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Performance Shipping ( (PSHG) ) has provided an update.
Performance Shipping Inc. reported a net income of $3.9 million for the third quarter of 2025, a decrease from $12.4 million in the same period of 2024, due to lower time-charter equivalent rates and reduced available days from vessel drydocking. Despite this, the company achieved significant milestones, including securing new time-charter agreements and acquiring two modern Suezmax tankers, enhancing its fleet capacity and reducing the average fleet age. These strategic moves, supported by a $100 million Nordic bond issuance, position the company for future growth in a firm tanker market, driven by geopolitical disruptions and increased global demand.
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 shipping company based in Athens, Greece, specializing in the ownership of tanker vessels. The company focuses on the transportation of oil and related products, operating within the maritime shipping industry.
Average Trading Volume: 129,152
Technical Sentiment Signal: Hold
Current Market Cap: $29.71M
Find detailed analytics on PSHG stock on TipRanks’ Stock Analysis page.