DHT Holdings (DHT) : Traders are bullish on DHT Holdings (DHT) as it has outperformed the S&P 500 by a wide margin of 0.24% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.72% in the last 1 week, and is up 2.74% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
DHT Holdings (NYSE:DHT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.77 and $4.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.88, notching a gain of 2.52% for the day. The total traded volume was 2,094,062 . The stock had closed at $4.76 on the previous day.
The stock has recorded a 20-day Moving Average of 1.23% and the 50-Day Moving Average is 3.98%. DHT Holdings, Inc. has dropped 10.75% during the last 3-month period . Year-to-Date the stock performance stands at -34.34%.
DHT Holdings (DHT) : 6 investment research analysts covering DHT Holdings (DHT) have an average price target of $7.17 for the near short term. The highest target price given by the Brokerage Firm to the stock is $10 and the lowest target is $5 for the short term. Analysts expect the variance to be within $1.86 of the average price.
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.