|Bid||4.54 x 100|
|Ask||4.57 x 100|
|Day's Range||4.49 - 4.61|
|52 Week Range||3.79 - 6.71|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.60 (12.45%)|
|1y Target Est||5.10|
Of the 14 analysts that gave recommendations on DHT Holdings, 71% are bullish on the stock—two analysts gave a “strong buy” recommendation, while eight analysts gave a “buy” recommendation. Four analysts gave a “hold” recommendation for DHT Holdings. None of the analysts recommended a “strong sell” or “sell” for DHT Holdings. Target price
Below are the consensus ratings for other crude oil tanker companies on a scale of one (strong buy) to five (strong sell): Nordic American Tankers (NAT): 3.5 or a “hold” Gener8 Maritime (GNRT): 2.2 or a “buy” Teekay Tankers (TNK): 2.7 or a “hold” Euronav (EURN): 2 or a “buy” Analysts’ recommendations
According to Reuters’ consensus, Teekay Tankers’ (TNK) revenue will be ~$91.6 million in 1Q18—compared to $105.2 million in 4Q17 and ~$100.6 million in 1Q17. Along with a fall in revenues, analysts expect a fall in Teekay Tankers’ EBITDA (earnings before interest, tax, depreciation, and amortization).
Out of the ten analysts that gave recommendations on Euronav, 80% are bullish on the stock. Two analysts gave Euronav a “strong buy,” while six analysts gave a “buy.” Meanwhile, 20% or two analysts are neutral and gave a “hold” rating. None of the analysts recommended a “strong sell” or “sell” for Euronav. The consensus 12-month target price for Euronav is $10.42, which implies a potential upside of 18.4% from the market price on April 19. Revenue and earnings estimates
Crude tanker rates went through a tough period in 2017. In 3Q17, crude tanker rates hit extremely low levels and were below the break-even point. The rate decline continued into 1Q18. Tanker rates have remained weak since the beginning of 2018. VLCC (very large crude carriers) and Suezmax rates dropped below $10,000 per day in 1Q18.
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 16, which ended on April 20, the BDTI fell from 640 to 637. In week 15, the index fell by 3 points. The index shows the direction that crude tanker rates are heading. The index has fallen ~9% since the beginning of 2018.
None of the crude (DBO) tanker companies saw target price or recommendation revisions from analysts in week 15 or the previous two weeks. Read What Analysts Recommend for Crude Tankers for more information.
When assessing the crude tanker industry, it’s important to look at the BDTI (Baltic Dirty Tanker Index). In week 15 of 2018, which ended on April 13, the BDTI fell from 643 to 640. In week 14, the index dropped by 18 points. The index shows the direction that crude tanker rates are heading. The index has fallen ~9% since the beginning of the year.
In the previous part, we discussed Wall Street analysts’ recommendations for the two top performing crude tanker stocks on a YTD (year-to-date) basis—DHT Holdings (DHT) and Frontline (FRO). In this part, we’ll discuss analysts’ recommendations for the other top crude tanker stocks on a YTD basis as of April 5, 2018.
In this part, we’ll discuss Wall Street analysts’ target prices for the top two crude tanker stocks with the best returns YTD (year-to-date) as of April 5, 2018. Analysts expect both of these companies to have positive returns in the next 12 months.
DHT Holdings’ (DHT) YTD (year-to-date) returns were 1.1% as of April 5, 2018. DHT Holdings is the only crude tanker company with a positive YTD return. Euronav (EURN), Teekay Tankers (TNK), Frontline (FRO), and Nordic American Tankers (NAT) all have negative YTD returns. DHT Holdings was the best performer among its peers on a YTD basis. DHT Holdings has outperformed the shipping ETF as well as the broad equity market indexes. Since January 1, 2018, the Guggenheim Shipping ETF (SEA) has fallen 10%. Oil and gas transportation companies account for 47.7% of SEA. ...
Now that we’ve compared crude tanker companies’ 4Q17 performances, let’s discuss analysts’ recommendations. Of the eight analysts covering Nordic American Tankers (NAT), only one analyst has given it a “buy” recommendation. About 50% of analysts are neutral, while 37% are bearish.
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