How Have Insiders Been Trading DHT Holdings Inc. (DHT) Stock?

DHT Holdings Inc. (NYSE:DHT) saw a downside of -0.54% to $6.41 after subtracting -$0.04 on Wednesday. The 5-day average trading volume is 1,368,362 shares of the company’s common stock. It has gained $6.72 in the past week. An average of 2,109,181 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,976,500.

DHT’s 1-month performance is 11.98% or $0.66 on its low of $5.52 reached on 09/20/21. The company’s shares have touched a 52-week low of $4.52 and high of $6.84, with the stock’s rally to the 52-week high happening on 06/25/21. YTD, DHT has achieved 23.33% or $1.19. However, the current price is down -6.21%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 513.00 and a low of 2.345. DHT stock has a beta of -0.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.82 while the price-to-book (PB) in the most recent quarter is 1.02.

DHT Holdings Inc. pays an annual dividend of $0.08 per share. Its dividend yield is 1.25% and the payout ratio is 175.70%. DHT’s most recent quarterly dividend payment was made on Aug. 26, when it paid $0.02 a share compared with prior rate of $0.04, down -100.0% from last year’s. The company latest dividend decrease of $0.02 reported on Friday August 6 2021. Measured over the last 3 years, the Dividend has been growing by 575.00% yearly.

It is projected that DHT Holdings Inc.’s next ex-dividend date will be on 8-Nov. DHT is expected to distribute $0.0 as its next dividend.

DHT Holdings Inc.’s quick ratio for the period ended June 29 was 3.30, with the current ratio over the same period at 3.30 meaning that DHT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.48, while the total debt to equity was 0.48. In terms of profitability, the gross margin trailing 12 months is 59.70%. The trailing 12-month EBITDA margin is 65.18% while for the period ending June 29; DHT Holdings Inc.’s operating margin was 22.10%. The firm’s gross profit as reported stood at $468.29 million against revenue of $691.04 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected DHT to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.09, representing a -12.50% surprise. EBITDA for the quarter stood at more than $46.67 million. DHT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 616.99 million, with total debt at $544.18 million

Technical Picture

Let’s look briefly at DHT Holdings Inc. (DHT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 54.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.64%.

The stock’s 5-day moving average is $6.48, reflecting a -0.31% or -$0.02 change from its current price. DHT is currently trading +11.65% above its 20-day SMA, +2.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +12.24% and +22.05% respectively.

Stochastic %K and %D was 69.72% and 72.41% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 57.44%, while the 14-day stochastic is at 59.57% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at -0.03 and 0.05 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for DHT Holdings Inc. (NYSE: DHT), Stifel upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for DHT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate DHT as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.

What is DHT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.70 and a high of $10.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for DHT Holdings Inc. (DHT) stock is $7.52.

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