A number of other brokerages have also weighed in on DHT. Zacks Investment Research lowered DHT from a hold rating to a sell rating in a report on Tuesday, October 9th. ValuEngine lowered DHT from a buy rating to a hold rating in a research note on Thursday, December 6th. JPMorgan Chase & Co. raised DHT from a neutral rating to an overweight rating and set a $7.00 price target on the stock in a research note on Friday, October 19th. DNB Markets lowered DHT from a buy rating to a hold rating in a research note on Friday, November 30th. Finally, Morgan Stanley boosted their price target on DHT from $5.50 to $6.00 and gave the stock a buy rating in a research note on Monday, November 5th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. DHT currently has a consensus rating of Buy and a consensus target price of $6.08.
DHT traded up $0.03 during trading on Thursday, reaching $4.28. The company’s stock had a trading volume of 517,743 shares, compared to its average volume of 758,918. DHT has a 52-week low of $3.27 and a 52-week high of $5.60. The firm has a market capitalization of $636.03 million, a PE ratio of 32.92 and a beta of 0.32. The company has a current ratio of 1.78, a quick ratio of 1.47 and a debt-to-equity ratio of 1.01.
Several large investors have recently made changes to their positions in DHT. BlackRock Inc. boosted its stake in shares of DHT by 14.0% during the 2nd quarter. BlackRock Inc. now owns 4,598,101 shares of the shipping company’s stock worth $21,565,000 after acquiring an additional 565,749 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in DHT by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,808,667 shares of the shipping company’s stock valued at $36,623,000 after buying an additional 76,005 shares in the last quarter. FMR LLC purchased a new stake in DHT in the 2nd quarter valued at approximately $1,197,000. Renaissance Technologies LLC lifted its stake in DHT by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,034,400 shares of the shipping company’s stock valued at $14,231,000 after buying an additional 420,500 shares in the last quarter. Finally, Odey Asset Management Group Ltd purchased a new stake in DHT in the 2nd quarter valued at approximately $350,000. 40.96% of the stock is currently owned by institutional investors and hedge funds.
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
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