DHT Holdings Downgraded to Hold Amid Lower Earnings Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy DHT?
Source: seekingalpha
- Rating Downgrade: ABG Sundal Collier downgraded DHT Holdings from Buy to Hold with a price target of $14.30, anticipating lower earnings primarily due to the recent sale of DHT Bauhinia for $51.5 million.
- Revenue Expectations Missed: DHT reported that 66% of available revenue days for Q1 were booked at an average day rate of $51,500, failing to meet market expectations and leading to a pessimistic outlook for future revenues.
- EBITDA Forecast Reduction: Analysts lowered their Q1 EBITDA projection by 14% to $110 million, reflecting reduced earnings capacity and disappointing Q1 2026 bookings, with revised EBITDA forecasts of $460 million for FY 2026 and $426 million for FY 2027.
- Market Reaction: DHT Holdings saw a 0.6% decline in Tuesday's trading, indicating investor concerns over the company's future profitability, particularly amid volatility in the tanker market.
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Analyst Views on DHT
Wall Street analysts forecast DHT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DHT is 15.67 USD with a low forecast of 15.00 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 14.350
Low
15.00
Averages
15.67
High
16.00
Current: 14.350
Low
15.00
Averages
15.67
High
16.00
About DHT
DHT Holdings, Inc. is an independent crude oil tanker company. Its primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. Its fleet trades internationally and consists of crude oil tankers in the Very Large Crude Carriers (VLCC) segment. The Company operates its vessels through its subsidiary management companies in Monaco, Norway, Singapore, and India. Its principal activity is the ownership and operation of a fleet of crude oil carriers. Its fleet consisted of approximately 23 VLCC crude oil tankers. The fleet operates globally on international routes. The Company's fleet comprises DHT Addax, DHT Antelope, DHT Gazelle, DHT Impala, DHT Appaloosa, DHT Mustang, DHT Bronco, DHT Colt, DHT Stallion, DHT Tiger, DHT Puma, DHT Panther, DHT Osprey, DHT Leopard, DHT Jaguar, DHT Taiga, DHT Sundarbans, and DHT Scandinavia, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
DHT Holdings Downgraded to Hold Amid Lower Earnings Outlook
- Rating Downgrade: ABG Sundal Collier downgraded DHT Holdings from Buy to Hold with a price target of $14.30, anticipating lower earnings primarily due to the recent sale of DHT Bauhinia for $51.5 million.
- Revenue Expectations Missed: DHT reported that 66% of available revenue days for Q1 were booked at an average day rate of $51,500, failing to meet market expectations and leading to a pessimistic outlook for future revenues.
- EBITDA Forecast Reduction: Analysts lowered their Q1 EBITDA projection by 14% to $110 million, reflecting reduced earnings capacity and disappointing Q1 2026 bookings, with revised EBITDA forecasts of $460 million for FY 2026 and $426 million for FY 2027.
- Market Reaction: DHT Holdings saw a 0.6% decline in Tuesday's trading, indicating investor concerns over the company's future profitability, particularly amid volatility in the tanker market.
See More
DHT Holdings Sells DHT Bauhinia for $51.5M
- Significant Transaction Value: DHT Holdings has entered into an agreement to sell the DHT Bauhinia, built in 2007, for $51.5 million, with delivery expected in June/July 2026, reflecting the company's strong market position.
- Debt-Free Advantage: The vessel is debt-free at the time of sale, allowing the company to achieve greater financial flexibility in the transaction, thereby enhancing its capital management capabilities.
- Expected Gain Increase: The company anticipates recording a gain of $34.2 million from this sale, which will further bolster its financial performance and provide funding for future investments.
- Positive Market Reaction: DHT Holdings has seen its stock surge recently due to U.S. control over Venezuelan oil exports, indicating market recognition of the company's strategic fleet composition, which is expected to enhance its competitiveness in the tanker market.
See More
DHT Holdings Analyzes Dividend History, Anticipates 5.2% Annual Yield
- Dividend Yield Expectation: DHT Holdings' recent dividend history indicates a potential annualized yield of 5.2%, providing investors with a stable income expectation amidst the company's profitability fluctuations.
- Volatility Analysis: With a trailing twelve-month volatility of 33% calculated from the last 251 trading days, DHT's stock price shows significant fluctuations, prompting investors to carefully assess the risk-reward balance.
