DHT Stock Summary and Trading Ideas (DHT Holdings | NYSE:DHT)

DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 270,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore. The company generates the majority of its revenue from the shipping revenues.

DHT Holdings trades on the NYSE stock market under the symbol DHT.

As of December 27, 2024, DHT stock price declined to $9.24 with 1,669,541 million shares trading.

DHT has a beta of 0.21, meaning it tends to be less sensitive to market movements. DHT has a correlation of 0.01 to the broad based SPY ETF.

DHT has a market cap of $1.49 billion. This is considered a Small Cap stock.

Last quarter DHT Holdings reported $93 million in Revenue and $.22 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.02.

In the last 3 years, DHT traded as high as $12.80 and as low as $4.55.

The top ETF exchange traded funds that DHT belongs to (by Net Assets): IWM, AVUV, DFAT, IWN, SDIV.

DHT has underperformed the market in the last year with a return of +0.8%, while the SPY ETF gained +26.6%. In the last 3 month period, DHT fell short of the market, returning -14.5%, while SPY returned +4.3%. However, in the most recent 2 weeks DHT has outperformed the stock market by returning +3.5%, while SPY returned -1.2%.

DHT support price is $9.09 and resistance is $9.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DHT shares will trade within this expected range on the day.