TheStreet Upgrades DHT Holdings, Inc. (DHT) to C-

DHT Holdings, Inc. (NYSE:DHT) was upgraded by research analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued to investors on Monday.

A number of other equities research analysts also recently commented on DHT. Maxim Group set a $7.00 price objective on shares of DHT Holdings and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus set a $5.00 price objective on shares of DHT Holdings and gave the company a “hold” rating in a research report on Sunday, October 29th. Zacks Investment Research downgraded shares of DHT Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Jefferies Group LLC restated a “buy” rating on shares of DHT Holdings in a research report on Thursday, October 19th. Finally, ValuEngine upgraded shares of DHT Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $6.00.

DHT Holdings (NYSE:DHT) traded down $0.10 during midday trading on Monday, reaching $3.77. 984,500 shares of the company’s stock traded hands, compared to its average volume of 1,103,648. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.82. DHT Holdings has a one year low of $3.44 and a one year high of $5.20. The firm has a market capitalization of $532.38, a P/E ratio of 9.44, a PEG ratio of 4.74 and a beta of 0.95.

DHT Holdings (NYSE:DHT) last released its quarterly earnings data on Monday, November 13th. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.04. DHT Holdings had a net margin of 9.68% and a return on equity of 5.09%. The company had revenue of $54.80 million during the quarter, compared to the consensus estimate of $50.43 million. During the same quarter in the prior year, the firm posted ($0.81) earnings per share. DHT Holdings’s revenue for the quarter was up 8.9% on a year-over-year basis. sell-side analysts anticipate that DHT Holdings will post 0.16 earnings per share for the current year.

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A number of institutional investors have recently modified their holdings of DHT. Amerigo Asset Management purchased a new position in DHT Holdings in the third quarter valued at about $3,345,000. State of Wisconsin Investment Board purchased a new position in DHT Holdings in the second quarter valued at about $2,283,000. Marshall Wace North America L.P. purchased a new position in DHT Holdings in the second quarter valued at about $1,996,000. Numeric Investors LLC purchased a new position in DHT Holdings in the second quarter valued at about $1,874,000. Finally, State Street Corp increased its holdings in DHT Holdings by 15.7% in the second quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock valued at $9,911,000 after buying an additional 323,923 shares in the last quarter. 34.33% of the stock is owned by institutional investors.

About DHT Holdings

DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.

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