Analysts’ consensus rating
According to Reuters, the consensus rating for DHT Holdings (DHT) is 2.21, which means a “buy.”
Below are the consensus ratings for other crude oil tanker companies on a scale of one (strong buy) to five (strong sell):
- Nordic American Tankers (NAT): 3.57 or a “sell”
- Gener8 Maritime (GNRT): 2.17 or a “buy”
- Teekay Tankers (TNK): 2.63 or a “hold”
- Euronav (EURN): two or a “buy”
Out of the 14 analysts that gave recommendations on DHT Holdings, two analysts gave a “strong buy,” seven gave a “buy,” and five gave a “hold” rating. None of the analysts recommended a “strong sell” or “sell” for DHT Holdings.
The consensus 12-month target price for DHT Holdings is $5.04, which implies a potential upside of 24.1% from the market price of $4.05 on May 29.
DHT Holdings reported an adjusted EBITDA for the first quarter of $24 million—52.5% lower year-over-year. The company’s VLCC achieved time charter equivalent earnings of $21,400 per day in the first quarter. In the second quarter, the company has booked 55% of the available days at an average rate of $14,200 per day. DHT Holdings posted a positive free cash flow. In April, DHT Holdings took the delivery of the first two VLCC newbuilds from DSME.