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Performance Shipping ( (PSHG) ) just unveiled an update.
On June 17, 2025, Performance Shipping Inc. announced a long-term time charter contract with Mercuria Energy Trading S.A. for its LR1 newbuilding tanker, scheduled for delivery in early 2027. The contract, set at a daily gross rate of US$23,750, spans four years with options for extension, enhancing the company’s revenue visibility and stability. This agreement is expected to generate earnings above the vessel’s free cash flow breakeven level, increasing the fleetwide secured revenue backlog by approximately US$35 million, thereby strengthening the company’s market positioning and reducing cash flow breakeven rates.
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’s strong profitability and solid valuation are key strengths, though caution is advised due to declining revenue, unclear cash flow, and potential overbought technical conditions.
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 employs its fleet on spot voyages, through pool arrangements, and on time charters.
Average Trading Volume: 64,689
Technical Sentiment Signal: Hold
Current Market Cap: $26.23M
Find detailed analytics on PSHG stock on TipRanks’ Stock Analysis page.