DHT Holdings, Inc. (NYSE:DHT) stock traded higher in Monday’s premarket session after the company issued a business update showing strong fourth-quarter booking rates.
Q4 Spot Rates Hit $509,100
DHT said it has booked about 50% of its available fourth-quarter 2026 spot days at an average rate of $509,100 per day.
Including spot and time-charter days, the company has booked about 78% of available fourth-quarter revenue days at an estimated average rate of $225,200 per day.
For the third quarter, DHT estimates fleetwide time charter equivalent earnings of $141,300 per day across 2,055 revenue days.
Its VLCCs operating in the spot market generated estimated TCE earnings of $167,100 per day, while vessels on time charter averaged $114,200 per day. Of the quarter’s 2,055 revenue days, 1,054 were spot days.
DHT Technical Outlook
At $25.78, DHT traded 12.9% above its 20-day SMA of $22.84 and 44.5% above its 200-day SMA of $17.84, reflecting strong price momentum.
The 20-day SMA remains above the 50-day SMA, which is above the 200-day SMA, supporting the broader uptrend.
RSI stood at 71.16, indicating overbought conditions and raising the risk of near-term consolidation or a pullback.
- Key Support: $20.50, a level to watch if momentum cools
See More: Top Value Stocks
Earnings and Analyst Outlook
DHT’s next earnings report is estimated for Oct. 28, 2026, giving investors another look at whether stronger tanker rates are translating into higher earnings and revenue.
- EPS Estimate: 99 cents, versus 28 cents a year earlier
- Revenue Estimate: $216.27 million, versus $79.10 million a year earlier
- P/E: 8.4x
The stock carries a Buy consensus rating with an average price target of $23.50. Recent analyst actions have been mixed.
BTIG maintained a Buy rating and raised its price target to $28 on Sept. 18. Evercore ISI Group downgraded the stock to In-Line and lowered its target to $19 on April 22, while BTIG raised its target to $23 with a Buy rating the same day.
How DHT Ranks on Momentum, Value and Growth
The Benzinga Edge scorecard shows DHT scoring strongest on momentum, with growth also screening positively:
- Momentum: Bullish (96.61) — reflects strong recent relative price performance
- Value: Neutral (68.14) — suggests a more balanced valuation profile
- Growth: Bullish (76.16) — points to relatively stronger growth characteristics
Overall, the scorecard highlights momentum and growth as DHT’s stronger factors, while its value score remains more moderate.
DHT ETF Exposure
DHT is held by several ETFs, giving the stock some exposure to passive fund flows:
- Bushido Capital US SMID Cap Equity ETF (NASDAQ): 1.36%
- Invesco Oil and Gas Services ETF (ARCA): 3.33%
- US Global Sea to Sky Cargo ETF (ARCA): 5.34%
Flows into or out of these funds can contribute to buying or selling activity in DHT, particularly where the stock carries a larger weighting.
DHT Stock Price Action in Premarket Trading
DHT Price Action: DHT Holdings shares were up 4.30% at $25.70 during premarket trading on Monday. The stock is trading at a new 52-week high, according to Benzinga Pro data.
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