The stock of DHT Holdings Inc (NYSE:DHT) is a huge mover today! About 780,390 shares traded hands. DHT Holdings Inc (NYSE:DHT) has declined 30.44% since March 1, 2016 and is downtrending. It has underperformed by 39.68% the S&P500.
The move comes after 8 months positive chart setup for the $375.49 million company. It was reported on Oct, 4 by Barchart.com. We have $8.65 PT which if reached, will make NYSE:DHT worth $413.04M more.
Analysts await DHT Holdings Inc (NYSE:DHT) to report earnings on November, 1. They expect $0.12 EPS, down 55.56% or $0.15 from last year’s $0.27 per share. DHT’s profit will be $10.94M for 8.58 P/E if the $0.12 EPS becomes a reality. After $0.34 actual EPS reported by DHT Holdings Inc for the previous quarter, Wall Street now forecasts -64.71% negative EPS growth.
DHT Holdings Inc (NYSE:DHT) Ratings Coverage
Out of 7 analysts covering DHT Holdings (NYSE:DHT), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. DHT Holdings has been the topic of 11 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies on Wednesday, July 27 with “Buy”. The stock of DHT Holdings Inc (NYSE:DHT) earned “Hold” rating by TheStreet on Tuesday, September 1. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, August 25. On Monday, September 14 the stock rating was initiated by Morgan Stanley with “Overweight”. The firm has “Neutral” rating by JP Morgan given on Thursday, April 7. The rating was downgraded by JP Morgan to “Overweight” on Tuesday, January 12. UBS downgraded DHT Holdings Inc (NYSE:DHT) on Tuesday, July 26 to “Neutral” rating. Seaport Global reinitiated the stock with “Buy” rating in Wednesday, May 4 report. The rating was initiated by Wells Fargo on Monday, September 26 with “Market Perform”.
According to Zacks Investment Research, “DHT MARITIME INC., formerly Double Hull Tankers, Inc. operates a fleet of double-hull crude oil tankers on international routes. DHT’s modern fleet consists of three Very Large Crude Carriers, two Suezmax tankers and four Aframax tankers. DHT intends to pursue a strategy of providing shareholders with a stable and visible distribution and also position the Company to use its incremental cash flow to fund future growth opportunities.”
Another recent and important DHT Holdings Inc (NYSE:DHT) news was published by Seekingalpha.com which published an article titled: “DHT Holdings: Market Ignoring Macro Trends And Cash Flow” on July 13, 2016.
DHT Company Profile
DHT Holdings, Inc. (DHT), incorporated on February 12, 2010, is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. The Company’s fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT. The Company’s fleet principally operates on international routes and its fleet in operation has a combined carrying capacity of approximately 5,656,937 DWT. The Company’s subsidiaries include DHT Maritime, Inc., DHT Chartering, Inc., Sophie Tanker Corporation, Samco Shipholding Pte. Ltd., DHT Jaguar Limited and Chris Tanker Corporation.
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