Jefferies Financial Group Reaffirms “Buy” Rating for DHT (NYSE:DHT)

DHT (NYSE:DHT)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a note issued to investors on Wednesday,Benzinga reports. They currently have a $14.00 price objective on the shipping company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 29.63% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus lowered their price objective on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. BTIG Research assumed coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price for the company. StockNews.com cut DHT from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Finally, Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, DHT currently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

DHT Stock Up 0.9 %

DHT stock opened at $10.80 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.87 and a quick ratio of 2.33. DHT has a fifty-two week low of $9.28 and a fifty-two week high of $12.80. The firm has a fifty day moving average price of $10.92 and a two-hundred day moving average price of $11.28. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 10.80 and a beta of -0.36.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $92.64 million during the quarter, compared to analysts’ expectations of $87.51 million. DHT had a return on equity of 15.57% and a net margin of 27.72%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. As a group, analysts forecast that DHT will post 1.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pekin Hardy Strauss Inc. increased its position in shares of DHT by 1.5% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock worth $761,000 after purchasing an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in DHT by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 48,435 shares of the shipping company’s stock worth $560,000 after buying an additional 1,172 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of DHT by 7.2% during the first quarter. ProShare Advisors LLC now owns 24,358 shares of the shipping company’s stock worth $280,000 after buying an additional 1,640 shares in the last quarter. MQS Management LLC raised its stake in shares of DHT by 7.3% in the second quarter. MQS Management LLC now owns 24,423 shares of the shipping company’s stock valued at $283,000 after acquiring an additional 1,662 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of DHT by 52.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock worth $76,000 after acquiring an additional 2,361 shares in the last quarter. 58.53% of the stock is owned by institutional investors.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.