Western Bulk Chartering AS (OTC:WSSTF – Get Free Report) and Performance Shipping (NASDAQ:PSHG – Get Free Report) are both industrials companies, but which is the better business? We will compare the two companies based on the strength of their dividends, analyst recommendations, profitability, earnings, risk, institutional ownership and valuation.
Profitability
This table compares Western Bulk Chartering AS and Performance Shipping’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Western Bulk Chartering AS | N/A | N/A | N/A |
| Performance Shipping | 62.19% | 24.02% | 18.19% |
Valuation & Earnings
This table compares Western Bulk Chartering AS and Performance Shipping”s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Western Bulk Chartering AS | N/A | N/A | N/A | N/A | N/A |
| Performance Shipping | $90.83 million | 0.28 | $69.41 million | $1.65 | 1.25 |
Analyst Ratings
This is a summary of recent ratings and target prices for Western Bulk Chartering AS and Performance Shipping, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Western Bulk Chartering AS | 0 | 0 | 0 | 0 | N/A |
| Performance Shipping | 0 | 0 | 1 | 0 | 3.00 |
Performance Shipping has a consensus price target of $6.50, suggesting a potential upside of 214.01%. Given Performance Shipping’s higher possible upside, analysts clearly believe Performance Shipping is more favorable than Western Bulk Chartering AS.
Institutional and Insider Ownership
19.9% of Performance Shipping shares are held by institutional investors. 0.4% of Performance Shipping shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Summary
Performance Shipping beats Western Bulk Chartering AS on 8 of the 8 factors compared between the two stocks.
About Western Bulk Chartering AS
Western Bulk Chartering AS, together with its subsidiaries, operates as a dry bulk shipping company. It engages in chartering and operating dry bulk vessels for the transportation of products, such as minerals, timber, cement, bauxite, steel products, grains, coal, and other products; and operation of chartered-in fleet of 110-150 vessels, including time charter trip vessels and period vessels. The company operates in Norway, Far East, rest of Europe, India, North America, South America, Africa, and the Middle East. Western Bulk Chartering AS was incorporated in 1982 and is headquartered in Oslo, Norway. Western Bulk Chartering AS is a subsidiary of Kistefos AS.
About Performance Shipping
Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2023, its fleet consisted of seven Aframax tanker vessels with a combined carrying capacity of 735,910 DWT. The company was incorporated in 2010 and is based in Athens, Greece.
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