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The latest announcement is out from Performance Shipping ( (PSHG) ).
On May 27, 2025, Performance Shipping Inc. reported its financial results for the first quarter ended March 31, 2025. The company achieved a net income of $29.4 million, a significant increase from $11.4 million in the same period in 2024, despite a decrease in revenue to $21.3 million from $22.4 million. This was attributed to the sale of the vessel P. Yanbu and lower time-charter equivalent rates. The company completed the sale of its Aframax tanker, M/T P. Yanbu, for $39 million, resulting in a $19.5 million gain, and maintained a robust financial position with a cash balance of $108.3 million. The tanker market showed resilience despite a decline in charter rates, with Performance Shipping’s strategic fleet management and newbuild program supporting its strong performance.
The most recent analyst rating on (PSHG) stock is a Buy with a $5.00 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 Neutral.
Performance Shipping shows strong profitability and a solid balance sheet, which are key strengths. However, revenue decline and unclear cash flow data are notable risks. The stock’s valuation is attractive due to a low P/E ratio, but technical indicators present a mixed picture. Overall, despite some concerns, the stock is relatively well-positioned, with its valuation being a significant positive factor.
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 efficient vessel operations and a balanced fleet deployment strategy, primarily operating Aframax tanker vessels under voyage charters and pool arrangements.
Average Trading Volume: 44,991
Technical Sentiment Signal: Sell
Current Market Cap: $18.28M
Find detailed analytics on PSHG stock on TipRanks’ Stock Analysis page.