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Highlights

  • DHT acquires 2018-built VLCC for USD107 million, delivery expected in Q3 2025
  • Analysts forecast a 21.04% upside, with target prices ranging from USD13.30 to USD16.00
  • Brokerage consensus holds "Outperform" rating with a 1.6 average recommendation score

DHT Holdings Inc. (NYSE: DHT) continues to draw attention from analysts following its recent move to enhance its shipping fleet. Raymond James and other brokerages have reaffirmed an "Outperform" rating on the oil tanker company, aligning with an average analyst recommendation score of 1.6. The score, based on a 1-to-5 scale (with 1 indicating a "Strong Buy"), reflects confidence in the company’s operational positioning while acknowledging sectoral challenges and valuation constraints.

The company recently announced the acquisition of a Very Large Crude Carrier (VLCC) built in 2018 by Hyundai Heavy Industries. The purchase, valued at USD107 million, will be financed through a combination of existing cash and expected mortgage debt. Scheduled for delivery in the third quarter of 2025, the vessel is expected to enhance the company’s operational capabilities and reduce the average age of its fleet.

Market response has been moderate, with DHT Holdings shares currently trading at USD11.98. Analysts, however, provide a one-year average price target of USD14.50, representing a potential 21.04% upside. Price forecasts range between a low of USD13.30 and a high of USD16.00, suggesting a cautiously optimistic outlook as the company navigates fleet modernization and market conditions in the crude tanker segment.

While the new vessel may improve fuel efficiency and cost management over time, the shipping industry remains subject to volatility from global demand cycles, regulatory changes, and freight rate fluctuations. Nonetheless, brokerage firms, including Raymond James, continue to view DHT as well-positioned within its niche, backing the “Outperform” consensus.

Investors following DHT Holdings will likely keep a close eye on the timing of the vessel’s delivery and any subsequent impact on the company’s financial performance. The firm's ability to manage capital allocation amid fleet upgrades will also be a key area for evaluation over the next 12 to 18 months.