The stock of DHT Holdings Inc (NYSE:DHT) is a huge mover today! About 4.56 million shares traded hands or 116.11% up from the average. DHT Holdings Inc (NYSE:DHT) has declined 40.49% since April 1, 2016 and is downtrending. It has underperformed by 41.71% the S&P500.
The move comes after 5 months positive chart setup for the $286.24M company. It was reported on Nov, 3 by Barchart.com. We have $4.93 PT which if reached, will make NYSE:DHT worth $108.77 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. The stock of DHT Holdings Inc (NYSE:DHT) earned “Neutral” rating by UBS on Tuesday, July 26. The firm earned “Equal-Weight” rating on Thursday, August 25 by Morgan Stanley. JP Morgan maintained the shares of DHT in a report on Thursday, April 7 with “Neutral” rating. The firm has “Overweight” rating given on Monday, September 14 by Morgan Stanley. The rating was reinitiated by Seaport Global with “Buy” on Wednesday, May 4. The firm earned “Overweight” rating on Tuesday, January 12 by JP Morgan. On Monday, September 26 the stock rating was initiated by Wells Fargo with “Market Perform”. Jefferies maintained DHT Holdings Inc (NYSE:DHT) rating on Wednesday, July 27. Jefferies has “Buy” rating and $6 price target. TheStreet upgraded the stock to “Hold” rating in Tuesday, September 1 report.
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.”
More news for DHT Holdings Inc (NYSE:DHT) were recently published by: Globenewswire.com, which released: “DHT Holdings, Inc. second quarter 2016 results” on August 09, 2016. Globenewswire.com‘s article titled: “DHT Holdings, Inc. to announce third quarter 2016 results on Wednesday …” and published on October 31, 2016 is yet another important article.
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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