$285 million, 10.3%, and 0.163: One of These Numbers Is the Real Reason This Energy Stock Is a Screaming Buy Right Now.
DHT Holdings is an independent crude oil tanker company with a high dividend that is reporting record earnings.
Overview
DHT Holdings (NYSE: DHT) is an independent crude oil tanker company operating very large crude carriers (VLCCs). It has a fleet of 23 VLCCs and is reporting record profits amid upheaval in the crude tanker market from various global conflicts.
There are three key numbers that make the energy stock an attractive buy. It reported $285.5 million in revenue in the second quarter. Another key number is the company's 10.3% dividend yield, and the last key number is its 0.163 debt-to-equity ratio.
While all three numbers are significant, the one I'm paying the most attention to is its debt-to-equity ratio. Here's what makes this number significant.
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Originally published at www.fool.com.