DHT Holdings and C3.ai shares rise on separate company updates

what happened

Stock Story reported that shares of crude tanker operator DHT Holdings gained 4.3% in pre-market trading after the company updated its fleet earnings figures for the third quarter of 2026. Spot VLCCs averaged $167,100 per day, while time-chartered ships earned $114,200 across 2,055 revenue days, including 1,054 spot days. About 50% of available spot days for the fourth quarter has already been booked at an average $509,100 per day on a discharge-to-discharge basis. Around 78% of all fourth-quarter revenue days are secured at an estimated average of $225,200 per day.

Time charter equivalent rates are a central measure of tanker-fleet profitability and operating cash flow. DHT Holdings has been relatively stable, recording only nine moves above 5% during the past year. Four days earlier, the stock rose 4.3% after a tanker attack in the Gulf slowed traffic through the strait and hurricane-related shutdowns halted Gulf of Mexico production. The Financial Times linked the developments to the traffic disruption, while CNBC reported Brent above $104 per barrel and West Texas Intermediate at $92. DHT Holdings is up 123% since the start of the year; at $26.22, the shares reached a new 52-week high. A $1,000 investment made five years ago would now be worth $4,065.

Stock Story also said C3.ai shares rose 4.4% before the market opened after Northland moved its rating from Market Perform to Outperform and lifted its target from $10 to $16. Analyst Mike Latimore indicated approximately 39% upside from the previous close; StreetInsider and Investing.com covered the research. Latimore identified C3 Code as a potential growth engine that could reduce the time needed to build agentic AI applications from months to days. The platform lets non-technical users create and deploy enterprise applications with natural-language prompts, while autonomous agents handle execution on C3’s underlying data architecture.

The upgrade ran against cautious consensus after C3.ai’s revenue fell 25% year over year to $52.4 million in its first fiscal quarter. Latimore pointed to early customer engagement through the C3 Accelerator program, whose first event involved 46 companies, and to operational stabilization after founder and CEO Thomas Siebel returned in May. C3.ai remains highly volatile, with 34 moves above 5% over the past year. Three days earlier, the shares gained 2.6% as technology stocks rebounded from a sell-off driven by concerns about AI revenue expansion. C3.ai is down 10.7% year to date and trades at $12.28, 36.6% below its October 2025 52-week high of $19.37. A $1,000 investment from five years ago would now be worth $272.71.

why it matters

DHT’s contracted tanker rates provide greater fourth-quarter revenue visibility, while Northland’s call offers support for C3.ai despite declining sales and substantial share-price volatility.

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