DHT, MHY2065G1219

BTIG raises target for DHT Holdings stock from USD 23.00 to USD 28.00

Published on 10/06/2026 at 15:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DHT Holdings posted USD 285.0 million revenue in Q2 2026, up 96 percent year over year. DHT Holdings stock was at EUR 21.22 on October 6, 2026.

DHT, MHY2065G1219, Illustration mit AI erstellt.

DHT Holdings stock was trading at EUR 21.22 at Lang & Schwarz on October 6, 2026, at 3:04 p.m. CEST. The latest analyst action came on September 18, 2026, when BTIG Research raised its target from USD 23.00 to USD 28.00 and maintained a Buy rating, as MarketBeat reported.

BTIG lifts target to USD 28.00

The change puts BTIG's target USD 5.00 above its previous USD 23.00 target. MarketBeat also cited a consensus Moderate Buy rating and an average target of USD 21.00, giving the analyst revision a more constructive profile than the broader target average.

The target increase followed DHT's second-quarter performance. The analyst action and the earnings figures point to a market debate centered on tanker rates, route economics and how long elevated profitability can persist.

Q2 revenue rises 96 percent

DHT reported USD 285.0 million of revenue in the second quarter of 2026, up 96 percent from the second quarter of 2025. Net income reached USD 198.3 million, up 254 percent year over year, while earnings per share came to USD 1.23 versus USD 0.35 in the prior-year quarter, according to Simply Wall St.

That comparison matters because the earnings expansion is much faster than the revenue increase. It also leaves DHT exposed to the operating cycle: a tanker company can benefit rapidly from stronger rates, but the same exposure can reverse when charter pricing softens.

Charter adds rate visibility

On September 14, 2026, DHT announced a three-year time charter for the 2016-built VLCC DHT Panther at USD 100,000 per day with a global energy company. The contract is expected to start in October 2026, MarketScreener reported.

The charter gives one vessel a defined revenue rate while the wider fleet remains tied to a mix of voyage and time-charter exposure. For investors, the key tension is visible in the numbers: Q2 net income reached USD 198.3 million, while the latest contract provides USD 100,000 per day for one ship.

Stock trades near yearly high

DHT's market capitalization was USD 3.8 billion as of October 5, 2026. Its 52-week range was USD 10.83 to USD 24.98, while the Lang & Schwarz euro quotation stood at EUR 21.22 on October 6, 2026 at 3:04 p.m. CEST.