Is DHT Holdings Inc. (DHT) a good stock to buy now?

DHT Holdings Inc. (NYSE: DHT) is 9.56% higher on its value in year-to-date trading and has touched a low of $4.52 and a high of $8.68 in the current 52-week trading range. The DHT stock was last observed hovering at around $5.43 in the last trading session, with the day’s gains setting it 0.3% off its average median price target of $6.00 for the next 12 months. It is also 36.33% off the consensus price target high of $9.00 offered by 9 analysts, but current levels are -21.91% lower than the price target low of $4.70 for the same period.


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Currently trading at $5.73, the stock is 6.89% and 9.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.22 million and changing 5.52% at the moment leaves the stock 0.00% off its SMA200. DHT registered -30.29% loss for a year compared to 6-month loss of 5.33%. The firm has a 50-day simple moving average (SMA 50) of $5.35 and a 200-day simple moving average (SMA200) of $5.37.

The stock witnessed a 7.10% gain in the last 1 month and extending the period to 3 months gives it a 6.51%, and is 9.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.79% over the week and 3.21% over the month.

DHT Holdings Inc. (DHT) has around 17 employees, a market worth around $927.40M and $791.90M in sales. Current P/E ratio is 3.13 and Fwd P/E is 14.40. Profit margin for the company is 42.20%. Distance from 52-week low is 26.77% and -34.01% from its 52-week high. The company has generated returns on investments over the last 12 months (7.80%).

DHT Holdings Inc. (DHT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for DHT Holdings Inc. (DHT) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.00, where 4 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

DHT Holdings Inc. is expected to release its quarterly report on 05/10/2021 and quarterly earnings per share for the current quarter are estimated at $0.14 with sales reaching $85.9M over the same period.The EPS is expected to grow by 233.90% this year, but quarterly earnings will post 59.60% year-over-year. Quarterly sales are estimated to shrink -39.40% in year-over-year returns.

DHT Holdings Inc. (DHT) Top Institutional Holders

238 institutions hold shares in DHT Holdings Inc. (DHT), with 28.67M shares held by insiders accounting for 16.78% while institutional investors hold 68.21% of the company’s shares. The shares outstanding are 157.77M, and float is at 142.13M with Short Float at 3.79%. Institutions hold 56.76% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 18.89 million shares valued at $97.47 million. The investor’s holdings represent 12.81% of the DHT Shares outstanding. As of Sep 29, 2020, the second largest holder is Dimensional Fund Advisors LP with 11.5 million shares valued at $59.32 million to account for 7.80% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 6.97 million shares representing 4.73% and valued at over $35.98 million, while Blackrock Inc. holds 3.86% of the shares totaling 5.7 million with a market value of $29.4 million.

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DHT Holdings Inc. (DHT): Who are the competitors?

The company’s main competitors (and peers) include Teekay LNG Partners L.P. (TGP) that is trading -18.31% down over the past 12 months. Frontline Ltd. (FRO) is -49.77% down on the 1-year trading charts. Short interest in the company’s stock has fallen -1.86% from the last report on Nov 12, 2020 to stand at a total of 5.49 million short shares sold with a short interest ratio of 2.01.

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