4.81 0.00 (0.00%)
After hours: 5:14PM EDT
|Bid||4.54 x 21500|
|Ask||5.00 x 4000|
|Day's Range||4.75 - 4.86|
|52 Week Range||3.27 - 5.07|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 12, 2018 - Nov 16, 2018|
|Forward Dividend & Yield||0.08 (1.61%)|
|1y Target Est||5.51|
DHT Holdings, Inc. (DHT) ("DHT" or the "Company") today announced that Mr. Carsten Mortensen has resigned from the Company's board of directors and that the Company has appointed Mr. Anders Onarheim to its board of directors, effective immediately, as a Class III Director with a term expiring at the Company's 2021 annual meeting of shareholders. Mr. Anders Onarheim has more than 30 years of experience from the capital markets, both in Norway and internationally. His experience includes 16 years at Carnegie Investment Bank in Norway, where he served as Managing Director and then CEO, as well as several years as Executive Director in the investment banking division of Goldman Sachs in London, and as Vice President of institutional sales at Merrill Lynch in New York and London. He has held a number of board directorships within both industrial companies and investment firms. Current directorships include North Energy ASA, Reach Subsea ASA and BW LPG. He holds an MBA from Washington University of St. Louis where he graduated in 1986. Mr. Onarheim is a Norwegian citizen and resident.
DHT Holdings, Inc. (DHT) ("DHT") announced that it has secured commitment to a $50 million financing for its earlier publicized scrubber retrofit project, subject to final documentation. The financing is structured through an increase of the existing $300 million secured credit facility entered into in the second quarter of 2017.
NEW YORK, Aug. 29, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of BofI ...
DHT Holdings, Inc. (DHT) ("DHT," or the "Company") announced today that it has closed its previously announced separate, privately negotiated exchanges, pursuant to which certain holders of its outstanding 4.5% Convertible Senior Notes due 2019 (the "Existing Notes") exchanged approximately $73.0 million aggregate principal amount of the Existing Notes for approximately $80.3 million aggregate principal amount of the Company's new 4.5% Convertible Senior Notes due 2021 (the "Exchange Notes" and such transactions, the "Private Exchanges"). The Private Exchanges included an additional $5.5 million aggregate principal amount of Existing Notes that were also held by one of the exchanging holders.
HAMILTON, BERMUDA, August 16, 2018- DHT Holdings, Inc. announced today that it has entered into separate, privately negotiated exchange agreements with certain holders of its outstanding 4.5% Convertible ...
NEW YORK, NY / ACCESSWIRE / August 8, 2018 / DHT Holdings, Inc. (NYSE: DHT ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 8, 2018 at 8:00 AM Eastern Time. To ...
DHT Holdings (DHT) delivered earnings and revenue surprises of 0.00% and -4.88%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 20 cents. Losses, adjusted for non-recurring costs, came to 17 cents per share. The results met Wall Street expectations. ...
HAMILTON, BERMUDA, August 7, 2018- DHT Holdings, Inc. today announced:. Adjusted EBITDA for the quarter of $12.7 million. Net loss for the quarter of $28.2 million or loss of $0.20 per basic share.
The company will host a conference call and webcast which will include a slide presentation at 8:00 AM EDT/14: 00 CEST on Wednesday August 8, 2018 to discuss the results for the quarter. All shareholders ...
In week 30, the week ending July 27, Evercore downgraded one crude tanker company and revised other companies’ target prices.
According to Weber’s weekly report, VLCCs (very large crude carriers) maintained the demand strength in week 30 along with the tight availability of units. The VLCC rates rose in the week ending July 27.
China released its trade data on July 13. In dollar terms, China’s (FXI) exports rose 11.3% YoY (year-over-year). The data were slightly better than analysts’ expectations. However, the import growth slowed down to 14.1% in June—compared to 26% in May. China’s June import growth was way below the markets’ expectations.
China (FXI) released its key economic data for June—import and export data, auto sales data, and the manufacturing index. The data help investors assess the crude oil tanker industry’s outlook.
Navios Maritime Midstream Partners (NAP) released its second-quarter results today. NAP reported $14.7 million in EBITDA and $4.3 million in net income in Q2 2018. This month, NAP received a proposal from Navios Maritime Acquisition (NNA) in which NNA would acquire publicly held common shares of NAP in a stock-for-unit exchange.
According to Weber’s weekly report, the VLCC (very large crude carrier) demand was stronger in week 29, which led to a rebound in VLCC rates. In week 29, 27 VLCC fixtures were observed in the Middle East market—two less than the previous week. In the West Africa market, the weekly fixtures rose to 11, which was a YTD (year-to-date) high.
In Week 28, analysts made no target price revisions or recommendation changes for crude tanker companies. Of the six analysts covering Nordic American Tankers (NAT), ~67% are neutral, recommending “hold,” while 33% are bearish, recommending “sell.” Their consensus target price of $2.45 implies a 6.56% downside to NAT’s current price of $2.43. Of the six analysts covering Frontline (FRO), 33% are bullish, recommending “buy,” ~33% are neutral, and 34% are bearish. Their consensus target price of $5.32 implies a 2.5% upside to FRO’s current price of $5.21.
For today, WallStEquities.com evaluates DHT Holdings Inc. (NYSE: DHT), Diana Containerships Inc. (NASDAQ: DCIX), Diana Shipping Inc. (NYSE: DSX), and DryShips Inc. (NASDAQ: DRYS). Shares in Hamilton, Bermuda headquartered DHT Holdings Inc. saw a decline of 1.93%, ending Monday’s trading session at $4.57.
According to Reuters, the consensus rating for DHT Holdings (DHT) is 2.07, which means a “buy.” Of the 14 analysts that gave recommendations on DHT Holdings, 71.0% of the analysts are bullish on the stock—three analysts gave a “strong buy,” and seven analysts gave a “buy.” Four analysts gave a “hold” rating for DHT Holdings. None of the analysts recommended a “strong sell” or “sell” for DHT Holdings.
In week 26, which ended on June 29, none of the analysts revised their recommendations or target prices for crude tanker companies.
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 26, which ended on June 29, the BDTI fell from 754 to 712. In week 25, the index dropped by one point. The index shows the direction that crude tanker rates are heading. The index has risen ~1.7% since the beginning of the year.
In this part, we’ll discuss Wall Street analysts’ target prices for the two crude tanker stocks with the best returns YTD (year-to-date). DHT Holdings (DHT) was the best-performing stock among peers on a YTD basis. About 71% of Wall Street analysts tracking DHT Holdings stock recommended a “buy” or some equivalent as of June 28.
DHT Holdings’ (DHT) YTD (year-to-date) returns stood at 30.6% as of June 28. It is the best performer among its peers so far this year. DHT Holdings has outperformed the shipping ETF and also outperformed the broad equity market indexes. Since the start of the year, the Invesco Shipping ETF (SEA) has fallen 12.1%. Oil and gas transportation companies account for 47.7% of SEA. The Dow Jones Industrial Average (DIA) has fallen 2.1% YTD as of June 28. The SPDR S&P 500 ETF (SPY) has risen 1.5% during the same period.