Performance Shipping Inc. (PSHG)

NASDAQ: PSHG · Real-Time Price · USD
1.790
-0.020 (-1.10%)
At close: Jun 27, 2025, 4:00 PM
1.780
-0.010 (-0.56%)
After-hours: Jun 27, 2025, 5:43 PM EDT
-1.10%
Market Cap 22.25M
Revenue (ttm) 86.41M
Net Income (ttm) 59.90M
Shares Out 12.43M
EPS (ttm) 1.58
PE Ratio 1.15
Forward PE 1.64
Dividend n/a
Ex-Dividend Date n/a
Volume 59,266
Open 1.820
Previous Close 1.810
Day's Range 1.790 - 1.820
52-Week Range 1.305 - 2.340
Beta -0.08
Analysts Strong Buy
Price Target 6.50 (+263.13%)
Earnings Date Jul 24, 2025

About PSHG

Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2024, it operated through a fleet of six Aframax tanker vessels with a combined carrying capacity of 630,519 DWT. The company was incorporated in 2010 and is based in Athens, Greece. [Read more]

Industry Marine Shipping
Sector Industrials
Founded 2010
Employees 211
Stock Exchange NASDAQ
Ticker Symbol PSHG
Full Company Profile

Financial Performance

In 2024, Performance Shipping's revenue was $87.45 million, a decrease of -19.73% compared to the previous year's $108.94 million. Earnings were $41.90 million, a decrease of -26.40%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for PSHG stock is "Strong Buy" and the 12-month stock price forecast is $6.5.

Price Target
$6.5
(263.13% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Performance Shipping Inc. Announces Acceptance of a Signed Commitment Letter From Alpha Bank A.E. to Refinance Existing Facilities

ATHENS, Greece, June 24, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today an...

3 days ago - GlobeNewsWire

Performance Shipping Inc. Secures Long-Term Time Charter Contract at US$23,750 Per Day With Mercuria for LR1 Newbuilding Tanker

ATHENS, Greece, June 17, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today an...

10 days ago - GlobeNewsWire

Performance Shipping Inc. Announces Fixed Income Investor Meetings

ATHENS, Greece, June 04, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“Performance Shipping” or the “Company”), through its Norwegian investment banks, will arrange a series of f...

23 days ago - GlobeNewsWire

Performance Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2025

ATHENS, Greece, May 27, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today repo...

4 weeks ago - GlobeNewsWire

Performance Shipping Inc. Announces Filing of 2024 Annual Report on Form 20-F

ATHENS, Greece, April 16, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announc...

2 months ago - GlobeNewsWire

Performance Shipping Inc. Enters Into Potential Forward Sale Agreement for the 2009-Built Aframax Tanker, M/T P. Sophia

ATHENS, Greece, April 07, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today a...

2 months ago - GlobeNewsWire

Performance Shipping Inc. Announces Sale of 2011-Built Aframax Vessel M/T P. Yanbu for US$39 Million and Completion of Delivery to Her New Owners

ATHENS, Greece, March 24, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today a...

3 months ago - GlobeNewsWire

Performance Shipping Inc. Secures Sale and Leaseback Agreement for Third Newbuild LR2 Aframax Tanker

ATHENS, Greece, March 06, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today an...

4 months ago - GlobeNewsWire

Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2024

ATHENS, Greece, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today rep...

4 months ago - GlobeNewsWire

Performance Shipping Inc. Extends Time Charter for M/T P. Monterey at US$28,000 Per Day for Twelve Months

ATHENS, Greece, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today an...

5 months ago - GlobeNewsWire

Performance Shipping Inc. Secures 21-Month Time Charter Contract at US$28,000 Per Day for Aframax Tanker, M/T Blue Moon

ATHENS, Greece, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today an...

6 months ago - GlobeNewsWire

Performance Shipping Inc. Issues 2023 Sustainability Report

ATHENS, Greece, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today an...

7 months ago - GlobeNewsWire

Performance Shipping Inc. Secures Time Charter Contract with Oil Major at US$33,500 Per Day for LR2 Aframax Tanker, M/T P. Aliki

ATHENS, Greece, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today an...

7 months ago - GlobeNewsWire

Performance Shipping Inc. Highlights Company's Platform for Growth and Shareholder Value Creation

Mails Proxy Materials and Letter to Shareholders in Connection with 2024 Annual General Meeting of Shareholders

7 months ago - GlobeNewsWire

Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine-Months Ended September 30, 2024

ATHENS, Greece, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today rep...

8 months ago - GlobeNewsWire

Performance Shipping Inc. Secures Sale and Leaseback Agreement for Second Newbuild LR2 Aframax Tanker

ATHENS, Greece, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today ann...

8 months ago - GlobeNewsWire

Performance Shipping Inc. Reports Financial Results for the Second Quarter and Six-Months Ended June 30, 2024

ATHENS, Greece, July 25, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today rep...

1 year ago - GlobeNewsWire

Performance Shipping Inc. Announces Initiation of Analyst Coverage by Alliance Global Partners (AGP)

ATHENS, Greece, July 24, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today an...

1 year ago - GlobeNewsWire

Performance Shipping Inc. Secures Sale and Leaseback Agreement for Previously Announced Newbuild LR2 Aframax Tanker

ATHENS, Greece, July 16, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today ann...

1 year ago - GlobeNewsWire

Performance Shipping Inc. Secures Charter Contract with Trafigura for LR2 Aframax Tanker, M/T P. Aliki

ATHENS, Greece, June 06, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), ("we" or the "Company"), a global shipping company specializing in the ownership of tanker vessels, today an...

1 year ago - GlobeNewsWire

Performance Shipping Inc. Secures Charter Contract With Aramco for About 24 Months at US$41,000 Per Day

ATHENS, Greece, June 05, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), ("we" or the "Company"), a global shipping company specializing in the ownership of tanker vessels, today an...

1 year ago - GlobeNewsWire

Performance Shipping Inc. Reports Solid Financial Results for the First Quarter Ended March 31, 2024

ATHENS, Greece, May 30, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today repo...

1 year ago - GlobeNewsWire

Performance Shipping Inc. Signs Shipbuilding Contract for the Construction of a Newbuilding LR1 Tanker Vessel

ATHENS, Greece, May 07, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), ("we" or the "Company"), a global shipping company specializing in the ownership of tanker vessels, today ann...

1 year ago - GlobeNewsWire

Performance Shipping Inc. Announces Filing of 2023 Annual Report on Form 20-F

ATHENS, Greece, March 28, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announc...

1 year ago - GlobeNewsWire

Performance Shipping Inc. Secures Five-Year Time Charter Contracts With Clearlake for Three Newbuilding Vessels at US$31,000 Per Vessel Per Day

ATHENS, Greece, March 12, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), ("we" or the "Company"), a global shipping company specializing in the ownership of tanker vessels, today a...

1 year ago - GlobeNewsWire