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DHT Holdings Inc

DHT Holdings Inc

DHT
$17.41USD↓-2.41%-0.43 today

MARKET CAP

2.8B

P/E (TTM)

11.9x

FWD P/E

8.5x

DAY RANGE

$17 – $18

52W RANGE

$11
$21

AI Summary

Stalk
StalkMedium

DHT remains in a Stage 2 corrective reset within a broader uptrend. Medium-term directional bias is bullish, supported by price holding above the 9- and 21-day EMAs and flattening rising volume patterns. Short-term timing is neutral as price oscillates around the EMAs without clear continuation or rejection. Best engagement comes on pullbacks into the rising EMA zone, while a decisive break below the 21-day EMA and 50-day SMA would invalidate this stance.

  • ↑Q1 2026 revenue $157M and net income $164.5M ($1.02 EPS).
  • ↑Generated $133M in adjusted EBITDA, supporting dividends and capex.
  • ↓Freight rates may tumble amid Middle East geopolitical tensions.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

DHT Holdings Inc. (NYSE: DHT) operates as a leader in the maritime transportation sector, primarily focusing on the transportation of crude oil via its fleet of Very Large Crude Carriers (VLCCs). The company positions itself strategically to capitalize on the recovering demand in the crude oil sector while navigating complexities related to geopolitical tensions and the aging fleet dynamics. As a prominent player in the maritime shipping segment, DHT benefits from its modernized fleet and a disciplined approach towards managing operational costs and capital structure, contributing to its strong market presence.

Bull says

  • ↑Q1 2026 revenue $157M and net income $164.5M ($1.02 EPS).
  • ↑Generated $133M in adjusted EBITDA, supporting dividends and capex.
  • ↑Delivered three new VLCCs, enhancing operational efficiency.
  • ↑Declared 65th consecutive quarterly dividend of $0.64/sh (3.16% yield).
  • ↑Analysts see ~50% undervaluation and high earnings yield signals upside.
  • ↑High profitability and growth metrics underpinned by robust free cash flow.

Bear says

  • ↓Freight rates may tumble amid Middle East geopolitical tensions.
  • ↓Many vessels >15 years old, risking charter rate declines.
  • ↓Aggregators control ~25% of the fleet, pressuring charter rates.
  • ↓Smaller scale vs peers and low book-to-price ratio hinder upside.
  • ↓Performance highly sensitive to oil price swings and supply-demand shifts.
  • ↓Aging fleet and rising competition may compress future margins.

Investment themes with DHT

Tankers↑ +1.73%

Companies operating oil and chemical tanker ships

ZIM · MATX · SBLK

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-09-2026bullish

Transcript signals

Bull points

  • In the first quarter of 2026, we achieved revenues on TCE basis of 157 million and adjusted EBITDA of 133 million. Net income came in at 164.5 million, equal to $1.02 per share.
  • Current availability under our two RCFs stands at 285.8 million. At quarter end, financial leverage was 16.8% based on market values for the fleet, and net debt was 16.5 million per vessel, which is well below estimated residual values.
  • In line with our capital allocation policy of paying out 100% of ordinary net income as quarterly cash dividends, the Board has approved a dividend of 64 cents per share for the first quarter of 2026. This marks our 65th consecutive quarterly cash dividend.

Bear points

  • I think we need to see a high level of credibility to a resolution to the conflict and that we can expect whatever agreements that will be put in place will last.
  • That will take a while. We believe there are some 57 VSTCs inside the Gulf with cargo that is waiting to exit. Plus, there are a lot of other ship types, not only tankers, but also inside that are waiting to resume operations.
Read full transcript analysis ›