In recent trading session, DHT Holdings, Inc. (NYSE:DHT) saw 1,080,182 shares changing hands with its beta currently measuring -0.23. Company’s recent per share price level of $4.76 trading at $0 or 0.11% at recent trade assigns it a market valuation of $819.83 Million. That current trading price of DHT’s stock is at a discount of -85.5% from its 52-week high price of $8.83 and is indicating a premium of 5.04% from its 52-week low price of $4.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.52 Million shares which gives us an average trading volume of 2.86 Million if we extend that period to 3-months.
For DHT Holdings, Inc. (DHT), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 1.8. Splitting up the data highlights that, out of 10 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 5 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.28 in the current quarter.
DHT Holdings, Inc. (NYSE:DHT) trade information
Upright in the green today for gaining 0.11%, in the last five days DHT remained trading in the green while hitting it’s week-highest on Friday, Oct 23 when the stock touched $5.16-8 price level, adding 8.72% to its value on the day. DHT Holdings, Inc.’s shares saw a change of -43.12% in year-to-date performance and have moved -8.19% in past 5-day. DHT Holdings, Inc. (NYSE:DHT) showed a performance of -8.37% in past 30-days. Number of shares sold short was 7.7 Million shares which calculate 2.69 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $6.25 to the stock, which implies a rise of 31.3% to its current value. Analysts have been projecting $4.6 as a low price target for the stock while placing it at a high target of $9. It follows that stock’s current price would jump +89.08% in reaching the projected high whereas dropping to the targeted low would mean a loss of -3.36% for stock’s current value.
DHT Holdings, Inc. (DHT) estimates and forecasts
Statistics highlight that DHT Holdings, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lessened -34.44% of value to its shares in past 6 months, showing an annual growth rate of 228.07% while that of industry is 10.4. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 566.7% in the current quarter and calculating -55.6% decline in the next quarter. This year revenue growth is estimated to rise 62.5% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $108.99 Million for the same. And 6 analysts are in estimates of company making revenue of $101.21 Million in the next quarter that will end in December 01, 2020. Company posted $58.89 Million and $141.69 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 85.1% while estimating it to be -28.6% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 20% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 233.9% while estimates for its earnings growth in next 5 years are of 5%
DHT Holdings, Inc. is more likely to be releasing its next quarterly report between November 09 and November 09, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 38.48%, the share has a forward dividend of 1.92 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 8.2%.
DHT Holdings, Inc. (NYSE:DHT)’s Major holders
Insiders are in possession of 20.04% of company’s total shares while institution are holding 67.76% percent of that, with stock having share float percentage of 84.75%. Investors also watch the number of corporate investors in a company very closely, which is 231 institutions for DHT Holdings, Inc. that are currently holding shares of the company. Dimensional Fund Advisors LP is the top institutional holder at DHT for having 11.51 Million shares of worth $59.02 Million. And as of June 29, 2020, it was holding 7.8% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 10.55 Million shares on June 29, 2020. The number of shares represents firm’s hold over 7.15% of outstanding shares, having a total worth of $54.1 Million.
On the other hand, Fidelity Convertible Securities Fund and Fidelity Strategic Dividend & Income Fund are the top two Mutual Funds which own company’s shares. As of August 30, 2020, the former fund manager was holding 8069093 shares of worth $42.69 Million or 5.47% of the total outstanding shares. The later fund manager was in possession of 4.29 Million shares on August 30, 2020, making its stake of worth around $22.7 Million in the company or a holder of 2.91% of company’s stock.