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NYSE:ASC

Ardmore Shipping (ASC) Stock Price, News & Analysis

$16.39
+0.04 (+0.24%)
(As of 02:01 PM ET)
Today's Range
$16.34
$16.53
50-Day Range
$15.25
$16.77
52-Week Range
$11.59
$17.17
Volume
191,058 shs
Average Volume
664,565 shs
Market Capitalization
$665.93 million
P/E Ratio
6.00
Dividend Yield
5.13%
Price Target
$20.50

Ardmore Shipping MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.0% Upside
$20.50 Price Target
Short Interest
Healthy
2.63% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-35.77%
From $2.60 to $1.67 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.66 out of 5 stars

Transportation Sector

17th out of 117 stocks

Deep Sea Foreign Transportation Of Freight Industry

4th out of 26 stocks

ASC stock logo

About Ardmore Shipping Stock (NYSE:ASC)

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. Ardmore Shipping Corporation was founded in 2010 and is headquartered in Pembroke, Bermuda.

ASC Stock Price History

ASC Stock News Headlines

Ardmore Shipping (NYSE:ASC) Cut to Hold at StockNews.com
AI Bubble Now at Critical Mass
Washington, D.C., has just issued its first round of new artificial-intelligence (“AI”) regulations. And a flood of additional AI bills is making its way through Congress. Nasdaq reports this could bring a screeching halt to the AI stock boom.
Ardmore Shipping Corporation (ASC)
AI Bubble Now at Critical Mass
Washington, D.C., has just issued its first round of new artificial-intelligence (“AI”) regulations. And a flood of additional AI bills is making its way through Congress. Nasdaq reports this could bring a screeching halt to the AI stock boom.
Ardmore Shipping: Solid Q4, But Q1 Will Be Even Better
INSW Sep 2024 70.000 put
Ardmore Shipping Corp
Stifel Nicolaus Keeps Their Buy Rating on Ardmore Shipping (ASC)
Ardmore Shipping declares $0.21 dividend
A Preview Of Ardmore Shipping's Earnings
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Ex-Dividend for 3/15 Dividend
2/28/2024
Dividend Payable
3/15/2024
Today
3/28/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Fax
N/A
Employees
56
Year Founded
2010

Price Target and Rating

Average Stock Price Target
$20.50
High Stock Price Target
$21.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+25.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$116.81 million
Pretax Margin
29.87%

Debt

Sales & Book Value

Annual Sales
$395.98 million
Cash Flow
$3.53 per share
Book Value
$12.60 per share

Miscellaneous

Free Float
N/A
Market Cap
$664.30 million
Optionable
Optionable
Beta
0.39

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Key Executives

  • Mr. Anthony Gurnee CFA (Age 64)
    Founder, President, CEO & Director
  • Mr. Bart B. Kelleher (Age 48)
    Secretary & CFO
  • Mr. Mark Cameron (Age 58)
    Executive VP & COO
  • Mr. Barry O'Neill
    Director of Accounting
  • Suraj Batra
    Technical Manager
  • Nadia Mather
    Director of Legal
  • Mr. Gernot Ruppelt (Age 43)
    Senior VP & Chief Commercial Officer
  • Ms. Holly S. Cummings
    Head of Commercial (West) Americas
  • Ms. Aideen O'Driscoll (Age 37)
    Senior Vice President & Director of Corporate Services
  • Ashish Malik
    Managing Director of Anglo Ardmore Joint Venture

ASC Stock Analysis - Frequently Asked Questions

Should I buy or sell Ardmore Shipping stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ASC shares.
View ASC analyst ratings
or view top-rated stocks.

What is Ardmore Shipping's stock price target for 2024?

2 brokerages have issued 1-year target prices for Ardmore Shipping's stock. Their ASC share price targets range from $20.00 to $21.00. On average, they anticipate the company's stock price to reach $20.50 in the next twelve months. This suggests a possible upside of 25.0% from the stock's current price.
View analysts price targets for ASC
or view top-rated stocks among Wall Street analysts.

How have ASC shares performed in 2024?

Ardmore Shipping's stock was trading at $14.09 at the start of the year. Since then, ASC shares have increased by 16.4% and is now trading at $16.40.
View the best growth stocks for 2024 here
.

Are investors shorting Ardmore Shipping?

Ardmore Shipping saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 1,070,000 shares, a decrease of 21.9% from the February 29th total of 1,370,000 shares. Based on an average daily volume of 675,500 shares, the short-interest ratio is currently 1.6 days.
View Ardmore Shipping's Short Interest
.

When is Ardmore Shipping's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our ASC earnings forecast
.

How were Ardmore Shipping's earnings last quarter?

Ardmore Shipping Co. (NYSE:ASC) announced its quarterly earnings results on Thursday, February, 15th. The shipping company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The shipping company had revenue of $98.80 million for the quarter, compared to analysts' expectations of $64.26 million. Ardmore Shipping had a net margin of 29.50% and a trailing twelve-month return on equity of 22.76%. The company's quarterly revenue was down 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 earnings per share.

How often does Ardmore Shipping pay dividends? What is the dividend yield for Ardmore Shipping?

Ardmore Shipping announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Thursday, February 29th will be given a dividend of $0.21 per share on Friday, March 15th. This represents a $0.84 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Wednesday, February 28th. This is an increase from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for ASC
.

Is Ardmore Shipping a good dividend stock?

Ardmore Shipping (NYSE:ASC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 5.18%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASC will have a dividend payout ratio of 50.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASC.

What ETFs hold Ardmore Shipping's stock?

ETFs with the largest weight of Ardmore Shipping (NYSE:ASC) stock in their portfolio include Inspire Fidelis Multi Factor ETF (FDLS).SonicShares Global Shipping ETF (BOAT).

What is Nick Beighton's approval rating as Ardmore Shipping's CEO?

415 employees have rated Ardmore Shipping Chief Executive Officer Nick Beighton on Glassdoor.com. Nick Beighton has an approval rating of 55% among the company's employees. This puts Nick Beighton in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Ardmore Shipping own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ardmore Shipping investors own include Petra Diamonds (PDL), General Electric (GE), Intelsat (I), AT&T (T), Scorpio Tankers (STNG), AMC Entertainment (AMC), Energy Transfer (ET), Advanced Micro Devices (AMD), Zynga (ZNGA) and Bank of America (BAC).

Who are Ardmore Shipping's major shareholders?

Ardmore Shipping's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.47%), Private Management Group Inc. (3.77%), Wellington Management Group LLP (1.71%), Russell Investments Group Ltd. (1.42%), Sei Investments Co. (1.01%) and Nuveen Asset Management LLC (0.99%).
View institutional ownership trends
.

How do I buy shares of Ardmore Shipping?

Shares of ASC 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.
Compare Top Brokerages Here.

This page (NYSE:ASC) was last updated on 3/28/2024 by MarketBeat.com Staff

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