Which Crude Tanker Stock Has Performed the Best in Last 6 Months?



Stock performance

DHT Holdings’ (DHT) stock price closed at $4.65 on April 24, 2017, which is 6.2% higher than its price six months ago. In the last six months, DHT is the only crude tanker stock to trade in positive territory. All other crude tanker stocks have negative six-month returns. Frontline (FRO) has fallen 9.3% in the last six months. Similarly, Nordic American Tankers (NAT), Tsakos Energy Navigation (TNP), and Teekay Tankers (TNK) fell 8.7%, 4.5%, and 19.4%, respectively.

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Analysts’ revenue and earnings estimates

Wall Street analysts expect revenue of just over $72 million in 1Q17 for DHT Holdings, a rise from the 4Q16 revenue of $66.9 million. The revenue is expected to be 19% lower year-over-year. Fiscal 2017 revenue for DHT is expected to be $268 million, 7.6% lower than 2016 revenues of $290 million. Revenue is expected to rise to $330 million in 2018.

Analysts estimate that DHT’s EBITDA (earnings before interest, tax, depreciation, and amortization) in 1Q17 will be $46.9 million, a rise from the $46.6 million reported in 4Q16 and a fall from the $69 million reported in 1Q16.

2017 EBITDA are estimated to be $157 million, lower than the $209 million reported in 2016. In 2018, EBITDA are expected to rise to $199 million.

Analysts’ ratings

16 analysts cover DHT Holdings. Of these 16, two analysts have given the company a “strong buy,” and another six analysts have given it a “buy.” Eight analysts have given “hold” recommendations for the stock. The consensus target price for DHT Holdings is $5.48, which implies an upside of 17% from the current price of $4.66 on April 24, 2017.


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