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H.C. Wainwright Maintains Their Buy Rating on DHT Holdings (DHT)

In a report released today, Magnus Fyhr from H.C. Wainwright maintained a Buy rating on DHT Holdings (DHTResearch Report), with a price target of $8.00. The company’s shares closed last Tuesday at $5.48.

According to TipRanks.com, Fyhr is a 4-star analyst with an average return of 9.7% and a 61.6% success rate. Fyhr covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Performance Shipping.

Currently, the analyst consensus on DHT Holdings is a Strong Buy with an average price target of $7.83, a 48.9% upside from current levels. In a report issued on April 27, Jefferies also initiated coverage with a Buy rating on the stock with a $8.00 price target.

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Based on DHT Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $83.84 million and GAAP net loss of $2.9 million. In comparison, last year the company earned revenue of $90.99 million and had a net profit of $7.62 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.

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