Performance Shipping (PSHG) Stock Price, News & Analysis

Company Overview

Performance Shipping Inc. is a Marshall Islands–incorporated company engaged in the seaborne transportation of drybulk commodities. The company provides marine shipping services through a fleet of modern drybulk carriers that are primarily chartered-in from third parties and chartered-out to customers under long-term and spot contracts. Performance Shipping delivers coal, grains, iron ore and other bulk raw materials to industrial and agricultural markets worldwide, catering to energy producers, mining houses and agricultural exporters.

The company’s fleet consists of Panamax, Supramax and Kamsarmax class vessels, each equipped with on-board cranes and cargo handling systems that enhance loading and unloading efficiency at ports with limited shore infrastructure. By employing a balanced mix of long-term time charters and period charters, Performance Shipping seeks to optimize fleet utilization, manage exposure to daily charter rate fluctuations and maintain flexibility to capitalize on favorable market conditions.

Performance Shipping began trading on the Nasdaq Stock Market under the ticker symbol PSHG following its spin-off from Scorpio Bulkers Inc. in 2017. Since its inception, the company has pursued a disciplined growth strategy focused on acquiring and chartering vessels that meet stringent regulatory, environmental and safety standards. In recent years, Performance Shipping has advanced its fleet renewal program by adding vessels with fuel-efficient engine designs and complying with International Maritime Organization (IMO) emissions regulations.

The company’s leadership team comprises seasoned maritime professionals from the Scorpio Group, with extensive backgrounds in marine operations, chartering and vessel finance. Under the guidance of Chairman Emanuele A. Lauro and Chief Executive Officer Zein Obaid, Performance Shipping continues to strengthen its position in the drybulk market. The firm’s governance framework and operational protocols are designed to promote safety, environmental stewardship and reliability for a global customer base spanning Asia, Europe, the Americas and beyond.

Key Stats

• Today's Range: $1.77 to $1.83
• 50-Day Range: $1.41 to $2.11
• 52-Week Range: $1.31 to $2.34
• Volume: 35,312 shs
• Average Volume: 69,061 shs
• Market Capitalization: $22.13 million
• P/E Ratio: 1.12
• Dividend Yield: N/A
• Price Target: $6.50
• Consensus Rating: Buy

Performance Shipping Stock Analysis - MarketRank™

Performance Shipping scored higher than 50% of companies evaluated by MarketBeat, and ranked 90th out of 122 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Performance Shipping has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Performance Shipping has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Performance Shipping is 1.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Performance Shipping is 1.12, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 12.84.

Price to Book Value per Share Ratio

Performance Shipping has a P/B Ratio of 0.08. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.49% of the float of Performance Shipping has been sold short.

Short Interest Ratio / Days to Cover

Performance Shipping has a short interest ratio ("days to cover") of 6.8.

Change versus previous month

Short interest in Performance Shipping has recently increased by 2.49%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Performance Shipping does not currently pay a dividend.

Dividend Growth

Performance Shipping does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Performance Shipping is 6.29%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.49% of the float of Performance Shipping has been sold short.

Short Interest Ratio / Days to Cover

Performance Shipping has a short interest ratio ("days to cover") of 6.8.

Change versus previous month

Short interest in Performance Shipping has recently increased by 2.49%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Performance Shipping insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.43% of the stock of Performance Shipping is held by insiders.

Percentage Held by Institutions

Only 19.90% of the stock of Performance Shipping is held by institutions.

PSHG Stock Analysis - Frequently Asked Questions

How have PSHG shares performed this year?

Performance Shipping's stock was trading at $1.86 at the beginning of the year. Since then, PSHG stock has decreased by 4.3% and is now trading at $1.78.

How were Performance Shipping's earnings last quarter?

Performance Shipping Inc. (NASDAQ:PSHG) posted its earnings results on Tuesday, May, 27th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.56. The business earned $21.33 million during the quarter, compared to the consensus estimate of $21.12 million. Performance Shipping had a net margin of 70.91% and a trailing twelve-month return on equity of 22.28%.

When did Performance Shipping's stock split?

Performance Shipping shares reverse split before market open on Monday, November 14th 2022.The 1-15 reverse split was announced on Monday, November 14th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, November 14th 2022. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

How do I buy shares of Performance Shipping?

Shares of PSHG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Performance Shipping own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Performance Shipping investors own include NVIDIA (NVDA), Broadcom (AVGO), GE Aerospace (GE), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET) and CymaBay Therapeutics (CBAY).

Company Calendar

• Last Earnings: 5/27/2025
• Today: 7/20/2025
• Next Earnings (Estimated): 7/24/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: TRANS - SHIP
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:PSHG
• CIK: 1481241
• Web: www.pshipping.com
• Phone: 302166002400
• Fax: 30-216-600-2599
• Employees: 150
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Performance Shipping: $6.50
• High Price Target: $6.50
• Low Price Target: $6.50
• Potential Upside/Downside: +265.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.59
• Trailing P/E Ratio: 1.12
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $43.73 million
• Net Margins: 70.91%
• Pretax Margin: 71.42%
• Return on Equity: 22.28%
• Return on Assets: 18.56%

Debt

• Debt-to-Equity Ratio: 0.15
• Current Ratio: 5.29
• Quick Ratio: 5.26

Sales & Book Value

• Annual Sales: $87.44 million
• Price / Sales: 0.25
• Cash Flow: $4.56 per share
• Price / Cash Flow: 0.39
• Book Value: $22.14 per share
• Price / Book: 0.08

Miscellaneous

• Outstanding Shares: 12,430,000
• Free Float: 12,379,000
• Market Cap: $22.13 million
• Optionable: Not Optionable
• Beta: -0.34