- DHT Holdings (DHT) is trading at a new 15-year high.
- Shares are up 41% over the past 52 weeks.
- DHT trade is expected to grow revenue and earnings growth and pays a dividend yielding a generous 4.7% yield.
- Analyst sentiment is robust with multiple “Strong Buy” ratings and price targets up to $18.00, although some see the stock as overvalued.
Today’s Featured Stock
Valued at $2.49 billion, DHT Holdings (DHT) operates a fleet of double-hull crude oil tankers on international routes. DHT’s modern fleet consists of three Very Large Crude Carriers, two Suezmax tankers, and four Aframax tankers. DHT intends to pursue a strategy of providing shareholders with a stable and visible distribution and position the company to use its incremental cash flow to fund future growth opportunities.
What I’m Watching
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. DHT checks those boxes. Since the Trend Seeker issued a new “Buy” on Jan. 8, shares are up 16.9%.
Barchart Technical Indicators for DHT Holdings
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
DHT Holdings scored a 10-year high of $15.93 on Feb. 12.
- DHT has a Weighted Alpha of +53.63.
- DHT Holdings has a 100% “Buy” opinion from Barchart.
- The stock has gained 41.31% over the past 52 weeks.
- DHT has its Trend Seeker “Buy” signal intact.
- The stock recently traded at $15.83 with a 50-day moving average of $13.26.
- DHT Holdings has made 11 new highs and is up 16.38% over the past month.
- Relative Strength Index (RSI) is at 78.30.
- There’s a technical support level around $15.24.
Don’t Forget the Fundamentals
- $2.49 billion market capitalization.
- 12.9x trailing price-earnings ratio.
- 4.7% dividend yield.
- Revenue is expected to grow 73.79% this year.
- Earnings are estimated to increase 72.27% this year.
Analyst and Investor Sentiment on DHT Holdings
- The Wall Street analysts followed by Barchart give the stock 7 “Strong Buy” opinions with price targets between $12.80 and $18.00.
- Value Line rates the stock “Above Average.”
- CFRA’s MarketScope rates the stock a “Hold.”
- Morningstar thinks the stock is 17% overvalued.
- 1,240 investors following the stock on Motley Fool think this stock will beat the market while 125 think it won’t.
- 19,670 investors are following the stock on Seeking Alpha, which rates it a “Strong Buy.”
- Short interest is 2.01% of the float with 1.16 days to cover the float.
The Bottom Line on DHT Holdings
Transportation and Shipping stocks are on a tear now, and a rising tide will float DHT’s boats.
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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