DHT Holdings Inc. (NYSE: DHT) stock fell -2.08% on Tuesday to $8.02 against a previous-day closing price of $8.19. With 1.45 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.35 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $8.26 whereas the lowest price it dropped to was $7.99. The 52-week range on DHT shows that it touched its highest point at $12.13 and its lowest point at $5.34 during that stretch. It currently has a 1-year price target of $12.52. With its current market cap of 1.27 billion, DHT has annualized dividend of $0.92 while the current yield stands at 11.47%. Beta for the stock currently stands at -0.20.
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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 -2.67%, but this was down by -21.76% over a month. Three-month performance dropped to -25.95% while six-month performance fell -23.33%. The stock gained 39.97% in the past year, while it has lost -9.68% so far this year. A look at the trailing 12-month EPS for DHT yields 0.71 with Next year EPS estimates of 1.43. For the next quarter, that number is 0.35. This implies an EPS growth rate of 647.70% for this year and 33.40% 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 47.70%.
Float and Shares Shorts:
At present, 162.99 million DHT shares are outstanding with a float of 134.28 million shares on hand for trading. On Apr 27, 2023, short shares totaled 5.24 million, which was 3.21% higher than short shares on Mar 30, 2023. 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 67.59% of DHT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.49% of DHT, in contrast to 28.67% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DHT with 12.94% of the stake, Fidelity Management & Research Co holds 21,051,413 shares worth 21,051,413. A second-largest stockholder of DHT, Dimensional Fund Advisors LP, holds 13,190,494 shares, controlling over 8.11% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in DHT, holding 6,569,382 shares or 4.04% stake. With a 3.47% stake in DHT, the Fidelity Tactical High Income Fun is the largest stakeholder. A total of 5,646,736 shares are owned by the mutual fund manager. The Fidelity Advisor Multi Asset Inco, which owns about 3.47% of DHT stock, is the second-largest Mutual Fund holder. It holds 5,645,605 shares valued at 53.58 million. Fidelity Convertible Securities F holds 3.11% of the stake in DHT, owning 5,064,912 shares worth 48.07 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, DHT reported revenue of $99.91M and operating income of $204.00k. The EBITDA in the recently reported quarter was $32.08M and diluted EPS was $0.06.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DHT since 0 analysts follow the stock currently. 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 $16.00 and a low target of $10.00, the average target price over the next 12 months is $12.87. Based on these targets, DHT could surge 99.5% to reach the target high and rise by 24.69% to reach the target low. Reaching the average price target will result in a growth of 60.47% 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.