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Stock Market & Financial Investment News

News Breaks
April 2, 2012
06:28 EDTDHTDHT Holdings commences backstopped equity offering to stockholders
DHT Holdings announced that it has commenced its previously announced backstopped equity offering of shares of the company's common stock and preferred stock. Pursuant to the backstopped equity offering, DHT will offer 51,785,800 shares of common stock and 258,929 shares of preferred stock only to holders of record of its common stock as of the close of business on March 29. As soon as practicable, the company will commence the mailing of an offering subscription package to Record Date Holders. DHT intends to raise gross proceeds of $72.5Mn through the backstopped equity offering and use the proceeds to prepay certain debt under its existing credit facilities and provide it with the capital to pursue vessel acquisition and other growth opportunities.
News For DHT From The Last 14 Days
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October 30, 2014
14:22 EDTDHTDHT Holdings files to sell $150M of convertible senior notes due 2019
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October 17, 2014
10:00 EDTDHTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
06:55 EDTDHTDHT Holdings upgraded to Buy from Hold at Evercore
As previously reported, Evercore upgraded DHT Holdings to Buy from Hold. The firm believes DHT is well positioned to benefit from an improving crude tanker market following recent fleet expansion and vies the pullback in shares as a buying opportunity. Price target is $8.
06:09 EDTDHTDHT Holdings upgraded to Buy from Hold at Evercore
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