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

$6.13
-0.06 (-0.97 %)
(As of 08/23/2019 07:07 AM ET)
Today's Range
$6.08
Now: $6.13
$6.30
50-Day Range
$5.59
MA: $7.27
$8.69
52-Week Range
$4.22
Now: $6.13
$8.77
Volume296,565 shs
Average Volume231,264 shs
Market Capitalization$202.90 million
P/E RatioN/A
Dividend YieldN/A
Beta1.18
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. Read More…

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$0.2755 per share
Book Value$9.93 per share

Profitability

Net Income$-42,940,000.00

Miscellaneous

Employees1,128
Market Cap$202.90 million
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable

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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 declared that its Board of Directors has initiated a share buyback plan on Friday, September 1st 2017, which allows the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

How were Ardmore Shipping's earnings last quarter?

Ardmore Shipping Corp (NYSE:ASC) announced its quarterly earnings data on Wednesday, July, 31st. The shipping company reported ($0.10) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.09) by $0.01. The shipping company had revenue of $55 million for the quarter, compared to analyst estimates of $32.16 million. Ardmore Shipping had a negative return on equity of 7.82% and a negative net margin of 21.50%. Ardmore Shipping's revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.26) 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, November 6th 2019. View Earnings Estimates for Ardmore Shipping.

What price target have analysts set for ASC?

3 Wall Street analysts have issued 12-month price targets for Ardmore Shipping's shares. Their predictions range from $8.00 to $9.30. On average, they expect Ardmore Shipping's stock price to reach $8.65 in the next year. This suggests a possible upside of 41.1% from the stock's current price. View Analyst Price Targets for Ardmore Shipping.

What is the consensus analysts' recommendation for Ardmore Shipping?

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

Has Ardmore Shipping been receiving favorable news coverage?

Media stories about ASC stock have been trending positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of 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 2.5 on InfoTrie's scale. They also gave news coverage about the shipping company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the next few days. View News Stories for Ardmore Shipping.

Are investors shorting Ardmore Shipping?

Ardmore Shipping saw a decline in short interest in the month of July. As of July 31st, there was short interest totalling 380,300 shares, a decline of 5.6% from the June 30th total of 403,000 shares. Based on an average trading volume of 224,400 shares, the short-interest ratio is presently 1.7 days. Currently, 1.2% of the shares of the stock are short sold. View Ardmore Shipping's Current Options Chain.

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), AMC Entertainment (AMC), First Data (FDC), Scorpio Tankers (STNG), Associated British Foods (ABF), Chaarat Gold (CGH), Ciena (CIEN) and tronc (TRNC).

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 many different of retail and institutional investors. Top institutional investors include Russell Investments Group Ltd. (11.02%), Donald Smith & CO. Inc. (6.80%), BlackRock Inc. (5.71%), Bank of New York Mellon Corp (3.79%), Northern Trust Corp (2.57%) and Renaissance Technologies LLC (1.41%). View Institutional Ownership Trends for Ardmore Shipping.

Which major investors are selling Ardmore Shipping stock?

ASC stock was sold by a variety of institutional investors in the last quarter, including Donald Smith & CO. Inc., Russell Investments Group Ltd., Mackenzie Financial Corp, Bank of New York Mellon Corp, Man Group plc, Monarch Partners Asset Management LLC and BNP Paribas Arbitrage SA. View Insider Buying and Selling for Ardmore Shipping.

Which major investors are buying Ardmore Shipping stock?

ASC stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, SCP Investment LP, Acadian Asset Management LLC, Wells Fargo & Company MN, D. E. Shaw & Co. Inc., BlackRock Inc., Prudential Financial Inc. and Verition Fund Management LLC. 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 $6.13.

How big of a company is Ardmore Shipping?

Ardmore Shipping has a market capitalization of $202.90 million and generates $210.18 million in revenue each year. The shipping company earns $-42,940,000.00 in net income (profit) each year or ($1.04) on an earnings per share basis. Ardmore Shipping employs 1,128 workers across the globe.View Additional Information About Ardmore Shipping.

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:  330 (Vote Outperform)
Underperform Votes:  314 (Vote Underperform)
Total Votes:  644
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 8/23/2019 by MarketBeat.com Staff

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