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 equities research analysts have issued 1-year price objectives for Ardmore Shipping's shares. Their ASC share price targets range from $20.00 to $22.00. On average, they expect the company's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 32.2% 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 beginning of 2024. Since then, ASC shares have increased by 12.7% and is now trading at $15.88. View the best growth stocks for 2024 here .

Are investors shorting Ardmore Shipping?

Ardmore Shipping saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 984,300 shares, a drop of 8.0% from the March 15th total of 1,070,000 shares. Based on an average trading volume of 661,800 shares, the days-to-cover ratio is presently 1.5 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) issued its quarterly earnings data on Thursday, February, 15th. The shipping company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The shipping company had revenue of $98.80 million for the quarter, compared to the consensus estimate of $64.26 million. Ardmore Shipping had a net margin of 29.50% and a trailing twelve-month return on equity of 22.76%. Ardmore Shipping's revenue was down 25.6% compared to the same quarter last year. During the same period last year, the firm earned $1.33 EPS.

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 5.29%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change 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 5.30%. 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) and SonicShares Global Shipping ETF (BOAT) . Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) .

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 retail and institutional investors. Top institutional investors include Norden Group LLC (0.02%) and Sunbelt Securities Inc. (0.01%). 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 .

NYSE:ASC

Ardmore Shipping (ASC) Stock Price, News & Analysis

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Free ASC Stock Alerts

$15.88

+0.29 (+1.86%)

(As of 04/19/2024 ET)

Compare

Today's Range: $15.66
▼
$16.01
50-Day Range: $15.59
▼
$16.94
52-Week Range: $11.59
▼
$17.05

Volume: 470,974 shs
Average Volume: 647,042 shs
Market Capitalization: $645.20 million

P/E Ratio: 5.82
Dividend Yield: 5.29%
Price Target: $21.00

Get Ardmore Shipping alerts:

Ardmore Shipping MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 32.2% Upside
$21.00 Price Target
Short Interest: Healthy
2.42% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -6.65
Upright™ Environmental Score
News Sentiment: 0.57
Based on 7 Articles This Week
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.

4.43 out of 5 stars

Transportation Sector

17th out of 110 stocks

Deep Sea Foreign Transportation Of Freight Industry

3rd out of 25 stocks

3.5

Analyst's Opinion

Consensus Rating
Ardmore Shipping has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Ardmore Shipping has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.42% of the outstanding shares of Ardmore Shipping have been sold short.
Short Interest Ratio / Days to Cover
Ardmore Shipping has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Ardmore Shipping has recently decreased by 8.01%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Ardmore Shipping is a leading dividend payer. It pays a dividend yield of 5.30%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ardmore Shipping has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Ardmore Shipping is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Ardmore Shipping will have a dividend payout ratio of 50.30% next year. This indicates that Ardmore Shipping will be able to sustain or increase its dividend.

0.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Ardmore Shipping has received a -78.74% net impact score from Upright. The largest negative impact of Ardmore Shipping in category "GHG emissions" seems to be driven mostly by its "Diesel ship freight transport services for the oil industry", "Diesel ship freight transport services", and "Diesel ship freight transport services for the chemicals industry" products. See details.
Environmental Sustainability
The Environmental Impact score for Ardmore Shipping is -6.65.

2.0

News and Social Media Coverage

News Sentiment
Ardmore Shipping has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Ardmore Shipping this week, compared to 2 articles on an average week.
Search Interest
Only 13 people have searched for ASC on MarketBeat in the last 30 days. This is a decrease of -32% compared to the previous 30 days.
MarketBeat Follows
Only 12 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ardmore Shipping insiders have not sold or bought any company stock.
Percentage Held by Institutions
62.22% of the stock of Ardmore Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Ardmore Shipping are expected to decrease by -35.77% in the coming year, from $2.60 to $1.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ardmore Shipping is 5.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.31.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ardmore Shipping is 5.82, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 16.27.
Price to Book Value per Share Ratio
Ardmore Shipping has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

ASC Stock News Headlines

April 19, 2024 | americanbankingnews.com

Ardmore Shipping (NYSE:ASC) Stock Rating Lowered by StockNews.com

April 14, 2024 | finance.yahoo.com

Are Investors Undervaluing Ardmore Shipping Corporation (NYSE:ASC) By 50%?

