Streetbeat News

PSHG

Performance Shipping Inc.

https://www.pshipping.com

Industry

Marine Shipping

Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. It owned and operated five Aframax tanker vessels with a combined carrying capacity of 546,094 dwt. The company was incorporated in 2010 and is based in Athens, Greece.

Open

1.66

Mkt cap

20M

Volume

116K

High

1.67

P/E Ratio

1.10

52-wk high

2.58

Low

1.61

Div yield

N/A

52-wk low

1.61

Performance Shipping Inc. has released its 2023 Sustainability Report, detailing its ESG efforts and commitment to transparency and accountability.

Portfolio Pulse from

December 11, 2024 | 2:45 pm

Performance Shipping Inc. has secured a time charter contract with SeaRiver Maritime LLC, a subsidiary of ExxonMobil, for its LR2 Aframax tanker, M/T P. Aliki, at a rate of $33,500 per day. This contract is expected to generate approximately $6.6 million in gross revenue.

Portfolio Pulse from

December 03, 2024 | 2:45 pm

Performance Shipping Inc. has highlighted its platform for growth and shareholder value creation in a letter to shareholders, along with proxy materials for the 2024 Annual General Meeting.

Portfolio Pulse from

November 19, 2024 | 2:45 pm

Performance Shipping Inc. reported a net income of $12.4 million for Q3 2024, an increase from $10.4 million in Q3 2023. Earnings per share for the quarter were $0.96 (basic) and $0.32 (diluted).

Portfolio Pulse from

November 07, 2024 | 2:45 pm

Nike's Q1 FY25 earnings report revealed a 10% revenue decline and a 26% drop in earnings due to lower unit sales and traffic declines. Despite challenges, management is optimistic about the second half, focusing on innovation in Performance Sports. The stock is upgraded to a 'hold' with a price target of $80.

Portfolio Pulse from

November 05, 2024 | 4:30 pm

Several industrial stocks experienced significant price movements in Thursday's after-market session. Notable gainers included Smart Powerr, Antelope Ent Hldgs, McGrath RentCorp, Nuburu, L3Harris Technologies, and Performance Shipping. Meanwhile, 1847 Holdings, Expion360, Joby Aviation, GrafTech International, Paycor HCM, and SOS saw declines.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 8:31 pm

Performance Shipping (NASDAQ:PSHG) reported Q2 2024 GAAP EPS of $0.26, meeting analyst expectations. However, the company missed sales estimates, reporting $20.50 million against the expected $22.60 million, a 9.29% shortfall and a 34.83% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:30 pm

Alliance Global Partners has initiated coverage on Performance Shipping (NASDAQ:PSHG) with a Buy rating and set a price target of $6.5.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:06 pm

Performance Shipping has entered into a sale and leaseback agreement for a newbuild LR2 Aframax tanker. The bareboat financing totals $44.25 million, and the tanker is sold for an 8-year period at $7,132 per day with a balloon payment of approximately $23.7 million payable with the last installment.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:31 pm

Sphinx Investment has extended the expiration date of its offer to purchase Performance Shipping (PSHG) for $3.00 per share in cash. The new expiration date is 11:59 P.M., New York City Time, on September 17.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 10:59 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.