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NYSE:ASC

Ardmore Shipping (ASC) Stock Price, News & Analysis

$22.85
-0.13 (-0.57%)
(As of 04:00 PM ET)
Today's Range
$22.59
$23.14
50-Day Range
$15.59
$23.38
52-Week Range
$11.59
$23.44
Volume
611,054 shs
Average Volume
677,821 shs
Market Capitalization
$928.40 million
P/E Ratio
8.75
Dividend Yield
3.68%
Price Target
$21.50

Ardmore Shipping MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
5.9% Downside
$21.50 Price Target
Short Interest
Healthy
4.06% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
1.38mentions of Ardmore Shipping in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-38.15%
From $3.25 to $2.01 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.

3.19 out of 5 stars

Transportation Sector

52nd out of 116 stocks

Deep Sea Foreign Transportation Of Freight Industry

8th out of 29 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 enjoys tanker market revenge
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Ardmore Shipping Corporation (ASC)
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INSW Sep 2024 70.000 put
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See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/28/2024
Dividend Payable
3/15/2024
Last Earnings
5/08/2024
Today
5/28/2024
Ex-Dividend for 6/14 Dividend
5/31/2024
Dividend Payable
6/14/2024
Next Earnings (Estimated)
8/06/2024
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
$21.50
High Stock Price Target
$22.00
Low Stock Price Target
$21.00
Potential Upside/Downside
-6.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$116.81 million
Pretax Margin
29.53%

Debt

Sales & Book Value

Annual Sales
$395.98 million
Cash Flow
$3.49 per share
Book Value
$12.60 per share

Miscellaneous

Free Float
N/A
Market Cap
$929.61 million
Optionable
Optionable
Beta
0.36

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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
  • 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
  • Gerald Tan
    Head of Commercial (East) & GM of Singapore Office

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 year. 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 analysts have issued 12-month price objectives for Ardmore Shipping's stock. Their ASC share price targets range from $21.00 to $22.00. On average, they predict the company's stock price to reach $21.50 in the next year. This suggests that the stock has a possible downside of 5.9%.
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 the year. Since then, ASC shares have increased by 62.2% and is now trading at $22.86.
View the best growth stocks for 2024 here
.

Are investors shorting Ardmore Shipping?

Ardmore Shipping saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,650,000 shares, an increase of 88.5% from the April 30th total of 875,200 shares. Based on an average daily volume of 625,800 shares, the days-to-cover ratio is currently 2.6 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, August 6th 2024.
View our ASC earnings forecast
.

How were Ardmore Shipping's earnings last quarter?

Ardmore Shipping Co. (NYSE:ASC) posted its quarterly earnings results on Wednesday, May, 8th. The shipping company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.05. The shipping company earned $106.30 million during the quarter, compared to analyst estimates of $72.46 million. Ardmore Shipping had a trailing twelve-month return on equity of 21.06% and a net margin of 29.15%. The firm's revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 EPS.

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

Ardmore Shipping announced a quarterly dividend on Wednesday, May 8th. Investors of record on Friday, May 31st will be given a dividend of $0.31 per share on Friday, June 14th. This represents a $1.24 annualized dividend and a yield of 5.42%. The ex-dividend date is Friday, May 31st. This is a positive change from the stock's previous quarterly dividend of $0.21.
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 3.66%. The dividend payout ratio is 32.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASC will have a dividend payout ratio of 41.79% 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 SonicShares Global Shipping ETF (BOAT) and iShares US Small Cap Value Factor ETF (SVAL).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 number of institutional and retail investors. Top institutional investors include Private Management Group Inc. (3.94%), Russell Investments Group Ltd. (1.45%), Vanguard Group Inc. (1.33%), Sei Investments Co. (1.22%), Empowered Funds LLC (0.45%) and SG Americas Securities LLC (0.33%).
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 5/28/2024 by MarketBeat.com Staff

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