DHT Holdings Inc (DHT) was Downgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Aug 25, 2016.
On the company’s financial health, DHT Holdings Inc reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.30. The company had revenue of $83.20 million for the quarter, compared to analysts expectations of $82.03 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
DHT Holdings Inc opened for trading at $5.03 and hit $5.15 on the upside on Tuesday, eventually ending the session at $5.08, with a gain of 0.79% or 0.04 points. The heightened volatility saw the trading volume jump to 19,93,977 shares. Company has a market cap of $474 M.
DHT Holdings Inc. (DHT) is engaged in the ownership and operation of a fleet of crude oil carriers. The Company’s 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 200000 to 320000 deadweight tons (dwt); two Suezmax tankers (Suezmaxes) which are tankers ranging in size from 130000 to 170000 dwt and two Aframax tankers (Aframaxes) which are tankers ranging in size from 80000 to 120000 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.