About Ardmore Shipping Corp
Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company's segment relates to the operations of its vessels. The Company's fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation. The Company's vessels include Ardmore Seavaliant, Ardmore Seaventure, Ardmore Seavantage, Ardmore Seavanguard, Ardmore Sealion, Ardmore Seafox, Ardmore Seahawk, Ardmore Endeavour, Ardmore Seafarer, Ardmore Seatrader, Ardmore Seamaster and Ardmore Sealeader. The Company has over 30 subsidiaries, the majority of which represent single ship-owning companies for its fleet. Its subsidiaries include Ardmore Shipping (Bermuda) Limited (ASBL), Ardmore Shipping Services (Ireland) Limited (ASSIL), Ardmore Shipping (Asia) Pte. Limited and Ardmore Shipping (Americas) LLC.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Shipping
- Sub-Industry: N/A
- Exchange: NYSE
- Symbol: ASC
- Previous Close: $6.95
- 50 Day Moving Average: $7.318
- 200 Day Moving Average: $7.054
- 52-Week Range: $5.00 - $9.96
- Trailing P/E Ratio: 56.653
- Foreward P/E Ratio: 7.66
- P/E Growth: 11.670
- Market Cap: $235.86M
- Outstanding Shares: 33,575,000
- Beta: 1.52
- Net Margins: 2.28%
- Return on Equity: 1.64%
- Return on Assets: 0.78%
Companies Related to Ardmore Shipping Corp:
- Debt-to-Equity Ratio: 1.04%
- Current Ratio: 1.59%
- Quick Ratio: 1.46%
What is Ardmore Shipping Corp's stock symbol?
Ardmore Shipping Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASC."
How often does Ardmore Shipping Corp pay dividends? What is the dividend yield for Ardmore Shipping Corp?
Ardmore Shipping Corp announced a quarterly dividend on Wednesday, August 3rd. Investors of record on Tuesday, August 16th will be paid a dividend of $0.11 per share on Wednesday, August 31st. This represents a $0.44 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend is Friday, August 12th.
Where is Ardmore Shipping Corp's stock going? Where will Ardmore Shipping Corp's stock price be in 2017?
9 equities research analysts have issued 12-month target prices for Ardmore Shipping Corp's stock. Their predictions range from $8.00 to $15.00. On average, they expect Ardmore Shipping Corp's stock price to reach $11.60 in the next twelve months.
When will Ardmore Shipping Corp announce their earnings?
Ardmore Shipping Corp is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.
What are analysts saying about Ardmore Shipping Corp stock?
Here are some recent quotes from research analysts about Ardmore Shipping Corp stock:
According to Zacks Investment Research, "Ardmore Shipping Corporation engages in the ownership and operation of product and chemical tankers. It provides shipping services to customers through voyage charters, commercial pools, and time charters. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Ardmore Shipping Corporation is based in Mahon, Ireland. " (12/27/2016)
Morgan Stanley analysts commented, "Despite weak demand and low refinery margins, a low order book keeps rates above breakeven and ASC profitable," analyst Fotis Giannakoulis wrote in a note.However, rates remain above break-even levels, as the order book is at an all-time low and fleet supply growth declines."As global product inventories decline and refinery margins recover, MR rates start gradually improving averaging $16kpd in 2017 and $17kpd in 2018, allowing ASC to generate solid profits and pay a dividend of ~$0.45 in 2017 and over $0.60 in 2018," Giannakoulis noted.Further, new export-oriented refineries in the Middle East and Asia are expected to drive further growth in trade, in addition to ton-mile expansion through growing dislocation of refining capacity.Related Link: DHT Holdings At A Discount to NAV; Morgan Stanley DowngradesHowever, Giannakoulis cut the price target on the stock to $8 from $9.5.Meanwhile, the analyst's bull case calls for a price target of $13 based on assumption that global trade in refined product strengthens significantly as oil demand rises, benefiting from low oil prices and better macro.The bull case also assumes MR2 vessels earn $22kpd, allowing ASC to generate $90 million of operating cash flow and about $2.30 EPS. Further, the thesis assumes ASC distributes 60 percent of its EPS and market sees about a $1.10 dividend.On the other hand, Giannakoulis' bear case calls for a price target of $5 as "high new building deliveries in 2016 and a softer freight rate environment drive asset values 20 percent below our base case." (8/25/2016)
Who owns Ardmore Shipping Corp stock?
Ardmore Shipping Corp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include FMR LLC (8.63%), Royce & Associates LP (4.33%), Franklin Resources Inc. (1.46%), State Street Corp (1.24%), Van Den Berg Management I Inc. (1.05%) and Thrivent Financial for Lutherans (1.01%).
Who sold Ardmore Shipping Corp stock? Who is selling Ardmore Shipping Corp stock?
Ardmore Shipping Corp's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, AQR Capital Management LLC, State Street Corp, Allianz Asset Management AG and Guggenheim Capital LLC.
Who bought Ardmore Shipping Corp stock? Who is buying Ardmore Shipping Corp stock?
Ardmore Shipping Corp's stock was purchased by a variety of institutional investors in the last quarter, including Van Den Berg Management I Inc., Russell Investments Group Ltd., Royce & Associates LP, Alyeska Investment Group L.P., Eii Capital Management Inc., Signia Capital Management LLC, GRT Capital Partners L.L.C. and Franklin Resources Inc..
How do I buy Ardmore Shipping Corp stock?
Shares of Ardmore Shipping Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Ardmore Shipping Corp stock cost?
One share of Ardmore Shipping Corp stock can currently be purchased for approximately $7.05.