DHT (NYSE:DHT) Stock Passes Above 50 Day Moving Average of $5.72

DHT Holdings Inc (NYSE:DHT) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.72 and traded as high as $5.97. DHT shares last traded at $5.92, with a volume of 27,546 shares traded.

DHT has been the subject of several recent research reports. Evercore ISI lowered DHT from an “outperform” rating to an “in-line” rating and set a $5.17 price target for the company. in a research report on Wednesday, April 24th. ValuEngine lowered Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Finally, Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. DHT currently has an average rating of “Buy” and a consensus price target of $6.28.

The firm’s 50-day moving average is $5.73. The firm has a market cap of $833.53 million, a price-to-earnings ratio of -23.48, a PEG ratio of 4.58 and a beta of 0.57. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.47.

DHT (NYSE:DHT) last announced its earnings results on Wednesday, May 8th. The shipping company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. DHT had a negative return on equity of 1.09% and a negative net margin of 5.17%. The business had revenue of $85.80 million during the quarter, compared to analyst estimates of $77.18 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. The company’s revenue for the quarter was up 85.7% compared to the same quarter last year. Equities analysts anticipate that DHT Holdings Inc will post 0.26 EPS for the current year.

Large investors have recently made changes to their positions in the business. Squarepoint Ops LLC purchased a new position in shares of DHT during the fourth quarter valued at approximately $50,000. SG Americas Securities LLC purchased a new stake in shares of DHT in the first quarter valued at approximately $71,000. BNP Paribas Arbitrage SA boosted its holdings in shares of DHT by 465.1% in the first quarter. BNP Paribas Arbitrage SA now owns 19,129 shares of the shipping company’s stock valued at $85,000 after purchasing an additional 15,744 shares during the period. Raymond James & Associates purchased a new stake in shares of DHT in the fourth quarter valued at approximately $159,000. Finally, Two Sigma Investments LP purchased a new stake in shares of DHT in the fourth quarter valued at approximately $159,000. Institutional investors and hedge funds own 37.40% of the company’s stock.


DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

Further Reading: What are some reasons analysts would give stocks a buy rating?

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