- Options Trading Dynamics: On Friday, the put volume among S&P 500 components reached 1.53 million contracts, while call volume was 2.57 million, indicating a preference for call options, which may reflect market optimism regarding DHT's stock price increase.
- Options Strategy Recommendation: Given DHT's current price of $13.74, investors considering selling covered calls at the $15 strike must weigh the risks and rewards, necessitating a thorough fundamental analysis for informed decision-making.
See More
DHT Holdings to Release Q4 2025 Results on February 4, 2026
- Earnings Release Schedule: DHT Holdings will release its Q4 2025 results after market close on February 4, 2026, providing investors with critical financial data and operational performance insights.
- Conference Call Details: The company will host a conference call on February 5, 2026, at 8:00 a.m. EST to discuss the results, including a slide presentation to enhance clarity of information.
- Registration Requirement: Investors wishing to participate in the call must register in advance, after which they will receive dial-in numbers and a personal PIN to ensure smooth access to the meeting.
- Recording Availability: The audio recording and presentation slides will be accessible until February 12, 2026, allowing investors who cannot attend live to obtain the information.
See More
DHT Holdings Reports Q4 2025 Average Earnings of $60,300 Per Day
- Q4 Earnings Estimate: DHT Holdings estimates its time charter equivalent earnings for Q4 2025 at $60,300 per day, with VLCCs in the spot market earning $69,500 and those on time charter earning $49,400, indicating the company's resilience amid market fluctuations.
- Q1 2026 Booking Status: As of Q1 2026, DHT has booked 45% of available spot days at an average rate of $66,300 per day, while 66% of total revenue days have been booked at an average rate of $51,500, reflecting a rebound in market demand.
- Time Charter Extension: DHT has extended its time charter agreement for the DHT Harrier with a global energy company for five years at a daily rate of $47,500, with options for the first and second years at $49,000 and $50,000 respectively, enhancing predictability of future earnings.
- Market Outlook: CEO Svein Moxnes Harfjeld noted that despite a dip in the spot market at the end of Q4, the market balance is tight and expected to tighten further, reflecting increased demand for time charter contracts and showcasing the company's optimistic outlook for future market conditions.
See More
DHT Holdings Reports Q4 2025 Average Earnings of $60,300 Per Day
- Q4 Earnings Estimate: DHT Holdings estimates its time charter equivalent earnings for Q4 2025 at $60,300 per day, with VLCCs in the spot market earning $69,500 and those on time charter earning $49,400, reflecting the company's resilience amid market fluctuations.
- First Quarter Spot Booking: As of Q1 2026, DHT has booked 45% of available spot days at an average rate of $66,300 per day, while 66% of total available revenue days have been booked at an average rate of $51,500, indicating a rebound in market demand.
- Time Charter Extension: DHT has extended its time charter agreement for the DHT Harrier with a global energy company for five years at a daily rate of $47,500, with options for the first and second years at $49,000 and $50,000 respectively, enhancing revenue stability.
- Market Outlook: CEO Svein Moxnes Harfjeld noted that despite a dip in the spot market at the end of Q4, increasing demand for time charters suggests a tightening market balance, indicating potential for future profitability.
See More
DHT Holdings Downgraded to Hold Amid Lower Earnings Outlook
- Rating Downgrade: ABG Sundal Collier downgraded DHT Holdings from Buy to Hold with a price target of $14.30, anticipating lower earnings primarily due to the recent sale of DHT Bauhinia for $51.5 million.
- Revenue Expectations Missed: DHT reported that 66% of available revenue days for Q1 were booked at an average day rate of $51,500, failing to meet market expectations and leading to a pessimistic outlook for future revenues.
- EBITDA Forecast Reduction: Analysts lowered their Q1 EBITDA projection by 14% to $110 million, reflecting reduced earnings capacity and disappointing Q1 2026 bookings, with revised EBITDA forecasts of $460 million for FY 2026 and $426 million for FY 2027.
- Market Reaction: DHT Holdings saw a 0.6% decline in Tuesday's trading, indicating investor concerns over the company's future profitability, particularly amid volatility in the tanker market.
See More
DHT Holdings Sells DHT Bauhinia for $51.5M
- Significant Transaction Value: DHT Holdings has entered into an agreement to sell the DHT Bauhinia, built in 2007, for $51.5 million, with delivery expected in June/July 2026, reflecting the company's strong market position.
