DHT Holdings (DHT) : The consensus on DHT Holdings (DHT) based on 6 analyst recommendation on the company stock is 1.75, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
DHT Holdings (DHT) stock is expected to deviate a maximum of $0.96 from the average target price of $8.4 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $8.
DHT Holdings (NYSE:DHT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.92 and $4.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.97, notching a gain of 1.43% for the day. The total traded volume was 2,308,558 . The stock had closed at $4.90 on the previous day.
Also, Seaport Global assumes their rating on the shares of DHT Holdings (NYSE:DHT). The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $8.5 per share. The rating by the firm was issued on May 4, 2016. The company shares have dropped -36.36% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $8.99 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $5.30 and the 200 Day Moving Average price is recorded at $5.87.
DHT Holdings, Inc. (DHT) is engaged in the ownership and operation of a fleet of crude oil carriers. The Companys fleet consists of eighteen crude oil tankers in operation, of which all are wholly owned by the Company. The fleet in operation consists of 14 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt); two Suezmax tankers (Suezmaxes), which are tankers ranging in size from 130,000 to 170,000 dwt, and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt. Nine of its eighteen vessels in operation are on charters for periods of up to six and half years, of which eight vessels are on fixed rate charter and one vessel is on a charter with earnings related to an index.