uploads/2018/04/DHT_Analyst-Rating-1.jpg

Analysts’ Recommendations: Top 2 Crude Tanker Stocks

By

Updated

Analysts’ recommendations

In this part, we’ll discuss Wall Street analysts’ target prices for the top two crude tanker stocks with the best returns YTD (year-to-date) as of April 5, 2018. Analysts expect both of these companies to have positive returns in the next 12 months.

Article continues below advertisement

DHT Holdings

DHT Holdings has the best YTD return as of April 5, 2018, among its peers. Analysts’ consensus rating for DHT Holdings (DHT) is 2.25, which means a “buy.” About 62% of the analysts recommended a “buy” or some equivalent as of April 5, 2018. Approximately 38% recommended a “hold,” while none of the analysts recommended a “sell” or some equivalent. Analysts’ consensus target price for DHT Holdings was $4.97 as of April 5. Currently, DHT Holdings is trading at $3.63, which implies a return of 36.9% in the next 12 months at the current price.

Frontline

Frontline is the second-best performing stock on a YTD basis as of April 5, 2018, among its peers. Analysts’ consensus rating for Frontline (FRO) is 3.43, which means a “hold.” Only 14% of the analysts tracking Frontline recommended a “buy” or some equivalent as of April 5, 2018. Approximately 43% recommended a “hold,” while 43% recommended a “sell” or some equivalent. Analysts’ consensus target price for Frontline was $4.52 as of April 5. Currently, Frontline is trading at $4.87, which implies a 7.7% return in the next 12 months at the current price.

Next, we’ll discuss Wall Street analysts’ recommendations for the other best performing crude tanker stocks on YTD basis—Euronav (EURN), Gener8 Maritime Partners (GNRT), and Tsakos Energy Navigation (TNP).

Advertisement

More From Market Realist