NYSE:ASC Ardmore Shipping (ASC) Stock Forecast, Price & News $12.44 0.00 (0.00%) (As of 09/21/2023 ET) Add Compare Share Share Today's Range$12.12▼$12.5650-Day Range$11.80▼$14.0852-Week Range$8.75▼$19.41Volume716,690 shsAverage Volume466,007 shsMarket Capitalization$530.57 millionP/E Ratio2.82Dividend Yield6.11%Price Target$18.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ardmore Shipping MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside48.7% Upside$18.50 Price TargetShort InterestHealthy3.47% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-6.65Upright™ Environmental ScoreNews Sentiment-0.07Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth-20.16%From $2.58 to $2.06 Per ShareSee Full Details Hide Full Details 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 starsTransportation Sector61st out of 114 stocksDeep Sea Foreign Transportation Of Freight Industry13th out of 27 stocks 3.5 Analyst's Opinion Consensus RatingArdmore 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/DownsideAccording to analysts' consensus price target of $18.50, Ardmore Shipping has a forecasted upside of 48.7% from its current price of $12.44.Amount of Analyst CoverageArdmore Shipping has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.47% of the outstanding shares of Ardmore Shipping have been sold short.Short Interest Ratio / Days to CoverArdmore Shipping has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ardmore Shipping has recently increased by 15.62%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipArdmore Shipping is a leading dividend payer. It pays a dividend yield of 6.05%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthArdmore Shipping does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Ardmore Shipping is 17.23%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ardmore Shipping will have a dividend payout ratio of 36.89% next year. This indicates that Ardmore Shipping will be able to sustain or increase its dividend. Previous Next 0.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreArdmore 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 SustainabilityThe Environmental Impact score for Ardmore Shipping is -6.65. Previous Next 1.6 News and Social Media Coverage News SentimentArdmore Shipping has a news sentiment score of -0.07. 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 lower news sentiment than the 0.65 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Ardmore Shipping this week, compared to 2 articles on an average week.Search InterestOnly 4 people have searched for ASC on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.MarketBeat Follows16 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is an increase of 129% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ardmore Shipping insiders have not sold or bought any company stock.Percentage Held by Institutions71.45% of the stock of Ardmore Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Ardmore Shipping are expected to decrease by -20.16% in the coming year, from $2.58 to $2.06 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ardmore Shipping is 2.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.41.Price to Earnings Ratio vs. SectorThe P/E ratio of Ardmore Shipping is 2.82, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 10.82.Price to Book Value per Share RatioArdmore Shipping has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Ardmore Shipping (NYSE:ASC) StockArdmore 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.Read More ASC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASC Stock News HeadlinesSeptember 22, 2023 | americanbankingnews.comArdmore Shipping (NYSE:ASC) Upgraded to "Buy" by StockNews.comSeptember 20, 2023 | finance.yahoo.comIs Weakness In Ardmore Shipping Corporation (NYSE:ASC) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?September 22, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. September 18, 2023 | markets.businessinsider.comCleaves Securities Sticks to Their Buy Rating for Ardmore Shipping (ASC)September 16, 2023 | americanbankingnews.comArdmore Shipping (NYSE:ASC) Rating Lowered to Hold at StockNews.comSeptember 16, 2023 | americanbankingnews.comHead-To-Head Survey: Ardmore Shipping (NYSE:ASC) and Kawasaki Kisen Kaisha (OTCMKTS:KAIKY)September 15, 2023 | finance.yahoo.comArdmore Shipping (ASC) Stock Moves -1.11%: What You Should KnowSeptember 10, 2023 | msn.comArdmore Shipping: TCE Rates Rebounding And The Stock Is Attractively PricedSeptember 22, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. August 29, 2023 | finance.yahoo.comArdmore Shipping Corporation (NYSE:ASC) is favoured by institutional owners who hold 69% of the companyAugust 17, 2023 | markets.businessinsider.comDrewry Financial Sticks to Their Buy Rating for Ardmore Shipping (ASC)August 13, 2023 | seekingalpha.comArdmore Shipping: An Improving Market And A Probable Special DividendAugust 2, 2023 | msn.comJefferies Reiterates Ardmore Shipping (ASC) Buy RecommendationAugust 1, 2023 | finance.yahoo.comArdmore Shipping (ASC) Beats Q2 Earnings EstimatesJuly 24, 2023 | finance.yahoo.comWhat's in Store for Ardmore Shipping (ASC) in Q2 Earnings?July 24, 2023 | finance.yahoo.comInvestors in Ardmore Shipping (NYSE:ASC) have seen splendid returns of 204% over the past three yearsJuly 18, 2023 | finance.yahoo.comArdmore Shipping Announces Second Quarter 2023 Conference Call and WebcastJuly 6, 2023 | msn.comAre Options Traders Betting on a Big Move in Ardmore Shipping (ASC) Stock?July 3, 2023 | finance.yahoo.comInvestors Shouldn't Overlook Ardmore Shipping's (NYSE:ASC) Impressive Returns On CapitalJuly 3, 2023 | msn.comArdmore Shipping: The 10% Dividend Yield Is ReliableJune 22, 2023 | finance.yahoo.com2 Affordable Highly-Ranked Stocks to Buy for Dividend Yields Over 5%June 22, 2023 | finance.yahoo.com3 Shipping Stocks to Buy Now for a Stronger PortfolioJune 18, 2023 | markets.businessinsider.comArdmore Shipping (ASC) Receives a Rating Update from a Top AnalystJune 15, 2023 | finance.yahoo.comArdmore Shipping Announces Publication of 2022 Sustainability Report and Joins Its Shipping Industry Peers in Calling On Regulators To Provide A Clear And Accelerated Decarbonization PathwayJune 9, 2023 | finance.yahoo.comArdmore Shipping (ASC) Outpaces Stock Market Gains: What You Should KnowJune 8, 2023 | finance.yahoo.comArdmore Shipping Corporation's (NYSE:ASC) Price Is Out Of Tune With RevenuesMay 27, 2023 | fool.comArdmore Shipping (NYSE: ASC)See More Headlines Receive ASC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ardmore Shipping and its competitors with MarketBeat's FREE daily newsletter. Email Address ASC Company Calendar Last Earnings8/01/2023Ex-Dividend for 9/15 Dividend8/30/2023Dividend Payable9/15/2023Today9/22/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:ASC CUSIPN/A CIK1577437 Webardmoreshipping.com Phone(441) 405-7800FaxN/AEmployees56Year Founded2010Price Target and Rating Average Stock Price Forecast$18.50 High Stock Price Forecast$19.00 Low Stock Price Forecast$18.00 Forecasted Upside/Downside+48.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$4.41 Trailing P/E Ratio2.82 Forward P/E Ratio4.82 P/E GrowthN/ANet Income$138.45 million Net Margins37.98% Pretax Margin38.27% Return on Equity39.47% Return on Assets26.10% Debt Debt-to-Equity Ratio0.23 Current Ratio3.50 Quick Ratio3.13 Sales & Book Value Annual Sales$445.74 million Price / Sales1.19 Cash Flow$4.43 per share Price / Cash Flow2.81 Book Value$11.55 per share Price / Book1.08Miscellaneous Outstanding Shares42,650,000Free FloatN/AMarket Cap$530.57 million OptionableOptionable Beta0.59 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. 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'NeillDirector of AccountingSuraj BatraTechnical Mang.Nadia MatherDirector of LegalMs. Jacqueline KellyMang. of HR & Corp. ServicesMr. Gernot Ruppelt (Age 42)Sr. VP & Chief Commercial Officer Ms. Holly S. CummingsHead of Commercial (West) AmericasAshish MalikManaging Director of Anglo Ardmore Joint VentureMore ExecutivesKey CompetitorsTeekayNYSE:TKGenco Shipping & TradingNYSE:GNKTsakos Energy NavigationNYSE:TNPGlobal Ship LeaseNYSE:GSLEagle Bulk ShippingNASDAQ:EGLEView All CompetitorsInstitutional OwnershipBarclays PLCSold 12,573 shares on 9/21/2023Ownership: 0.019%Wolverine Trading LLCSold 5,900 shares on 8/23/2023Ownership: 0.000%California State Teachers Retirement SystemSold 1,534 shares on 8/21/2023Ownership: 0.032%Citadel Advisors LLCSold 1,100 shares on 8/15/2023Ownership: 0.000%Black Maple Capital Management LPBought 2,809 shares on 8/15/2023Ownership: 0.053%View All Institutional Transactions ASC Stock - 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 forecast for 2023? 2 analysts have issued twelve-month price targets for Ardmore Shipping's stock. Their ASC share price forecasts range from $18.00 to $19.00. On average, they predict the company's stock price to reach $18.50 in the next year. This suggests a possible upside of 48.7% 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 beginning of the year. Since then, ASC shares have decreased by 13.7% and is now trading at $12.44. 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 short-interest 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) released 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 the consensus estimate 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 declared a quarterly dividend on Tuesday, August 1st. Shareholders of record on Thursday, August 31st will be given a dividend of $0.19 per share on Friday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date 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 6.05%. 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 number of institutional and retail investors. Top institutional investors 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 $12.44. How much money does Ardmore Shipping make? Ardmore Shipping (NYSE:ASC) has a market capitalization of $530.57 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 9/22/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ardmore Shipping Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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