DHT Holdings Inc. [DHT] gain 49.13% so far this year. What now?

DHT Holdings Inc. [NYSE: DHT] gained 4.59% on the last trading session, reaching $7.74 price per share at the time. The company report on August 10, 2022 that DHT Holdings, Inc. Second Quarter 2022 Results.

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HAMILTON, BERMUDA, August 10, 2022 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced its results for the quarter ended June 30, 2022.

The full report is available here and in the below attachment.

DHT Holdings Inc. represents 163.10 million in outstanding shares, while the company has a total market value of $1.26 billion with the latest information. DHT stock price has been found in the range of $7.44 to $7.84.

If compared to the average trading volume of 2.57M shares, DHT reached a trading volume of 4485111 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 $8.40 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 1.80. 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.

Jefferies have made an estimate for DHT Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 21, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on April 27, 2022, representing the official price target for DHT Holdings Inc. stock. Previously, the target price had yet another raise from $6 to $7, while Stifel kept a Buy rating on DHT stock. On August 11, 2021, analysts increased their price target for DHT shares from 7.50 to 8.

The Average True Range (ATR) for DHT Holdings Inc. is set at 0.28, with the Price to Sales ratio for DHT stock in the period of the last 12 months amounting to 4.42. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 0.36. Price to Free Cash Flow for DHT in the course of the last twelve months was 467.55 with Quick ratio for the last quarter at 2.90.

Trading performance analysis for DHT stock

DHT Holdings Inc. [DHT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.94. With this latest performance, DHT shares gained by 22.86% in over the last four-week period, additionally plugging by 42.02% over the last 6 months – not to mention a rise of 34.14% 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 70.96, with the RSI for the last a single of trading hit 75.01, and the three-weeks RSI is set at 67.65 for DHT Holdings Inc. [DHT]. The present Moving Average for the last 50 days of trading for this stock 6.37, while it was recorded at 7.44 for the last single week of trading, and 5.84 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 -6.61 and a Gross Margin at -1.01. DHT Holdings Inc.’s Net Margin is presently recorded at -3.89.

Return on Equity for this stock declined to -1.07, with Return on Assets sitting at -0.71.

DHT Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 2.90.

DHT Holdings Inc. [DHT]: An earnings per share (EPS) analysis

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 $740 million, or 61.00% of DHT stock, in the hands of institutional investors. The top three institutional holders of DHT stocks are: FMR LLC with ownership of 24,789,014, which is approximately -0.856% of the company’s market cap and around 0.20% of the total institutional ownership; DIMENSIONAL FUND ADVISORS LP, holding 11,978,143 shares of the stock with an approximate value of $92.71 million in DHT stocks shares; and BLACKROCK INC., currently with $54.7 million in DHT stock with ownership of nearly -4.779% of the company’s market capitalization.

Positions in DHT Holdings Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 70 institutional holders increased their position in DHT Holdings Inc. [NYSE:DHT] by around 13,304,938 shares. Additionally, 79 investors decreased positions by around 10,870,207 shares, while 21 investors held positions by with 71,492,035 shares. The mentioned changes placed institutional holdings at 95,667,180 shares, according to the latest SEC report filing. DHT stock had 29 new institutional investments in for a total of 4,434,399 shares, while 32 institutional investors sold positions of 4,263,707 shares during the same period.


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