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Crude Tanker Updates and Analyst Recommendations for September

PART:
1 2 3 4 5 6 7 8
Part 6
Crude Tanker Updates and Analyst Recommendations for September PART 6 OF 8

How Wall Street Analysts View DHT Holdings

Stock performance

DHT Holdings (DHT) stock closed at $4.07 on September 22, 2017. The stock price is ~8.5% higher than the price at the beginning of the month. DHT Holdings is trading 21.7% lower than its 52-week high and 23.5% higher than its 52-week low.

How Wall Street Analysts View DHT Holdings

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Peers

Although DHT Holdings stock has given a negative year-to-date return, it is still one of the best performers among its peers. Following are the YTD returns of crude tanker stocks on September 22, 2017.

  • DHT Holdings: fell ~1.7%
  • Teekay Tankers (TNK): fell ~27.4%
  • Tsakos Energy Navigation (TNP): fell ~3.6%
  • Nordic American Tankers (NAT): fell 37.4%
  • Navios Maritime Midstream Partners (NAP): fell 30.2%
  • Euronav (EURN): gave a 0% return.

Analysts’ recommendations

According to Reuters, DHT Holdings has a consensus rating of ~2.5, which means a “buy.” In 2017, none of the analysts have revised their recommendations for the company. Of the 15 analysts that gave recommendations on DHT Holdings, one analyst gave a “strong buy” recommendation, and six analysts gave “buy” recommendations on DHT Holdings. Eight analysts gave “hold” ratings on the stock, and none of the analysts gave the company a “sell” or “strong sell.”

The consensus 12-month target price on DHT Holdings is $5.31. Compared to the price of $4.07 on September 22, 2017, the target price implies a potential upside of 30.5%.

In the next part of this series, we’ll examine analysts’ recommendations for Euronav (EURN).

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