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Performance Shipping ( (PSHG) ) just unveiled an announcement.
On December 5, 2025, Performance Shipping Inc. announced that the potential forward sale of their Aframax tanker, M/T P. Sophia, will not proceed. Initially, an agreement was made with a third party for the conversion of the vessel into a Floating Production Storage and Offloading unit for an offshore project. However, the vessel was not selected for the project, leading to the lapse of the agreement. This decision means the M/T P. Sophia will remain part of Performance Shipping’s operational fleet, potentially affecting the company’s strategic plans and market positioning.
The most recent analyst rating on (PSHG) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Performance Shipping stock, see the PSHG Stock Forecast page.
Spark’s Take on PSHG Stock
According to Spark, TipRanks’ AI Analyst, PSHG is a Outperform.
Performance Shipping’s stock is supported by strong valuation metrics and positive technical indicators. However, financial performance is mixed due to revenue decline and unclear cash flow data, which slightly dampens the overall score.
To see Spark’s full report on PSHG stock, click here.
More about Performance Shipping
Performance Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership of tanker vessels. The company operates its fleet on spot voyages, through pool arrangements, and on time charters.
Average Trading Volume: 136,167
Technical Sentiment Signal: Hold
Current Market Cap: $31.7M
For detailed information about PSHG stock, go to TipRanks’ Stock Analysis page.