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Performance Shipping ( (PSHG) ) has provided an update.
On January 13, 2026, Performance Shipping Inc. announced it had successfully executed a USD 50 million tap issue to its existing senior secured bond maturing July 17, 2029, increasing the total outstanding amount under the bond to USD 150 million. The new tranche, initiated via reverse inquiry and priced at 103% of par with a 9.875% fixed annual coupon paid semi-annually, is expected to close on January 26, 2026, with net proceeds earmarked for general corporate purposes, underscoring the company’s continued access to institutional debt markets and providing additional financial flexibility for its tanker-focused operations.
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., based in Athens and listed on Nasdaq, is a global provider of shipping transportation services specializing in the ownership of tanker vessels. The company deploys its fleet on spot voyages, through pool arrangements, and via time charters, serving the international seaborne transportation market for petroleum and related products.
Average Trading Volume: 135,190
Technical Sentiment Signal: Sell
Current Market Cap: $25.36M
Find detailed analytics on PSHG stock on TipRanks’ Stock Analysis page.