
DHT Holdings (DHT) Stock Forecast & Price Target
DHT Holdings (DHT) Analyst Ratings
Bulls say
DHT Holdings is poised for a favorable financial outlook due to strong demand in the VLCC segment, driven by increasing oil production in the Atlantic basin and potential bonuses from additional OPEC+ volumes. The company's bookings have improved significantly, with 74% of its 1Q spot days fixed at an average rate of $36,400 per day, reflecting a robust recovery from previous months. Furthermore, management's positive outlook is supported by anticipated geopolitical influences, heightened sanctions, and strong global demand for fossil fuels, positioning DHT favorably for sustained profitability.
Bears say
DHT Holdings faces significant uncertainty regarding its revenue generation, as fluctuations in oil volumes could lead to substantial variations in charter rates, negatively impacting profitability. The company's adjusted EBITDA figures have shown inconsistency, with a notable shortfall in one instance compared to market expectations, indicating potential operational challenges. Additionally, the correlation between higher interest rates and declining ship values poses a further risk to DHT Holdings, as maintaining asset value becomes increasingly difficult in a rising interest rate environment.
This aggregate rating is based on analysts' research of DHT Holdings and is not a guaranteed prediction by Public.com or investment advice.
DHT Holdings (DHT) Analyst Forecast & Price Prediction
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