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April 13, 2024 | americanbankingnews.com

Ardmore Shipping (NYSE:ASC) Stock Price Up 3.3%

April 13, 2024 | americanbankingnews.com

Ardmore Shipping (NYSE:ASC) Rating Increased to Buy at StockNews.com

April 9, 2024 | americanbankingnews.com

Ardmore Shipping (NYSE:ASC) Stock Crosses Below Fifty Day Moving Average of $16.27

April 2, 2024 | finance.yahoo.com

Ardmore Shipping (ASC) Dips More Than Broader Market: What You Should Know

March 15, 2024 | prnewswire.com

Ardmore Shipping Files 2023 Annual Report on Form 20-F

April 19, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

March 11, 2024 | msn.com

POLICE: Birmingham man steals car, robs Ardmore Burger King

March 8, 2024 | finance.yahoo.com

Is Ardmore Shipping Corporation's (NYSE:ASC) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

March 8, 2024 | investing.com

U.S. Representative Virginia Foxx Just Reported a Purchase of $ASC stock

February 29, 2024 | uk.finance.yahoo.com

Ardmore Shipping Corporation (ASC)

February 24, 2024 | msn.com

Ardmore Shipping (ASC) Price Target Increased by 8.60% to 20.60

February 23, 2024 | seekingalpha.com

Ardmore Shipping: Lackluster Shareholders Returns, Better Value Elsewhere (Rating Downgrade)

February 21, 2024 | seekingalpha.com

Ardmore Shipping: Solid Q4, But Q1 Will Be Even Better

February 18, 2024 | finance.yahoo.com

INSW Sep 2024 70.000 put

February 17, 2024 | money.usnews.com

Ardmore Shipping Corp

February 17, 2024 | finance.yahoo.com

Ardmore Shipping Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

February 16, 2024 | markets.businessinsider.com

Stifel Nicolaus Keeps Their Buy Rating on Ardmore Shipping (ASC)

February 16, 2024 | msn.com

Ardmore Shipping declares $0.21 dividend

February 16, 2024 | finance.yahoo.com

Ardmore Shipping Corporation (NYSE:ASC) Q4 2024 Earnings Call Transcript

February 15, 2024 | finance.yahoo.com

Ardmore Shipping (ASC) Q4 Earnings and Revenues Surpass Estimates

February 15, 2024 | seekingalpha.com

Ardmore Shipping Corporation 2023 Q4 - Results - Earnings Call Presentation

February 15, 2024 | finance.yahoo.com

Ardmore Shipping Corporation Announces Financial Results For The Three and Twelve Months Ended December 31, 2023

February 15, 2024 | prnewswire.com

Ardmore Shipping Corporation Announces Financial Results For The Three and Twelve Months Ended December 31, 2023

February 14, 2024 | benzinga.com

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: 4/19/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Transportation
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Current Symbol: NYSE:ASC
CUSIP: N/A
CIK: 1577437
Web: ardmoreshipping.com
Phone: (441) 405-7800
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: +30.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.73
Trailing P/E Ratio: 5.76
Forward P/E Ratio: 6.05
P/E Growth: N/A
Net Income: $116.81 million
Net Margins: 29.50%
Pretax Margin: 29.87%
Return on Equity: 22.76%
Return on Assets: 16.80%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 3.75
Quick Ratio: 3.38

Sales & Book Value

Annual Sales: $395.98 million
Price / Sales: 1.61
Cash Flow: $3.47 per share
Price / Cash Flow: 4.53
Book Value: $12.60 per share
Price / Book: 1.25

Miscellaneous

Outstanding Shares: 40,630,000
Free Float: N/A
Market Cap: $638.70 million
Optionable: Optionable
Beta: 0.38

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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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 equities research analysts have issued 1-year price objectives for Ardmore Shipping's shares. Their ASC share price targets range from $20.00 to $22.00. On average, they expect the company's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 32.2% 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 beginning of 2024. Since then, ASC shares have increased by 12.7% and is now trading at $15.88.
View the best growth stocks for 2024 here.
Are investors shorting Ardmore Shipping?: Ardmore Shipping saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 984,300 shares, a drop of 8.0% from the March 15th total of 1,070,000 shares. Based on an average trading volume of 661,800 shares, the days-to-cover ratio is presently 1.5 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) issued its quarterly earnings data on Thursday, February, 15th. The shipping company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The shipping company had revenue of $98.80 million for the quarter, compared to the consensus estimate of $64.26 million. Ardmore Shipping had a net margin of 29.50% and a trailing twelve-month return on equity of 22.76%. Ardmore Shipping's revenue was down 25.6% compared to the same quarter last year. During the same period last year, the firm earned $1.33 EPS.
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 5.29%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change 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 5.30%. 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) and SonicShares Global Shipping ETF (BOAT).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).
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 retail and institutional investors. Top institutional investors include Norden Group LLC (0.02%) and Sunbelt Securities Inc. (0.01%).
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 4/19/2024 by MarketBeat.com Staff

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