Reviewing Western Bulk Chartering AS (OTC:WSSTF) and Performance Shipping (NASDAQ:PSHG)

Performance Shipping (NASDAQ:PSHG) and Western Bulk Chartering AS (OTC:WSSTF) are both industrials companies, but which is the superior investment? We will contrast the two companies based on the strength of their earnings, profitability, analyst recommendations, dividends, institutional ownership, valuation and risk.

Valuation and Earnings

This table compares Performance Shipping and Western Bulk Chartering AS”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Performance Shipping	$90.83 million	0.27	$69.41 million	$1.45	1.38
Western Bulk Chartering AS	N/A	N/A	N/A	N/A	N/A

Performance Shipping has higher revenue and earnings than Western Bulk Chartering AS.

Profitability

This table compares Performance Shipping and Western Bulk Chartering AS’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Performance Shipping	62.19%	24.02%	18.19%
Western Bulk Chartering AS	N/A	N/A	N/A

Analyst Ratings

This is a breakdown of recent ratings and price targets for Performance Shipping and Western Bulk Chartering AS, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Performance Shipping	0	0	1	0	3.00
Western Bulk Chartering AS	0	0	0	0	N/A

Performance Shipping presently has a consensus target price of $6.50, indicating a potential upside of 224.98%. Given Performance Shipping’s higher probable upside, equities research 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 insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Summary

Performance Shipping beats Western Bulk Chartering AS on 8 of the 8 factors compared between the two stocks.

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.

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.