DHT Holdings Inc. [NYSE: DHT] gained 3.67% or 0.19 points to close at $5.37 with a heavy trading volume of 2455518 shares. The company report on November 10, 2020 that DHT Holdings, Inc. Third Quarter 2020 Results.
HAMILTON, BERMUDA, November 9, 2020 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) announced its results for the quarter ended September 30, 2020.
The full report is available here and in the below attachment.
It opened the trading session at $5.21, the shares rose to $5.445 and dropped to $5.19, the range by which the price of stock traded the whole day. The daily chart for DHT points out that the company has recorded 3.27% gains over the past six months. However, it is still -18.81% lower than its most recent low trading price.
If we look at the average trading volume of 2.41M shares, DHT reached to a volume of 2455518 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about DHT Holdings Inc. [DHT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DHT shares is $6.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DHT stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for DHT Holdings Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 18, 2020. The new note on the price target was released on May 28, 2020, representing the official price target for DHT Holdings Inc. stock.
The Average True Range (ATR) for DHT Holdings Inc. is set at 0.19, with the Price to Sales ratio for DHT stock in the period of the last 12 months amounting to 1.17. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 0.43. Price to Free Cash Flow for DHT in the course of the last twelve months was 3.38 with Quick ratio for the last quarter at 2.70.
Trading performance analysis for DHT stock
DHT Holdings Inc. [DHT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.74. With this latest performance, DHT shares gained by 1.32% in over the last four-week period, additionally plugging by 3.27% over the last 6 months – not to mention a drop of -31.94% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DHT stock in for the last two-week period is set at 51.87, with the RSI for the last a single of trading hit 51.82, and the three-weeks RSI is set at 51.64 for DHT Holdings Inc. [DHT]. The present Moving Average for the last 50 days of trading for this stock 5.21, while it was recorded at 5.31 for the last single week of trading, and 5.76 for the last 200 days.
DHT Holdings Inc. [DHT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and DHT Holdings Inc. [DHT] shares currently have an operating margin of +25.95 and a Gross Margin at +28.72. DHT Holdings Inc.’s Net Margin is presently recorded at +13.77.
Return on Total Capital for DHT is now 7.68, given the latest momentum, and Return on Invested Capital for the company is 4.31. Return on Equity for this stock inclined to 8.21, with Return on Assets sitting at 3.99. When it comes to the capital structure of this company, DHT Holdings Inc. [DHT] has a Total Debt to Total Equity ratio set at 91.57. Additionally, DHT Total Debt to Total Capital is recorded at 47.80, with Total Debt to Total Assets ending up at 46.73. Long-Term Debt to Equity for the company is recorded at 80.74, with the Long-Term Debt to Total Capital now at 42.15.
Reflecting on the efficiency of the workforce at the company, DHT Holdings Inc. [DHT] managed to generate an average of $4,334,059 per employee. Receivables Turnover for the company is 6.37 with a Total Asset Turnover recorded at a value of 0.29.DHT Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.70 and a Current Ratio set at 2.70.
DHT Holdings Inc. [DHT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, DHT Holdings Inc. posted 0.45/share EPS, while the average EPS was predicted by analysts to be reported at 0.55/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -18.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DHT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DHT Holdings Inc. go to 5.00%.
An analysis of insider ownership at DHT Holdings Inc. [DHT]
There are presently around $476 million, or 56.70% of DHT stock, in the hands of institutional investors. The top three institutional holders of DHT stocks are: FMR LLC with ownership of 18,889,389, which is approximately 79.125% of the company’s market cap and around 0.20% of the total institutional ownership; DIMENSIONAL FUND ADVISORS LP, holding 11,495,657 shares of the stock with an approximate value of $61.73 million in DHT stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $37.45 million in DHT stock with ownership of nearly -22.925% of the company’s market capitalization.
Positions in DHT Holdings Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 97 institutional holders increased their position in DHT Holdings Inc. [NYSE:DHT] by around 16,238,668 shares. Additionally, 90 investors decreased positions by around 11,750,525 shares, while 23 investors held positions by with 60,621,143 shares. The mentioned changes placed institutional holdings at 88,610,336 shares, according to the latest SEC report filing. DHT stock had 39 new institutional investments in for a total of 4,617,382 shares, while 41 institutional investors sold positions of 6,227,353 shares during the same period.