Morgan Stanley upgraded shares of DHT (NYSE:DHT) from an equal weight rating to an overweight rating in a report issued on Monday morning, Marketbeat reports. Morgan Stanley currently has $5.00 price objective on the shipping company’s stock.

Several other analysts have also recently issued reports on DHT. ValuEngine cut DHT from a hold rating to a sell rating in a research note on Friday, February 2nd. Maxim Group set a $7.00 price objective on DHT and gave the company a buy rating in a research note on Tuesday, November 14th. Stifel Nicolaus set a $5.00 price objective on DHT and gave the company a hold rating in a research note on Sunday, October 29th. Pareto Securities upgraded DHT from a hold rating to a buy rating in a research note on Tuesday, January 16th. Finally, TheStreet upgraded DHT from a d+ rating to a c- rating in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $5.75.

DHT (NYSE:DHT) opened at $3.88 on Monday. DHT has a 52-week low of $3.27 and a 52-week high of $5.20. The company has a market capitalization of $552.31, a price-to-earnings ratio of 48.50 and a beta of 0.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.65 and a current ratio of 2.01.

DHT (NYSE:DHT) last announced its quarterly earnings data on Tuesday, February 6th. The shipping company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $56.60 million for the quarter, compared to analysts’ expectations of $55.82 million. DHT had a return on equity of 1.61% and a net margin of 1.86%. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. equities research analysts predict that DHT will post -0.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, February 16th. DHT’s payout ratio is currently 100.00%.

A number of institutional investors have recently bought and sold shares of DHT. Arrowstreet Capital Limited Partnership acquired a new stake in DHT in the fourth quarter valued at $143,000. Voya Investment Management LLC raised its stake in DHT by 16.8% in the second quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock valued at $194,000 after buying an additional 6,737 shares in the last quarter. Millennium Management LLC acquired a new stake in DHT in the fourth quarter valued at $232,000. Dynamic Technology Lab Private Ltd raised its stake in DHT by 11.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock valued at $293,000 after buying an additional 7,388 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in DHT by 438.1% in the third quarter. Cubist Systematic Strategies LLC now owns 77,744 shares of the shipping company’s stock valued at $309,000 after buying an additional 63,295 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

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About DHT

DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCCs) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.

Analyst Recommendations for DHT (NYSE:DHT)

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