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NYSE:ASC

Ardmore Shipping (ASC) Stock Forecast, Price & News

$13.16
+0.29 (+2.25%)
(As of 10:39 AM ET)
Compare
Today's Range
$12.82
$13.17
50-Day Range
$12.06
$14.08
52-Week Range
$8.75
$19.41
Volume
80,818 shs
Average Volume
776,077 shs
Market Capitalization
$561.27 million
P/E Ratio
2.98
Dividend Yield
5.78%
Price Target
$18.50

Ardmore Shipping MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
43.7% Upside
$18.50 Price Target
Short Interest
Healthy
3.47% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
0.01mentions of Ardmore Shipping in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-20.16%
From $2.58 to $2.06 Per Share

Overall MarketRank

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

2.31 out of 5 stars

Transportation Sector

61st out of 116 stocks

Deep Sea Foreign Transportation Of Freight Industry

14th out of 27 stocks


ASC stock logo

About Ardmore Shipping (NYSE:ASC) Stock

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 Price History

ASC Stock News Headlines

Ardmore Shipping (NYSE:ASC) Upgraded to "Buy" by StockNews.com
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Cleaves Securities Sticks to Their Buy Rating for Ardmore Shipping (ASC)
Ardmore Shipping (NYSE:ASC) Rating Lowered to Hold at StockNews.com
How is This "Hidden Gem" Thriving in a Turbulent Market?
While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.
Drewry Financial Sticks to Their Buy Rating for Ardmore Shipping (ASC)
Ardmore Shipping (ASC) Beats Q2 Earnings Estimates
Ardmore Shipping (ASC) Receives a Rating Update from a Top Analyst
Ardmore Shipping (NYSE: ASC)
See More Headlines
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ASC Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 9/15 Dividend
8/30/2023
Dividend Payable
9/15/2023
Today
9/26/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$18.50
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+43.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$138.45 million
Pretax Margin
38.27%

Debt

Sales & Book Value

Annual Sales
$445.74 million
Cash Flow
$4.52 per share
Book Value
$11.55 per share

Miscellaneous

Free Float
N/A
Market Cap
$548.91 million
Optionable
Optionable
Beta
0.59

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

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













ASC Stock - Frequently Asked Questions

Should I buy or sell Ardmore Shipping stock right now?

2 Wall Street research 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 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 forecast for 2023?

2 brokerages have issued twelve-month price objectives for Ardmore Shipping's stock. Their ASC share price forecasts range from $18.00 to $19.00. On average, they anticipate the company's stock price to reach $18.50 in the next year. This suggests a possible upside of 43.7% 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 start of the year. Since then, ASC shares have decreased by 10.7% and is now trading at $12.87.
View the best growth stocks for 2023 here
.

Are investors shorting Ardmore Shipping?

Ardmore Shipping saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,480,000 shares, an increase of 15.6% from the August 15th total of 1,280,000 shares. Based on an average trading volume of 618,900 shares, the days-to-cover ratio is presently 2.4 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 Wednesday, November 1st 2023.
View our ASC earnings forecast
.

How were Ardmore Shipping's earnings last quarter?

Ardmore Shipping Co. (NYSE:ASC) posted its quarterly earnings data on Tuesday, August, 1st. The shipping company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.01. The shipping company earned $60.40 million during the quarter, compared to analyst estimates of $61.89 million. Ardmore Shipping had a trailing twelve-month return on equity of 39.47% and a net margin of 37.98%.

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

Ardmore Shipping announced a quarterly dividend on Tuesday, August 1st. Investors of record on Thursday, August 31st will be paid a dividend of $0.19 per share on Friday, September 15th. This represents a $0.76 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Wednesday, August 30th.
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).

Is Ardmore Shipping a good dividend stock?

Ardmore Shipping (NYSE:ASC) pays an annual dividend of $0.76 per share and currently has a dividend yield of 5.95%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 17.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASC will have a dividend payout ratio of 36.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASC.

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).

What is Ardmore Shipping's stock symbol?

Ardmore Shipping trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASC."

Who are Ardmore Shipping's major shareholders?

Ardmore Shipping's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.03%), Dimensional Fund Advisors LP (6.23%), Aristotle Capital Boston LLC (4.76%), Goldman Sachs Group Inc. (2.54%), State Street Corp (1.63%) and Royce & Associates LP (1.62%).
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.

What is Ardmore Shipping's stock price today?

One share of ASC stock can currently be purchased for approximately $12.87.

How much money does Ardmore Shipping make?

Ardmore Shipping (NYSE:ASC) has a market capitalization of $548.91 million and generates $445.74 million in revenue each year. The shipping company earns $138.45 million in net income (profit) each year or $4.41 on an earnings per share basis.

How can I contact Ardmore Shipping?

Ardmore Shipping's mailing address is Belvedere Building 69 Pitts Bay Road Ground Floor, Pembroke D0, HM08. The official website for the company is ardmoreshipping.com. The shipping company can be reached via phone at (441) 405-7800 or via email at lberman@igbir.com.

This page (NYSE:ASC) was last updated on 9/26/2023 by MarketBeat.com Staff

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