The stock of DHT Holdings Inc (NYSE:DHT) is a huge mover today! About 2.15 million shares traded hands. DHT Holdings Inc (NYSE:DHT) has declined 37.35% since April 14, 2016 and is downtrending. It has underperformed by 42.04% the S&P500.
The move comes after 8 months positive chart setup for the $364.13 million company. It was reported on Nov, 16 by Barchart.com. We have $7.88 PT which if reached, will make NYSE:DHT worth $371.41 million more.
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. Seaport Global reinitiated DHT Holdings Inc (NYSE:DHT) rating on Wednesday, May 4. Seaport Global has “Buy” rating and $8.50 price target. Morgan Stanley initiated the stock with “Overweight” rating in Monday, September 14 report. Wells Fargo initiated the stock with “Market Perform” rating in Monday, September 26 report. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, August 25. The firm has “Neutral” rating given on Tuesday, July 26 by UBS. The firm has “Hold” rating by TheStreet given on Tuesday, September 1. As per Tuesday, January 12, the company rating was downgraded by JP Morgan. Jefferies maintained DHT Holdings Inc (NYSE:DHT) rating on Wednesday, July 27. Jefferies has “Buy” rating and $6 price target. JP Morgan maintained DHT Holdings Inc (NYSE:DHT) on Thursday, April 7 with “Neutral” rating.
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 Globenewswire.com which published an article titled: “DHT Holdings, Inc. third quarter 2016 results” on November 01, 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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