NYSE:ASC Ardmore Shipping (ASC) Stock Price, News & Analysis $20.53 -0.28 (-1.35%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$20.33▼$20.9850-Day Range$19.61▼$23.3852-Week Range$11.78▼$23.44Volume525,937 shsAverage Volume680,644 shsMarket Capitalization$834.13 millionP/E Ratio7.87Dividend Yield6.04%Price Target$23.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Ardmore Shipping alerts: Email Address Ardmore Shipping MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside15.3% Upside$23.67 Price TargetShort InterestHealthy6.30% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-6.65Upright™ Environmental ScoreNews Sentiment0.58Based on 11 Articles This WeekInsider TradingN/AProj. Earnings Growth-39.34%From $3.33 to $2.02 Per ShareSee Full Details Hide Full Details 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.3.99 out of 5 starsTransportation Sector40th out of 120 stocksDeep Sea Foreign Transportation Of Freight Industry10th out of 32 stocks 2.5 Analyst's Opinion Consensus RatingArdmore Shipping has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageArdmore Shipping has only been the subject of 3 research reports in the past 90 days.Read more about Ardmore Shipping's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted6.30% of the outstanding shares of Ardmore Shipping have been sold short.Short Interest Ratio / Days to CoverArdmore Shipping has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ardmore Shipping has recently decreased by 4.48%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipArdmore Shipping is a leading dividend payer. It pays a dividend yield of 5.97%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthArdmore Shipping does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Ardmore Shipping is 47.51%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ardmore Shipping will have a dividend payout ratio of 61.39% next year. This indicates that Ardmore Shipping will be able to sustain or increase its dividend.Read more about Ardmore Shipping's dividend. Previous Next 0.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreArdmore 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 SustainabilityThe Environmental Impact score for Ardmore Shipping is -6.65. Previous Next 3.7 News and Social Media Coverage News SentimentArdmore Shipping has a news sentiment score of 0.58. 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 is a higher news sentiment than the 0.42 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Ardmore Shipping this week, compared to 2 articles on an average week.Search Interest19 people have searched for ASC on MarketBeat in the last 30 days. This is an increase of 73% compared to the previous 30 days.MarketBeat Follows9 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ardmore Shipping insiders have not sold or bought any company stock.Percentage Held by Institutions62.22% of the stock of Ardmore Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Ardmore Shipping's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Ardmore Shipping are expected to decrease by -39.34% in the coming year, from $3.33 to $2.02 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ardmore Shipping is 7.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.35.Price to Earnings Ratio vs. SectorThe P/E ratio of Ardmore Shipping is 7.87, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.93.Price to Book Value per Share RatioArdmore Shipping has a P/B Ratio of 1.63. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Ardmore Shipping's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad American Hartford Gold GroupPrepare for a Recession Unlike Any OtherDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.GET THE FREE GUIDE 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.Read More ASC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASC Stock News HeadlinesJuly 25 at 6:02 AM | americanbankingnews.comArdmore Shipping (NYSE:ASC) Price Target Increased to $24.00 by Analysts at Stifel NicolausJuly 25 at 2:38 AM | americanbankingnews.comEvercore ISI Increases Ardmore Shipping (NYSE:ASC) Price Target to $26.00July 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 24 at 10:35 AM | americanbankingnews.comArdmore Shipping (ASC) to Release Quarterly Earnings on WednesdayJuly 23 at 4:52 AM | seekingalpha.comArdmore Shipping Is A Buy For Its Yield And AdaptabilityJuly 17, 2024 | prnewswire.comArdmore Shipping Announces Second Quarter 2024 Conference Call and WebcastJuly 8, 2024 | prnewswire.comArdmore Shipping Announces Leadership TransitionJuly 8, 2024 | prnewswire.comArdmore Shipping Announces