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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


ASC stock logo

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

ASC Stock News Headlines

Ardmore Shipping (NYSE:ASC) Shares Gap Up to $13.51
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Cleaves Securities Reaffirms Their Buy Rating on Ardmore Shipping (ASC)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Ardmore Shipping Corp ASC
3 Shipping Stocks to Bet on From a Promising Industry
(ASC) Gains As Market Dips: What You Should Know
Best Income Stocks to Buy for October 2nd
Best Value Stocks to Buy for October 2nd
Cleaves Securities Sticks to Their Buy Rating for Ardmore Shipping (ASC)
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

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
$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

Net Income
$138.45 million
Pretax Margin
33.75%

Debt

Sales & Book Value

Annual Sales
$445.74 million
Cash Flow
$4.52 per share
Book Value
$12.12 per share

Miscellaneous

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














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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