.jpg "DHT Holdings (NYSE: DHT)")
In a report released today, James Jang from Maxim Group maintained a Buy rating on DHT Holdings (NYSE: DHT), with a price target of $6. The company’s shares closed yesterday at $4.48.
Jang wrote:
“DHT reported 2Q18 results, which were lower than expected as the crude tanker sector faced a depressed rate environment. Although 2Q18 VLCC spot rates remained depressed at $5,301 per vessel/day, DHT, through its leading chartering desk, realized $11,900 per vessel/day.”
According to TipRanks.com, Jang is a 4-star analyst with an average return of 19.3% and a 50.0% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Nordic American Tanker, and Eagle Bulk Shipping.
Currently, the analyst consensus on DHT Holdings is a Moderate Buy with an average price target of $5.43.
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Based on DHT Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $9.21 million. In comparison, last year the company had a net profit of $4.84 million.
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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.