Leadership TransitionJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.May 25, 2024 | finance.yahoo.comReturns On Capital Are Showing Encouraging Signs At Ardmore Shipping (NYSE:ASC)May 15, 2024 | seekingalpha.comArdmore Shipping: The Dividend Policy Doesn't Deserve A Premium Valuation, Sell (Rating Downgrade)May 14, 2024 | seekingalpha.comArdmore Shipping: Strong Momentum And Solid Dividend Yield Stock (SA Quant)May 14, 2024 | investorplace.com3 Small-Cap Stocks With Massive Growth Potential in the Next YearMay 13, 2024 | seatrade-maritime.comArdmore Shipping enjoys tanker market revengeMay 12, 2024 | seekingalpha.comArdmore Shipping: Safety In The Seas As TCE Rates May Permanently ElevateMay 10, 2024 | finance.yahoo.comNew Strong Buy Stocks for May 10thMay 9, 2024 | finance.yahoo.comArdmore Shipping Corporation (NYSE:ASC) Q1 2024 Earnings Call TranscriptMay 8, 2024 | washingtonpost.comArdmore Shipping: Q1 Earnings SnapshotSee More Headlines Receive ASC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ardmore Shipping and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/08/2024Ex-Dividend for 6/14 Dividend5/31/2024Dividend Payable6/14/2024Today7/26/2024Next Earnings (Confirmed)7/31/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Deep sea foreign transportation of freight Sub-IndustryTransportation Current SymbolNYSE:ASC CUSIPN/A CIK1577437 Webardmoreshipping.com Phone(441) 405-7800FaxN/AEmployees990Year Founded2010Price Target and Rating Average Stock Price Target$23.67 High Stock Price Target$26.00 Low Stock Price Target$21.00 Potential Upside/Downside+14.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.61 Trailing P/E Ratio7.92 Forward P/E Ratio6.21 P/E GrowthN/ANet Income$116.81 million Net Margins29.15% Pretax Margin29.53% Return on Equity21.06% Return on Assets16.12% Debt Debt-to-Equity Ratio0.04 Current Ratio1.95 Quick Ratio1.79 Sales & Book Value Annual Sales$395.98 million Price / Sales2.12 Cash Flow$3.49 per share Price / Cash Flow5.93 Book Value$12.60 per share Price / Book1.64Miscellaneous Outstanding Shares40,630,000Free FloatN/AMarket Cap$839.82 million OptionableOptionable Beta0.39 Social Links Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.Get This Free Report Key ExecutivesMr. 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'NeillDirector of AccountingNadia MatherDirector of LegalMr. Gernot Ruppelt (Age 43)Senior VP & Chief Commercial Officer Ms. Holly S. CummingsHead of Commercial (West) AmericasMs. Aideen O'Driscoll (Age 37)Senior Vice President & Director of Corporate Services Ashish MalikManaging Director of Anglo Ardmore Joint VentureGerald TanHead of Commercial (East) & GM of Singapore OfficeMore ExecutivesKey CompetitorsTORMNASDAQ:TRMDCadeler A/SNYSE:CDLRZIM Integrated Shipping ServicesNYSE:ZIMStar Bulk CarriersNASDAQ:SBLKSFLNYSE:SFLView All CompetitorsInstitutional OwnershipBank of New York Mellon CorpBought 14,147 shares on 7/26/2024Ownership: 0.323%Summit Global InvestmentsSold 6,838 shares on 7/22/2024Ownership: 0.131%Wedge Capital Management L L P NCSold 20,765 shares on 7/17/2024Ownership: 0.168%Redhawk Wealth Advisors Inc.Bought 4,222 shares on 7/17/2024Ownership: 0.118%SG Americas Securities LLCBought 109,312 shares on 7/12/2024Ownership: 0.594%View All Institutional Transactions ASC Stock Analysis - Frequently Asked Questions How have ASC shares performed this year? Ardmore Shipping's stock was trading at $14.09 at the beginning of the year. Since then, ASC shares have increased by 45.7% and is now trading at $20.53. View the best growth stocks for 2024 here. How were Ardmore Shipping's earnings last quarter? Ardmore Shipping Co. (NYSE:ASC) issued its quarterly earnings results on Wednesday, May, 8th. The shipping company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.05. Ardmore Shipping's quarterly revenue was down 10.1% compared to the same quarter last year. 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. Who are Ardmore Shipping's major shareholders? Ardmore Shipping's top institutional investors include SG Americas Securities LLC (0.59%), Bank of New York Mellon Corp (0.32%), Wedge Capital Management L L P NC (0.17%) and Summit Global Investments (0.13%). 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. What other stocks do shareholders of Ardmore Shipping own? Based on aggregate information from My MarketBeat watchlists, some other companies that Ardmore Shipping investors own include Petra Diamonds (PDL), General Electric (GE), Intelsat (I), AT&T (T), Scorpio Tankers (STNG), AMC Entertainment (AMC) and Energy Transfer (ET). 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