DHT Holdings Inc. (NYSE: DHT) stock fell -3.39% on Monday to $8.26 against a previous-day closing price of $8.55. With 2.56 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.33 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $8.58 whereas the lowest price it dropped to was $8.22. The 52-week range on DHT shows that it touched its highest point at $10.64 and its lowest point at $4.55 during that stretch. It currently has a 1-year price target of $11.58. With its current market cap of 1.34 billion, DHT has annualized dividend of $0.16 while the current yield stands at 1.94%. Beta for the stock currently stands at -0.11.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DHT was down-trending over the past week, with a drop of -5.28%, but this was down by -10.31% over a month. Three-month performance dropped to -4.95% while six-month performance rose 25.15%. The stock gained 60.70% in the past year, while it has lost -6.98% so far this year. A look at the trailing 12-month EPS for DHT yields -0.02 with Next year EPS estimates of 1.04. For the next quarter, that number is 0.34. This implies an EPS growth rate of -104.40% for this year and 264.21% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -21.90%.
Float and Shares Shorts:
At present, 162.65 million DHT shares are outstanding with a float of 134.28 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.07 million, which was 2.48% higher than short shares on Sep 14, 2022. In addition to Mr. Svein Moxnes Harfjeld as the firm’s Pres & CEO, Ms. Laila C. Halvorsen serves as its Chief Financial Officer.
Through their ownership of 60.34% of DHT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 33.33% of DHT, in contrast to 25.79% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DHT with 15.00% of the stake, Fidelity Management & Research Co holds 24,390,370 shares worth 24,390,370. A second-largest stockholder of DHT, Dimensional Fund Advisors LP, holds 12,372,017 shares, controlling over 7.61% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in DHT, holding 6,276,235 shares or 3.86% stake. With a 4.85% stake in DHT, the Fidelity Convertible Securities F is the largest stakeholder. A total of 7,895,212 shares are owned by the mutual fund manager. The Fidelity Advisor Multi Asset Inco, which owns about 3.04% of DHT stock, is the second-largest Mutual Fund holder. It holds 4,945,605 shares valued at 43.92 million. Fidelity Convertible Securities M holds 2.61% of the stake in DHT, owning 4,250,861 shares worth 37.75 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DHT since 10 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DHT analysts setting a high price target of $14.40 and a low target of $10.00, the average target price over the next 12 months is $11.75. Based on these targets, DHT could surge 74.33% to reach the target high and rise by 21.07% to reach the target low. Reaching the average price target will result in a growth of 42.25% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DHT will report FY 2022 earnings on 02/06/2024. Analysts have provided yearly estimates in a range of $0.26 being high and $0.10 being low. For DHT, this leads to a yearly average estimate of $0.16. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. DHT Holdings Inc. surprised analysts by -$0.02 when it reported -$0.01 EPS against a consensus estimate of $0.01. The surprise factor in the prior quarter was $0.12. Based on analyst estimates, the high estimate for the next quarter is $0.39 and the low estimate is $0.29. The average estimate for the next quarter is thus $0.34.