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NYSE:ASC

Ardmore Shipping (ASC) Stock Forecast, Price & News

$12.57
+0.69 (+5.81%)
(As of 06/2/2023 ET)
Compare
Today's Range
$12.11
$12.79
50-Day Range
$11.71
$16.89
52-Week Range
$6.32
$19.41
Volume
964,642 shs
Average Volume
906,041 shs
Market Capitalization
$510.72 million
P/E Ratio
2.70
Dividend Yield
11.14%
Price Target
$22.00

Ardmore Shipping MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
75.0% Upside
$22.00 Price Target
Short Interest
Healthy
4.41% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
0.34mentions of Ardmore Shipping in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-37.28%
From $2.79 to $1.75 Per Share

Overall MarketRank

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

2.30 out of 5 stars

Transportation Sector

46th out of 120 stocks

Deep Sea Foreign Transportation Of Freight Industry

15th out of 29 stocks


ASC stock logo

About Ardmore Shipping (NYSE:ASC) Stock

Ardmore Shipping Corp. engages in the provision of seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with modern, fuel-efficient fleet of mid-size products and chemical tankers. It also owns and operates a fleet of tankers. The company was founded by Anthony Gurnee on April 15, 2010 and is headquartered in Pembroke, Bermuda.

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ASC Stock News Headlines

Ardmore Shipping (NYSE: ASC)
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
Ardmore Shipping Co. (ASC) To Go Ex-Dividend on May 30th
15 A.I. Trading Opportunities a Day
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
Best Momentum Stock to Buy for April 27th
Ardmore Shipping (NYSE:ASC) Trading Up 6.7%
Ardmore Shipping Is Riding Some Powerful Tailwinds
See More Headlines

ASC Price History

ASC Company Calendar

Last Earnings
11/10/2021
Ex-Dividend for 3/15 Dividend
2/27/2023
Dividend Payable
3/15/2023
Ex-Dividend for 6/15 Dividend
5/30/2023
Today
6/02/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
7/26/2023
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
1,047
Year Founded
2010

Price Target and Rating

Average Stock Price Forecast
$22.00
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+75.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$138.45 million
Pretax Margin
38.04%

Debt

Sales & Book Value

Annual Sales
$445.74 million
Cash Flow
$4.80 per share
Book Value
$12.17 per share

Miscellaneous

Free Float
N/A
Market Cap
$510.72 million
Optionable
Optionable
Beta
0.53

Social Links


Key Executives

  • Anthony Gurnee
    President, Chief Executive Officer & Director
  • Mark Cameron
    Chief Operating Officer & Executive Vice President
  • Bart B. Kelleher
    Chief Financial Officer & Secretary
  • Suraj Batra
    Technical Manager
  • Gernot Ruppelt
    Chief Commercial Officer & Senior Vice President













ASC Stock - Frequently Asked Questions

Should I buy or sell Ardmore Shipping stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities 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?

3 brokerages have issued twelve-month price objectives for Ardmore Shipping's stock. Their ASC share price forecasts range from $20.00 to $24.00. On average, they expect the company's stock price to reach $22.00 in the next year. This suggests a possible upside of 75.0% 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 stock has decreased by 12.8% and is now trading at $12.57.
View the best growth stocks for 2023 here
.

Are investors shorting Ardmore Shipping?

Ardmore Shipping saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,730,000 shares, a drop of 8.5% from the April 15th total of 1,890,000 shares. Based on an average daily trading volume, of 977,800 shares, the days-to-cover ratio is currently 1.8 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, July 26th 2023.
View our ASC earnings forecast
.

How were Ardmore Shipping's earnings last quarter?

Ardmore Shipping Co. (NYSE:ASC) announced its quarterly earnings data on Wednesday, November, 10th. The shipping company reported ($0.37) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by $0.03. The shipping company earned $24.10 million during the quarter, compared to analyst estimates of $25.99 million. Ardmore Shipping had a trailing twelve-month return on equity of 44.35% and a net margin of 37.86%. During the same period in the previous year, the business posted ($0.20) earnings per share.

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

Ardmore Shipping declared a quarterly dividend on Tuesday, May 9th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.35 per share on Thursday, June 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.14%. The ex-dividend date is Tuesday, May 30th.
Read our dividend analysis for ASC
.

Is Ardmore Shipping a good dividend stock?

Ardmore Shipping (NYSE:ASC) pays an annual dividend of $1.40 per share and currently has a dividend yield of 11.96%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, ASC will have a dividend payout ratio of 80.00% in the coming year. This indicates that the company may not be able to sustain their current 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.50%), Dimensional Fund Advisors LP (6.18%), Aristotle Capital Boston LLC (4.92%), Private Management Group Inc. (4.33%), Two Sigma Investments LP (2.06%) and Arrowstreet Capital Limited Partnership (1.96%).
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 $12.57.

How much money does Ardmore Shipping make?

Ardmore Shipping (NYSE:ASC) has a market capitalization of $510.72 million and generates $445.74 million in revenue each year. The shipping company earns $138.45 million in net income (profit) each year or $4.65 on an earnings per share basis.

How many employees does Ardmore Shipping have?

The company employs 1,047 workers across the globe.

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 6/2/2023 by MarketBeat.com Staff

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