Oil Tanker Rates Surge Threefold, But Longevity Is Uncertain.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Should l Buy DHT?
Source: Barron's
Rising Oil Prices: Oil prices have been increasing this year due to escalating geopolitical risks in regions such as Venezuela, Russia, and Iran.
Market Volatility: News headlines can cause significant fluctuations in crude oil prices, sometimes changing by several dollars within a single day.
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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: 14.230
Low
15.00
Averages
15.67
High
16.00
Current: 14.230
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.
Activist Investors Target Appian, Pearson, and Other Stocks
Increased Investments: There has been a notable rise in holdings across various sectors, indicating a growing confidence among investors.
Market Trends: The increase in holdings reflects broader market trends, suggesting potential economic recovery and stability.
See More
Oil Tanker Rates Surge Threefold, But Longevity Is Uncertain.
Rising Oil Prices: Oil prices have been increasing this year due to escalating geopolitical risks in regions such as Venezuela, Russia, and Iran.
Market Volatility: News headlines can cause significant fluctuations in crude oil prices, sometimes changing by several dollars within a single day.
See More
DHT Holdings Reports $66.1 Million Profit in Q4
- Quarterly Profit Performance: DHT Holdings reported a net profit of $66.1 million in Q4, translating to earnings of 41 cents per share, indicating strong performance in the tanker market and likely boosting investor confidence.
- Revenue Growth: The company achieved revenue of $144.2 million in Q4, with adjusted revenue at $118.1 million, reflecting enhanced competitiveness and operational efficiency, which may attract more investor interest.
- Annual Performance Review: For the full year 2022, DHT Holdings reported a net profit of $211.1 million, or $1.31 per share, with total revenue of $370.3 million, showcasing the company's sustained growth potential in the tanker industry.
- Market Outlook: With the recovery of global energy demand, DHT Holdings' robust financial performance may provide funding for future expansion and investments, further solidifying its position in the industry.
See More
DHT Holdings to Announce Q4 Earnings on February 4
- Earnings Announcement Schedule: DHT Holdings is set to release its Q4 2023 earnings report on February 4 after market close, with a consensus EPS estimate of $0.40, reflecting a 17.6% year-over-year increase, indicating sustained profitability that could positively impact stock prices.
- Revenue Growth Expectations: The consensus revenue estimate stands at $116.28 million, representing a 36.0% year-over-year growth, which highlights the company's strong performance in the shipping market and may attract increased investor interest.
- Performance Beat Record: Over the past year, DHT has beaten EPS estimates 75% of the time and revenue estimates 50% of the time, reinforcing market confidence in its financial health and future prospects.
- Estimate Revision Trends: In the last three months, both EPS and revenue estimates have seen two upward revisions with no downward adjustments, reflecting analysts' optimistic outlook on DHT's future performance, potentially driving stock price increases.
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
Activist Investors Target Appian, Pearson, and Other Stocks
Increased Investments: There has been a notable rise in holdings across various sectors, indicating a growing confidence among investors.
Market Trends: The increase in holdings reflects broader market trends, suggesting potential economic recovery and stability.
See More
Oil Tanker Rates Surge Threefold, But Longevity Is Uncertain.
Rising Oil Prices: Oil prices have been increasing this year due to escalating geopolitical risks in regions such as Venezuela, Russia, and Iran.
Market Volatility: News headlines can cause significant fluctuations in crude oil prices, sometimes changing by several dollars within a single day.
See More
DHT Holdings Reports $66.1 Million Profit in Q4
- Quarterly Profit Performance: DHT Holdings reported a net profit of $66.1 million in Q4, translating to earnings of 41 cents per share, indicating strong performance in the tanker market and likely boosting investor confidence.
- Revenue Growth: The company achieved revenue of $144.2 million in Q4, with adjusted revenue at $118.1 million, reflecting enhanced competitiveness and operational efficiency, which may attract more investor interest.
- Annual Performance Review: For the full year 2022, DHT Holdings reported a net profit of $211.1 million, or $1.31 per share, with total revenue of $370.3 million, showcasing the company's sustained growth potential in the tanker industry.
- Market Outlook: With the recovery of global energy demand, DHT Holdings' robust financial performance may provide funding for future expansion and investments, further solidifying its position in the industry.
See More
DHT Holdings to Announce Q4 Earnings on February 4
- Earnings Announcement Schedule: DHT Holdings is set to release its Q4 2023 earnings report on February 4 after market close, with a consensus EPS estimate of $0.40, reflecting a 17.6% year-over-year increase, indicating sustained profitability that could positively impact stock prices.
- Revenue Growth Expectations: The consensus revenue estimate stands at $116.28 million, representing a 36.0% year-over-year growth, which highlights the company's strong performance in the shipping market and may attract increased investor interest.
- Performance Beat Record: Over the past year, DHT has beaten EPS estimates 75% of the time and revenue estimates 50% of the time, reinforcing market confidence in its financial health and future prospects.
- Estimate Revision Trends: In the last three months, both EPS and revenue estimates have seen two upward revisions with no downward adjustments, reflecting analysts' optimistic outlook on DHT's future performance, potentially driving stock price increases.
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
