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DHT Stock Pops as Q2 Results Surpass Expectations

NEW YORK (TheStreet) -- Shares of DHT (DHT) were climbing 6.77% to $5.12 on heavy trading volume midday Wednesday after the company posted solid results for the 2016 second quarter.

After yesterday's closing bell, the Bermuda-based oil tanker company reported earnings of 34 cents per share, exceeding analysts' estimates of 30 cents per share.

Revenue for the quarter was $83.2 million, higher than Wall Street's projections of $82.4 million.

About 3.73 million of the company's shares...