DHT (NYSE:DHT) PT Raised to $13.00 at Stifel Nicolaus

DHT (NYSE:DHT) had its target price boosted by Stifel Nicolaus from $12.00 to $13.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the shipping company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 14.74% from the stock’s current price.

DHT Stock Performance

Shares of NYSE DHT opened at $11.33 on Wednesday. DHT has a 12 month low of $8.60 and a 12 month high of $12.80. The stock has a 50 day moving average of $11.65 and a 200-day moving average of $11.37. The company has a current ratio of 3.30, a quick ratio of 2.69 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1.83 billion, a P/E ratio of 10.89 and a beta of -0.35.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, May 14th. The shipping company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). The company had revenue of $106.30 million during the quarter, compared to analyst estimates of $106.87 million. DHT had a net margin of 29.58% and a return on equity of 16.34%. DHT’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. As a group, equities research analysts predict that DHT will post 1.49 EPS for the current year.

Hedge Funds Weigh In On DHT

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates bought a new stake in DHT in the 4th quarter valued at $128,000. DAVENPORT & Co LLC grew its stake in shares of DHT by 86.3% in the fourth quarter. DAVENPORT & Co LLC now owns 191,278 shares of the shipping company’s stock valued at $1,876,000 after acquiring an additional 88,596 shares in the last quarter. International Assets Investment Management LLC increased its position in DHT by 880.9% during the fourth quarter. International Assets Investment Management LLC now owns 457,452 shares of the shipping company’s stock worth $46,631,000 after acquiring an additional 410,816 shares during the period. Pinion Investment Advisors LLC acquired a new stake in DHT in the 4th quarter worth about $369,000. Finally, Allspring Global Investments Holdings LLC raised its stake in DHT by 92.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 17,654 shares of the shipping company’s stock worth $173,000 after purchasing an additional 8,476 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

About DHT

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.