Should You Go For This Small Cap Stock-DHT

Acrobull UK Advisory Services Ltd.

November 18

2024

Name	Ticker	Sector/Industry	Market Cap	Risk Factor
DHT Holdings, Inc.	DHT-NYSE	Energy	$1.687 Billion	Medium

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers.

Recent Highlights

Strong Points- DHT Holdings Inc (NYSE:DHT) has a good balance sheet, with a low 17.6% leverage and $264 million in liquidity.

The company had a strong financial performance in the third quarter of 2024, with revenues of $92.6 million and EBITDA of $70.4 million.

DHT Holdings Inc (NYSE:DHT) issued a quarterly cash dividend of $0.22 per share, its 59th consecutive quarterly dividend.

Third Quarter 2024 Financial Highlights

In the third quarter of 2024, the Company earned an average combined time charter equivalent of $42,400 per day, which included $43,700 per day for VLCCs operating in the spot market and $38,800 per day for VLCCs on time charter. The quarter's average spot rate for vessels under 15 years old was $47,600 per day.

Adjusted EBITDA in the third quarter of 2024 was $70.4 million. Net profit for the quarter was $35.2 million, or $0.22 per basic share.

The Company signed into a one-year time charter contract on DHT Lion, which was built in 2016. The vessel was delivered at the end of the third quarter under a time charter contract with a daily rate of $55,000.

In the third quarter of 2024, the Company paid $25.8 million in installments for its newbuilding program. The Company has spent $77.3 million on its newbuilding projects.

Stock Observation- The company earnings have excellent and reported positive results in almost every segment of the financials. The RSI level for the stock is at 46 which shows close to oversold conditions. Investors looking for a safe stock which minimum gains may choose to invest in it.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull UK maintains Buy Rating for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$10.45 USD
Acrobull Recommendation	Buy at $10.10 USD
Target Price	$11.20 USD
RSI Level	14 Day RSI 46
Total Shares Outstanding	161.46 Million
Shares held by Insiders Risk Factor Stop Loss	13.82% Medium 5%