Maxim Group Issues a Buy Rating on DHT Holdings

Maxim Group analyst James Jang assigned a Buy rating to DHT Holdings (NYSE: DHT) today and set a price target of $7. The company’s shares opened today at $4.

Jang noted:

“DHT Holdings (DHT) reported 3Q17 results after the market close on Monday, November 13, 2017, reporting net revenues of $54.8 million, net loss of $5.1 million, operating loss of ($0.04) per share, and EBITDA of $31.4 million, largely in line with expectations.”

According to TipRanks.com, Jang is a 2-star analyst with an average return of 2.0% and a 40.7% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP , Nordic American Tanker, and Eagle Bulk Shipping.

DHT Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $6.08.

Based on DHT Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $86.34 million and quarterly net profit of $4.84 million. In comparison, last year the company earned revenue of $64.83 million and had a GAAP net loss of $75.7 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

DHT Holdings, Inc. is an independent crude oil tanker company. It fleet trades internationally and consists of crude oil tankers in the VLCC, Aframax and Suezmax segments. The company was founded on February 12, 2010 and is headquartered in Hamilton, Bermuda.

Leave a Reply

Your email address will not be published. Required fields are marked *