Should I buy or sell Ardmore Shipping stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 1 year price targets for Ardmore Shipping's stock. Their ASC share price targets range from $18.00 to $19.00. On average, they predict the company's share price to reach $18.50 in the next year. This suggests a possible upside of 32.1% 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 2023?

Ardmore Shipping's stock was trading at $14.41 at the beginning of the year. Since then, ASC stock has decreased by 2.8% and is now trading at $14.00. View the best growth stocks for 2023 here .

Are investors shorting Ardmore Shipping?

Ardmore Shipping saw a drop in short interest in October. As of October 31st, there was short interest totaling 868,400 shares, a drop of 11.5% from the October 15th total of 980,800 shares. Based on an average daily trading volume, of 550,000 shares, the short-interest ratio is presently 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, February 13th 2024. View our ASC earnings forecast .

How were Ardmore Shipping's earnings last quarter?

Ardmore Shipping Co. (NYSE:ASC) issued its earnings results on Tuesday, November, 7th. The shipping company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.06. The shipping company had revenue of $56.30 million for the quarter, compared to the consensus estimate of $53.94 million. Ardmore Shipping had a trailing twelve-month return on equity of 29.15% and a net margin of 33.43%.

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

Ardmore Shipping announced a quarterly dividend on Tuesday, November 7th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.16 per share on Friday, December 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Wednesday, November 29th. Read our dividend analysis for ASC .

Is Ardmore Shipping a good dividend stock?

Ardmore Shipping (NYSE:ASC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 4.72%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 18.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASC will have a dividend payout ratio of 30.33% 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 number of institutional and retail investors. Top institutional investors include Private Management Group Inc. (4.00%), JPMorgan Chase & Co. (1.58%), Sei Investments Co. (1.24%), Federated Hermes Inc. (0.93%), Great Lakes Advisors LLC (0.89%) and Northern Trust Corp (0.84%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Ardmore Shipping Stock Price, News & Analysis (NYSE:ASC)

$14.11

+0.51 (+3.75%)

(As of 10:39 AM ET)

Compare

Today's Range: $13.66
▼
$14.11
50-Day Range: $11.85
▼
$14.00
52-Week Range: $11.59
▼
$19.41

Volume: 153,725 shs
Average Volume: 742,698 shs
Market Capitalization: $601.79 million

P/E Ratio: 4.17
Dividend Yield: 4.54%
Price Target: $18.50

Ardmore Shipping MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 32.1% Upside
$18.50 Price Target
Short Interest: Healthy
2.05% 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: -21.27%
From $2.68 to $2.11 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Transportation Sector

43rd out of 116 stocks

Deep Sea Foreign Transportation Of Freight Industry

12th 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.
Price Target Upside/Downside
According to analysts' consensus price target of $18.50, Ardmore Shipping has a forecasted upside of 32.1% from its current price of $14.00.
Amount of Analyst Coverage
Ardmore Shipping has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.05% 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 increased by 0.83%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Ardmore Shipping is a leading dividend payer. It pays a dividend yield of 4.72%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ardmore Shipping does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ardmore Shipping is 18.93%. 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 30.33% 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.

2.3

News and Social Media Coverage

News Sentiment
Ardmore Shipping has a news sentiment score of 1.12. 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 0.41 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Ardmore Shipping this week, compared to 2 articles on an average week.
Search Interest
Only 10 people have searched for ASC on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
MarketBeat Follows
Only 11 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is a decrease of -27% 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
71.45% 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 -21.27% in the coming year, from $2.68 to $2.11 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ardmore Shipping is 4.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ardmore Shipping is 4.14, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 11.79.
Price to Book Value per Share Ratio
Ardmore Shipping has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ardmore Shipping Stock (NYSE:ASC)

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of March 15, 2023, the company operated a fleet of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and five chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company 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

November 26, 2023 | americanbankingnews.com

Ardmore Shipping (NYSE:ASC) Shares Gap Up to $13.51

November 24, 2023 | finance.yahoo.com

Is It Smart To Buy Ardmore Shipping Corporation (NYSE:ASC) Before It Goes Ex-Dividend?

December 1, 2023 | Wealthpress (Ad)

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November 16, 2023 | seekingalpha.com

Why I Continue To Include Ardmore Shipping In My Value Portfolio

November 9, 2023 | finance.yahoo.com

Here's Why We Think Ardmore Shipping (NYSE:ASC) Is Well Worth Watching

November 7, 2023 | seekingalpha.com

Ardmore Shipping Corporation 2023 Q3 - Results - Earnings Call Presentation

November 7, 2023 | finance.yahoo.com

Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2023

November 2, 2023 | markets.businessinsider.com

Cleaves Securities Reaffirms Their Buy Rating on Ardmore Shipping (ASC)

December 1, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

October 31, 2023 | morningstar.com

Ardmore Shipping Corp ASC

October 31, 2023 | finance.yahoo.com

What's in Store for Ardmore Shipping (ASC) in Q3 Earnings?

