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Home โบ Stocks โบ Performance Shipping Inc. (PSHG) Stock Forecast & Price Prediction Greece | NASDAQ | Industrials | Marine Shipping
$1.59
+0.02 (1.27%)10 Quality Stocks Worth Considering Now
Researching Performance Shipping (PSHG) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 2 Wall Street analysts, PSHG has a bullish consensus with a median price target of $5.75 (ranging from $5.00 to $6.50). Currently trading at $1.59, the median forecast implies a 261.6% upside. This outlook is supported by 2 Buy, 0 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Poe Fratt at Alliance Global Partners, projecting a 308.8% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for PSHG.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Jul 22, 2024 | Alliance Global Partners | Poe Fratt | Buy | Initiates | $6.50 |
Mar 29, 2021 | HC Wainwright & Co. | Buy | Initiates | $11.00 |
The following stocks are similar to Performance Shipping based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Performance Shipping Inc. has a market capitalization of $19.76M with a P/E ratio of 1.4x. The company generates $87.45M in trailing twelve-month revenue with a 47.9% profit margin.
Revenue growth is -9.1% quarter-over-quarter, while maintaining an operating margin of +41.0% and return on equity of +16.5%.
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Shipping company specializing in petroleum transportation.
The company operates a fleet of tanker vessels that transport refined petroleum products across various regions. It generates revenue by providing shipping services to energy companies, ensuring the efficient movement of fuel from refineries to markets.
Performance Shipping Inc. plays a crucial role in the global energy supply chain and impacts industries like energy and logistics. Its operations are essential for balancing supply and demand in oil markets, contributing significantly to international trade and commerce.
Industrials
Marine Shipping
211
Mr. Andreas Nikolaos Michalopoulos
Greece
2011
Performance Shipping Inc. (NASDAQ: PSHG) filed its 2024 Annual Report with the SEC, containing audited financial statements. It is available online and can be requested in hard copy for free.
Performance Shipping's filing of its 2024 Annual Report reveals key financial data, impacting investor confidence and stock valuation based on the company's performance and future prospects.
Performance Shipping Inc. has signed a forward sale and exclusivity agreement for the auction of its Aframax tanker, M/T P. Sophia, for conversion to an FPSO vessel for a national oil company.
The announcement indicates potential revenue generation from a new project, enhancing Performance Shipping's growth prospects and influencing stock valuation positively.
Performance Shipping Inc. (NASDAQ: PSHG) announced the sale of its Aframax tanker, M/T P. Yanbu, for $39 million. The vessel was delivered debt-free to an unaffiliated buyer.
Performance Shipping's sale of the M/T P. Yanbu for $39 million enhances liquidity, reduces operational costs, and signals strong asset management, potentially boosting investor confidence and stock performance.
Performance Shipping Inc. has finalized a sale and leaseback agreement for a newbuild LR2 Aframax tanker, completing financing for three upcoming LNG-ready vessels scheduled for delivery from August 2025 to January 2026.
The sale and leaseback agreement secures financing for new tanker vessels, enhancing Performance Shipping's fleet and potentially boosting operational capacity and revenue streams.
Performance Shipping Inc. reported Q4 2024 net income of $9.7 million, down from $25 million in Q4 2023. Earnings per share were $0.74 (basic) and $0.25 (diluted).
Performance Shipping's significant decline in net income year-over-year raises concerns over profitability, potentially impacting stock valuation and investor confidence.
Performance Shipping Inc. has extended a time charter for the M/T P. Monterey with ST Shipping, generating approximately $9.38 million in gross revenue at a rate of $28,000 per day.
The charter extension guarantees steady revenue of approximately $9.38 million for Performance Shipping, enhancing financial stability and potentially boosting investor confidence.
Based on our analysis of 2 Wall Street analysts, Performance Shipping Inc. (PSHG) has a median price target of $5.75. The highest price target is $6.50 and the lowest is $5.00.
According to current analyst ratings, PSHG has 2 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $1.59. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict PSHG stock could reach $5.75 in the next 12 months. This represents a 261.6% increase from the current price of $1.59. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company operates a fleet of tanker vessels that transport refined petroleum products across various regions. It generates revenue by providing shipping services to energy companies, ensuring the efficient movement of fuel from refineries to markets.
The highest price target for PSHG is $6.50 from Poe Fratt at Alliance Global Partners, which represents a 308.8% increase from the current price of $1.59.
The lowest price target for PSHG is $5.00 from at , which represents a 214.5% increase from the current price of $1.59.
The overall analyst consensus for PSHG is bullish. Out of 2 Wall Street analysts, 2 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $5.75.
Stock price projections, including those for Performance Shipping Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.