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Performance Shipping ( (PSHG) ) has provided an announcement.
On July 2, 2025, Performance Shipping Inc. announced the successful placement of a $100 million bond offering in the Nordic bond market. The bonds, which mature in July 2029 with a fixed coupon of 9.875% per annum, are secured by first priority mortgages on the company’s two oldest tanker vessels. The proceeds are intended for tanker acquisitions or bond repurchases, potentially impacting the company’s operational capacity and financial strategy.
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 Outperform.
Performance Shipping has a strong financial foundation with excellent profitability and balance sheet metrics. Despite declining revenue and missing cash flow data, the stock benefits from a positive technical outlook and an attractive valuation with a low P/E ratio, suggesting room for appreciation. However, the lack of additional insights from earnings calls and corporate events limits a comprehensive assessment.
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 tanker vessels. The company operates its fleet on spot voyages, through pool arrangements, and on time charters.
Average Trading Volume: 100,052
Technical Sentiment Signal: Sell
Current Market Cap: $21.13M
See more data about PSHG stock on TipRanks’ Stock Analysis page.