Ardmore Shipping (ASC) Stock Price, News & Analysis

-0.20 (-0.89%)
(As of 05/17/2024 ET)
Today's Range
50-Day Range
52-Week Range
864,784 shs
Average Volume
664,444 shs
Market Capitalization
$908.49 million
P/E Ratio
Dividend Yield
Price Target

Ardmore Shipping MarketRank™ Stock Analysis

Analyst Rating
3.00 Rating Score
3.8% Downside
$21.50 Price Target
Short Interest
2.15% of Shares Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.64mentions of Ardmore Shipping in the last 14 days
Based on 8 Articles This Week
Insider Trading
Proj. Earnings Growth
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.

3.41 out of 5 stars

Transportation Sector

49th out of 117 stocks

Deep Sea Foreign Transportation Of Freight Industry

9th 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 (NYSE:ASC) Upgraded at StockNews.com
Ardmore Shipping enjoys tanker market revenge
New Strong Buy Stocks for May 10th
Ardmore Shipping: Q1 Earnings Snapshot
3 Oil Stocks to Buy Before the Middle East Spark
Ardmore Shipping Corporation (ASC)
Ardmore Shipping: Solid Q4, But Q1 Will Be Even Better
INSW Sep 2024 70.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 6/14 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Deep sea foreign transportation of freight
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
2 Analysts


Net Income
$116.81 million
Pretax Margin


Sales & Book Value

Annual Sales
$395.98 million
Cash Flow
$3.52 per share
Book Value
$13.98 per share


Free Float
Market Cap
$908.49 million

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ASC Stock Analysis - 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 target for 2024?

2 brokers have issued twelve-month price targets 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 3.8%.
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 on January 1st, 2024. Since then, ASC shares have increased by 58.7% and is now trading at $22.36.
View the best growth stocks for 2024 here

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) announced its earnings results on Wednesday, May, 8th. The shipping company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.05. The shipping company had revenue of $106.30 million for 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%. Ardmore Shipping's revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Shareholders of record on Friday, May 31st will be paid a dividend of $0.31 per share on Friday, June 14th. This represents a $1.24 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Friday, May 31st. This is an increase 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 3.77%. 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 Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).iShares US Small Cap Value Factor ETF (SVAL).

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 shareholders 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 5/18/2024 by MarketBeat.com Staff

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