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Why Did Dht Stock Drop? (Explained)

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Because of the oversupply in the oil market and the Covid-19 virus outbreak, DHT’s shipping revenue in 4Q FY2020 fell by -52.56%. The company also announced a -75% cut in dividends.

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Related Questions

1Will Dht Stock Go Up?

The 10 analysts offering 12-month price forecasts for DHT Holdings Inc have a median target of 9.00, with a high estimate of 10.30 and a low estimate of 7.50. The median estimate represents a +14.50% increase from the last price of 7.86.

2Is Dht Holdings A Good Stock To Buy?

DHT has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

3Who Owns Dht Holdings?

DePrince, Race & Zollo, Inc.

4Is Dht A Good Investment?

Out of 10 analysts, 4 (40%) are recommending HRT as a Strong Buy, 4 (40%) are recommending HRT as a Buy, 2 (20%) are recommending HRT as a Hold, 0 (0%) are recommending HRT as a Sell, and 0 (0%) are recommending HRT as a Strong Sell.

5Is Dht Holdings A Good Investment?

The 10 analysts offering 12-month price forecasts for DHT Holdings Inc have a median target of 8.75, with a high estimate of 10.30 and a low estimate of 7.00. The median estimate represents a +11.89% increase from the last price of 7.82.

6What Does Dht Company Do?

DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway and Singapore.