NYSE:ASC - Ardmore Shipping Stock Price, News, & Analysis

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$5.48 -0.24 (-4.20 %)
(As of 03/24/2019 07:16 AM ET)
Previous Close$5.48
Today's Range$5.43 - $5.6550
52-Week Range$4.22 - $8.75
Volume146,931 shs
Average Volume109,260 shs
Market Capitalization$181.39 million
P/E RatioN/A
Dividend YieldN/A
Beta1.16
Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals worldwide. As of January 31, 2019, the company operated a fleet of 27 double-hulled product and chemical tankers, including 21 Eco-design and 6 Eco-mod vessels. It serves oil majors, oil companies, oil and chemical traders, and chemical companies. The company was founded in 2010 and is based in Pembroke, Bermuda.

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Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
CUSIPN/A
Phone441-405-7800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$210.18 million
Cash Flow$0.2758 per share
Book Value$10.47 per share

Profitability

Net Income$-42,930,000.00

Miscellaneous

Employees1,151
Market Cap$181.39 million
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable

Ardmore Shipping (NYSE:ASC) Frequently Asked Questions

What is Ardmore Shipping's stock symbol?

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

How will Ardmore Shipping's stock buyback program work?

Ardmore Shipping announced that its board has approved a stock buyback program on Friday, September 1st 2017, which permits the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 9.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

How were Ardmore Shipping's earnings last quarter?

Ardmore Shipping Corp (NYSE:ASC) issued its earnings results on Wednesday, February, 6th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.24) by $0.02. The shipping company had revenue of $58.40 million for the quarter, compared to the consensus estimate of $30.45 million. Ardmore Shipping had a negative return on equity of 9.38% and a negative net margin of 20.43%. Ardmore Shipping's revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.12) earnings per share. View Ardmore Shipping's Earnings History.

When is Ardmore Shipping's next earnings date?

Ardmore Shipping is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Ardmore Shipping.

What price target have analysts set for ASC?

2 equities research analysts have issued 1 year target prices for Ardmore Shipping's stock. Their predictions range from $7.00 to $9.30. On average, they anticipate Ardmore Shipping's stock price to reach $8.15 in the next twelve months. This suggests a possible upside of 48.7% from the stock's current price. View Analyst Price Targets for Ardmore Shipping.

What is the consensus analysts' recommendation for Ardmore Shipping?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ardmore Shipping.

Has Ardmore Shipping been receiving favorable news coverage?

Press coverage about ASC stock has trended positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ardmore Shipping earned a media sentiment score of 2.1 on InfoTrie's scale. They also assigned press coverage about the shipping company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the near term.

Who are some of Ardmore Shipping's key competitors?

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), Intelsat (I), Fossil Group (FOSL), Scorpio Tankers (STNG), Chaarat Gold (CGH), First Data (FDC), Associated British Foods (ABF), Ciena (CIEN), China Unicom (Hong Kong) (CHU) and AMC Entertainment (AMC).

Who are Ardmore Shipping's key executives?

Ardmore Shipping's management team includes the folowing people:
  • Mr. Anthony Gurnee CFA, Founder, Pres, CEO & Director (Age 59)
  • Mr. Paul Tivnan, Sr. VP, CFO, Treasurer & Sec. (Age 39)
  • Mr. Mark Cameron, Exec. VP & COO (Age 53)
  • Mr. Jorge Lavin, Director of Accounting
  • Ms. Aideen O'Driscoll, Director of HR

Who are Ardmore Shipping's major shareholders?

Ardmore Shipping's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Donald Smith & CO. Inc. (9.19%), Boston Partners (6.49%), Bank of New York Mellon Corp (6.42%), Royce & Associates LP (6.25%), BlackRock Inc. (5.75%) and Dimensional Fund Advisors LP (5.08%). View Institutional Ownership Trends for Ardmore Shipping.

Which institutional investors are selling Ardmore Shipping stock?

ASC stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Ingalls & Snyder LLC, FMR LLC, Barclays PLC, New York State Common Retirement Fund, Northern Trust Corp, Eqis Capital Management Inc. and Monarch Partners Asset Management LLC. View Insider Buying and Selling for Ardmore Shipping.

Which institutional investors are buying Ardmore Shipping stock?

ASC stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Bank of New York Mellon Corp, BlackRock Inc., Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Portolan Capital Management LLC, Private Management Group Inc. and Donald Smith & CO. Inc.. View Insider Buying and Selling for Ardmore Shipping.

How do I buy shares of Ardmore Shipping?

Shares of ASC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Ardmore Shipping's stock price today?

One share of ASC stock can currently be purchased for approximately $5.48.

How big of a company is Ardmore Shipping?

Ardmore Shipping has a market capitalization of $181.39 million and generates $210.18 million in revenue each year. The shipping company earns $-42,930,000.00 in net income (profit) each year or ($1.04) on an earnings per share basis. Ardmore Shipping employs 1,151 workers across the globe.

What is Ardmore Shipping's official website?

The official website for Ardmore Shipping is http://ardmoreshipping.com.

How can I contact Ardmore Shipping?

Ardmore Shipping's mailing address is Belvedere Building 69 Pitts Bay Road Ground Floor, Pembroke D0, HM08. The shipping company can be reached via phone at 441-405-7800 or via email at [email protected]


MarketBeat Community Rating for Ardmore Shipping (NYSE ASC)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  285 (Vote Outperform)
Underperform Votes:  270 (Vote Underperform)
Total Votes:  555
MarketBeat's community ratings are surveys of what our community members think about Ardmore Shipping and other stocks. Vote "Outperform" if you believe ASC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ASC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/24/2019 by MarketBeat.com Staff

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