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Monday, November 30, 2020

Is Now the Time to Invest in DHT Holdings Inc. (NYSE:DHT)?

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DHT Holdings Inc. (DHT) shares are trading at lower $4.76 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $7.14.

To add more color to this target, the company’s high over the last year is $8.83 and the low is $4.77. Over the last 52 weeks, DHT is down -37.78% while the S&P 500 is up 7.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, DHT reported a profit of $183.0 million. DHT Holdings Inc. also saw revenues increase to $245.94 million. In addition, DHT has free cash flow of $304.48 million as of 06-2020. The company’s EBITDA came in at $179.79 million which compares well with its peers.

DHT booked profit margins of 36.40%, its Return on Equity (ROE) is 29.10%, and its Return on Assets is 15.10%. All told, it is clear that, DHT needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. DHT has a short ratio of 2.92 and outstanding shares of 147.15M.

Company Outlook

DHT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.4 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.47. DHT Holdings Inc. DHT also noted assets of $1.82 billion at the end of the last quarter. Investors should also keep an eye on sector updates as DHT has historically followed its peers on positive news.

All told, DHT Holdings Inc. DHT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DHT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

DHT Holdings Inc. DHT is now commanding a market cap of 827.53M and a float of 142.13M. DHT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of DHT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in DHT, either long or short, and we have not been compensated for this article.

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