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

1.54

Mkt cap

19M

Volume

16K

High

1.55

P/E Ratio

1.39

52-wk high

2.58

Low

1.53

Div yield

N/A

52-wk low

1.48

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

The article highlights the pre-market movements of 12 industrial stocks on Wednesday. Notable gainers include Mesa Air Group (MESA), Greenwave Technology Solutions (GWAV), and Expion360 (XPON). Significant losers include Solidion Technology (STI), AERWINS Technologies (AWIN), and Nauticus Robotics (KITT).

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 12:06 pm

Performance Shipping has announced a time charter contract with Trafigura for its M/T P. Aliki Aframax tanker vessel.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:29 pm

Performance Shipping has secured a contract with Aramco Trading Fujairah for a charter rate of $41,000 per day for approximately 24 months.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:30 pm

Performance Shipping has entered into a contract for the construction of a new LR1 Tanker Vessel at a cost of $54.1M, excluding extras and net commission to third parties.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:30 pm

Performance Shipping Inc. (NASDAQ:PSHG) has secured 5-year time charter contracts with Clearlake Shipping for three newbuilding LNG-ready, scrubber-fitted, LR2 Aframax tanker vessels at $31,000 per vessel per day. The contracts, which have options to extend for a 6th and 7th year, are expected to commence between Q4 2025 and Q2 2026. The firm period's gross revenue is anticipated to be $169.8 million, covering 88% of the construction costs and increasing the company's fixed revenue backlog to approximately $211.4 million.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:30 pm

Performance Shipping (NASDAQ:PSHG) reported Q4 2023 earnings of $0.630 per share, missing the consensus estimate of $0.690. However, their sales of $23.800M exceeded the $23.200M estimate, marking a 14.29% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:29 pm

Benzinga Insights highlights 5 value stocks in the industrials sector with low P/E ratios, suggesting potential undervaluation. The stocks include Hertz Global Holdings (HTZ), Brookfield Bus Partners (BBU), Navios Maritime Partners (NMM), Performance Shipping (PSHG), and AGCO (AGCO), each with recent financial performance data indicating varying degrees of earnings and dividend yield changes.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:41 pm

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