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DHT is looking right in the eyes of a |
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Released on Friday, October 7, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - DHT Holdings, Inc. (NYSE:DHT) is a low priced stock, at $1.80 per share (4:00 PM EDT 10/6)—up 0.16¢ (16.25%) from yesterday’s close—that is backed by a financially stable company. DHT has a current ratio of 3.87 and an acid test ratio of 3.517. The company runs a fleet of 12 double-hull oil tankers and expanding--rapidly.
But let’s take a technical look at the firm. Right across the board DHT has shown a bearish transition over the past few months, in fact since late April the stock has lost more than half its value. But now the company’s stock has recently been oversold, according to RSI and stochastic indicators, and earlier today the company shot below the lower standard deviation of the Bollinger bands, leading to an end-of-the-day jump to its current trading price, and making a short-term bullish divergence in the MACD analysis.
But even if the company’s technicals don’t tease your pocket book, the fundamentals might. For example, DHT’s market capitalization is around $115 million making it a micro-cap company, while their total enterprise value is $338 million. That’s right DHT is currently selling at approximately a 64% discount of unrealized value! Furthermore, the company has an approximate P/E of 5.27 with an expected forward P/E of 10.67, and the stocks book value per share is set at $4.07.
Still not ready to shell out for DHT stock? Well consider this, DHT pays a quarterly dividend annually yielding their investors 19.60 to 19.70%. Selling at a possible discount, stable foundations, and dividends, what’s not to love about this oil-shipment company?
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