- Debt-Free Advantage: The vessel is debt-free at the time of sale, allowing the company to achieve greater financial flexibility in the transaction, thereby enhancing its capital management capabilities.
- Expected Gain Increase: The company anticipates recording a gain of $34.2 million from this sale, which will further bolster its financial performance and provide funding for future investments.
- Positive Market Reaction: DHT Holdings has seen its stock surge recently due to U.S. control over Venezuelan oil exports, indicating market recognition of the company's strategic fleet composition, which is expected to enhance its competitiveness in the tanker market.
See More
DHT Holdings Analyzes Dividend History, Anticipates 5.2% Annual Yield
- Dividend Yield Expectation: DHT Holdings' recent dividend history indicates a potential annualized yield of 5.2%, providing investors with a stable income expectation amidst the company's profitability fluctuations.
- Volatility Analysis: With a trailing twelve-month volatility of 33% calculated from the last 251 trading days, DHT's stock price shows significant fluctuations, prompting investors to carefully assess the risk-reward balance.
- Options Trading Dynamics: On Friday, the put volume among S&P 500 components reached 1.53 million contracts, while call volume was 2.57 million, indicating a preference for call options, which may reflect market optimism regarding DHT's stock price increase.
- Options Strategy Recommendation: Given DHT's current price of $13.74, investors considering selling covered calls at the $15 strike must weigh the risks and rewards, necessitating a thorough fundamental analysis for informed decision-making.
See More
DHT Holdings to Release Q4 2025 Results on February 4, 2026
- Earnings Release Schedule: DHT Holdings will release its Q4 2025 results after market close on February 4, 2026, providing investors with critical financial data and operational performance insights.
- Conference Call Details: The company will host a conference call on February 5, 2026, at 8:00 a.m. EST to discuss the results, including a slide presentation to enhance clarity of information.
- Registration Requirement: Investors wishing to participate in the call must register in advance, after which they will receive dial-in numbers and a personal PIN to ensure smooth access to the meeting.
- Recording Availability: The audio recording and presentation slides will be accessible until February 12, 2026, allowing investors who cannot attend live to obtain the information.
See More
DHT Holdings Reports Q4 2025 Average Earnings of $60,300 Per Day
- Q4 Earnings Estimate: DHT Holdings estimates its time charter equivalent earnings for Q4 2025 at $60,300 per day, with VLCCs in the spot market earning $69,500 and those on time charter earning $49,400, indicating the company's resilience amid market fluctuations.
- Q1 2026 Booking Status: As of Q1 2026, DHT has booked 45% of available spot days at an average rate of $66,300 per day, while 66% of total revenue days have been booked at an average rate of $51,500, reflecting a rebound in market demand.
- Time Charter Extension: DHT has extended its time charter agreement for the DHT Harrier with a global energy company for five years at a daily rate of $47,500, with options for the first and second years at $49,000 and $50,000 respectively, enhancing predictability of future earnings.
- Market Outlook: CEO Svein Moxnes Harfjeld noted that despite a dip in the spot market at the end of Q4, the market balance is tight and expected to tighten further, reflecting increased demand for time charter contracts and showcasing the company's optimistic outlook for future market conditions.
See More
DHT Holdings Reports Q4 2025 Average Earnings of $60,300 Per Day
- Q4 Earnings Estimate: DHT Holdings estimates its time charter equivalent earnings for Q4 2025 at $60,300 per day, with VLCCs in the spot market earning $69,500 and those on time charter earning $49,400, reflecting the company's resilience amid market fluctuations.
- First Quarter Spot Booking: As of Q1 2026, DHT has booked 45% of available spot days at an average rate of $66,300 per day, while 66% of total available revenue days have been booked at an average rate of $51,500, indicating a rebound in market demand.
- Time Charter Extension: DHT has extended its time charter agreement for the DHT Harrier with a global energy company for five years at a daily rate of $47,500, with options for the first and second years at $49,000 and $50,000 respectively, enhancing revenue stability.
- Market Outlook: CEO Svein Moxnes Harfjeld noted that despite a dip in the spot market at the end of Q4, increasing demand for time charters suggests a tightening market balance, indicating potential for future profitability.
See More