October 26, 2023 | finance.yahoo.com

3 Shipping Stocks to Bet on From a Promising Industry

October 26, 2023 | msn.com

Ardmore Shipping: Lagging Peers, Time To Catch Up

October 26, 2023 | finance.yahoo.com

Zacks.com featured highlights Vista Oil & Gas, NVIDIA and Ardmore Shipping

October 25, 2023 | finance.yahoo.com

Ardmore Shipping (ASC) Advances While Market Declines: Some Information for Investors

October 24, 2023 | finance.yahoo.com

Ardmore Shipping Announces Third Quarter 2023 Conference Call and Webcast

October 18, 2023 | finance.yahoo.com

Ardmore Shipping (ASC) Stock Moves -0.29%: What You Should Know

October 12, 2023 | finance.yahoo.com

(ASC) Gains As Market Dips: What You Should Know

October 7, 2023 | finance.yahoo.com

Are Investors Undervaluing Ardmore Shipping Corporation (NYSE:ASC) By 31%?

October 6, 2023 | finance.yahoo.com

Ardmore Shipping (ASC) Ascends But Remains Behind Market: Some Facts to Note

October 3, 2023 | seekingalpha.com

Ardmore Shipping: Transformation Phase, Sustainability Efforts, And Cheap

October 2, 2023 | finance.yahoo.com

Best Income Stocks to Buy for October 2nd

October 2, 2023 | finance.yahoo.com

Best Value Stocks to Buy for October 2nd

September 20, 2023 | finance.yahoo.com

Is Weakness In Ardmore Shipping Corporation (NYSE:ASC) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?

September 18, 2023 | markets.businessinsider.com

Cleaves Securities Sticks to Their Buy Rating for Ardmore Shipping (ASC)

September 15, 2023 | finance.yahoo.com

Ardmore Shipping (ASC) Stock Moves -1.11%: What You Should Know

September 10, 2023 | msn.com

Ardmore Shipping: TCE Rates Rebounding And The Stock Is Attractively Priced

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/30/2023
Dividend Payable: 9/15/2023
Last Earnings: 11/07/2023
Ex-Dividend for 12/15 Dividend: 11/29/2023
Today: 11/30/2023
Dividend Payable: 12/15/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/13/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Sector: Transportation
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: $18.50
High Stock Price Target: $19.00
Low Stock Price Target: $18.00
Potential Upside/Downside: +36.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.38
Trailing P/E Ratio: 4.03
Forward P/E Ratio: 5.08
P/E Growth: N/A
Net Income: $138.45 million
Net Margins: 33.43%
Pretax Margin: 33.75%
Return on Equity: 29.15%
Return on Assets: 20.55%

Debt

Debt-to-Equity Ratio: 0.17
Current Ratio: 2.90
Quick Ratio: 2.55

Sales & Book Value

Annual Sales: $445.74 million
Price / Sales: 1.30
Cash Flow: $4.52 per share
Price / Cash Flow: 3.01
Book Value: $12.12 per share
Price / Book: 1.12

Miscellaneous

Outstanding Shares: 42,650,000
Free Float: N/A
Market Cap: $580.25 million
Optionable: Optionable
Beta: 0.57

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Key Executives

Mr. Anthony Gurnee CFA (Age 63)
Founder, President, CEO & Director
Mr. Bart B. Kelleher (Age 48)
Secretary & CFO
Mr. Mark Cameron (Age 57)
Executive VP & COO
Mr. Barry O'Neill
Director of Accounting
Suraj Batra
Technical Manager
Nadia Mather
Director of Legal
Ms. Jacqueline Kelly
Manager of HR & Corporate Services
Mr. Gernot Ruppelt (Age 42)
Senior VP & Chief Commercial Officer
Ms. Holly S. Cummings
Head of Commercial (West) Americas
Ashish Malik
Managing Director of Anglo Ardmore Joint Venture

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 analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 1 year price targets for Ardmore Shipping's stock. Their ASC share price targets range from $18.00 to $19.00. On average, they predict the company's share price to reach $18.50 in the next year. This suggests a possible upside of 32.1% 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 2023?: Ardmore Shipping's stock was trading at $14.41 at the beginning of the year. Since then, ASC stock has decreased by 2.8% and is now trading at $14.00.
View the best growth stocks for 2023 here.
Are investors shorting Ardmore Shipping?: Ardmore Shipping saw a drop in short interest in October. As of October 31st, there was short interest totaling 868,400 shares, a drop of 11.5% from the October 15th total of 980,800 shares. Based on an average daily trading volume, of 550,000 shares, the short-interest ratio is presently 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, February 13th 2024.
View our ASC earnings forecast.
How were Ardmore Shipping's earnings last quarter?: Ardmore Shipping Co. (NYSE:ASC) issued its earnings results on Tuesday, November, 7th. The shipping company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.06. The shipping company had revenue of $56.30 million for the quarter, compared to the consensus estimate of $53.94 million. Ardmore Shipping had a trailing twelve-month return on equity of 29.15% and a net margin of 33.43%.
How often does Ardmore Shipping pay dividends? What is the dividend yield for Ardmore Shipping?: Ardmore Shipping announced a quarterly dividend on Tuesday, November 7th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.16 per share on Friday, December 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Wednesday, November 29th.
Read our dividend analysis for ASC.

Is Ardmore Shipping a good dividend stock?: Ardmore Shipping (NYSE:ASC) pays an annual dividend of $0.64 per share and currently has a dividend yield of 4.72%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 18.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASC will have a dividend payout ratio of 30.33% 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 number of institutional and retail investors. Top institutional investors include Private Management Group Inc. (4.00%), JPMorgan Chase & Co. (1.58%), Sei Investments Co. (1.24%), Federated Hermes Inc. (0.93%), Great Lakes Advisors LLC (0.89%) and Northern Trust Corp (0.84%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:ASC) was last updated on 12/1/2023 by MarketBeat.com Staff

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