NYSE:ASC Ardmore Shipping (ASC) Stock Forecast, Price & News $12.57 +0.69 (+5.81%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$12.11▼$12.7950-Day Range$11.71▼$16.8952-Week Range$6.32▼$19.41Volume964,642 shsAverage Volume906,041 shsMarket Capitalization$510.72 millionP/E Ratio2.70Dividend Yield11.14%Price Target$22.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ardmore Shipping MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside75.0% Upside$22.00 Price TargetShort InterestHealthy4.41% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-6.65Upright™ Environmental ScoreNews Sentiment0.34Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth-37.28%From $2.79 to $1.75 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.2.30 out of 5 starsTransportation Sector46th out of 120 stocksDeep Sea Foreign Transportation Of Freight Industry15th out of 29 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 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $22.00, Ardmore Shipping has a forecasted upside of 75.0% from its current price of $12.57.Amount of Analyst CoverageArdmore Shipping has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.41% 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 2.1, 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 3.47%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend LeadershipArdmore Shipping is a leading dividend payer. It pays a dividend yield of 11.96%, 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 30.11%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Ardmore Shipping will have a dividend payout ratio of 80.00% in the coming year. This indicates that Ardmore Shipping may not be able to sustain their current 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 2.4 News and Social Media Coverage News SentimentArdmore Shipping has a news sentiment score of 0.34. 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 0.56 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Ardmore Shipping this week, compared to 3 articles on an average week.Search Interest52 people have searched for ASC on MarketBeat in the last 30 days. This is an increase of 58% compared to the previous 30 days.MarketBeat Follows9 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is an increase of 29% 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 Institutions64.35% 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 -37.28% in the coming year, from $2.79 to $1.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ardmore Shipping is 2.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.73.Price to Earnings Ratio vs. SectorThe P/E ratio of Ardmore Shipping is 2.70, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 25.15.Price to Book Value per Share RatioArdmore Shipping has a P/B Ratio of 1.03. 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 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.Read More 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 Stock News HeadlinesMay 31, 2023 | americanbankingnews.comArdmore Shipping (NYSE:ASC) Stock Rating Lowered by StockNews.comMay 27, 2023 | fool.comArdmore Shipping (NYSE: ASC)June 2, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks 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.May 20, 2023 | americanbankingnews.comArdmore Shipping (NYSE:ASC) Coverage Initiated at StockNews.comMay 18, 2023 | msn.comArdmore Shipping: The Stock Is Down, But Estimates Are UpMay 11, 2023 | msn.comArdmore Shipping (ASC) Declares $0.35 DividendMay 11, 2023 | americanbankingnews.comArdmore Shipping Co. (ASC) To Go Ex-Dividend on May 30thMay 9, 2023 | markets.businessinsider.comAnalysts Offer Insights on Industrial Goods Companies: TFI International (TFII) and Ardmore Shipping (ASC)June 2, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 9, 2023 | msn.comArdmore Shipping (ASC) Meets Q1 Earnings EstimatesMay 9, 2023 | finance.yahoo.comArdmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2023May 8, 2023 | msn.comPreview: Ardmore Shipping's EarningsMay 8, 2023 | americanbankingnews.comArdmore Shipping (ASC) Set to Announce Quarterly Earnings on TuesdayMay 4, 2023 | americanbankingnews.comArdmore Shipping Co. (NYSE:ASC) Sees Significant Growth in Short InterestMay 4, 2023 | msn.comUnusual Call Option Trade in Ardmore Shipping (ASC) Worth $71.68KApril 30, 2023 | finance.yahoo.comEstimating The Fair Value Of Ardmore Shipping Corporation (NYSE:ASC)April 28, 2023 | americanbankingnews.comFY2024 EPS Estimates for Ardmore Shipping Co. (NYSE:ASC) Boosted by AnalystApril 27, 2023 | finance.yahoo.comBest Momentum Stock to Buy for April 27thApril 27, 2023 | americanbankingnews.comFY2023 EPS Estimates for Ardmore Shipping Co. (NYSE:ASC) Lifted by Jefferies Financial GroupApril 25, 2023 | nasdaq.comStifel Maintains Ardmore Shipping (ASC) Buy RecommendationApril 25, 2023 | finance.yahoo.comArdmore Shipping (ASC) Dips More Than Broader Markets: What You Should KnowApril 25, 2023 | finance.yahoo.comArdmore Shipping Announces First Quarter 2023 Conference Call and WebcastApril 25, 2023 | americanbankingnews.comArdmore Shipping (NYSE:ASC) Price Target Raised to $24.00 at Stifel NicolausApril 19, 2023 | americanbankingnews.comArdmore Shipping (NYSE:ASC) Trading Up 6.7%April 17, 2023 | americanbankingnews.comArdmore Shipping Co. (NYSE:ASC) Receives $13.17 Consensus Price Target from AnalystsApril 16, 2023 | seekingalpha.comArdmore Shipping Is Riding Some Powerful TailwindsApril 15, 2023 | seekingalpha.comArdmore Shipping: It Might Be A Good Time To Buy The StockSee More Headlines ASC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASC Company Calendar Last Earnings11/10/2021Ex-Dividend for 3/15 Dividend2/27/2023Dividend Payable3/15/2023Ex-Dividend for 6/15 Dividend5/30/2023Today6/02/2023Dividend Payable6/15/2023Next Earnings (Estimated)7/26/2023Fiscal 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/AEmployees1,047Year Founded2010Price 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 RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.65 Trailing P/E Ratio2.70 Forward P/E Ratio4.51 P/E GrowthN/ANet Income$138.45 million Net Margins37.86% Pretax Margin38.04% Return on Equity44.35% Return on Assets26.38% Debt Debt-to-Equity Ratio0.26 Current Ratio3.31 Quick Ratio2.98 Sales & Book Value Annual Sales$445.74 million Price / Sales1.15 Cash Flow$4.80 per share Price / Cash Flow2.62 Book Value$12.17 per share Price / Book1.03Miscellaneous Outstanding Shares40,630,000Free FloatN/AMarket Cap$510.72 million OptionableOptionable Beta0.53 Social Links Key ExecutivesAnthony GurneePresident, Chief Executive Officer & DirectorMark CameronChief Operating Officer & Executive Vice PresidentBart B. KelleherChief Financial Officer & SecretarySuraj BatraTechnical ManagerGernot RuppeltChief Commercial Officer & Senior Vice PresidentKey CompetitorsTsakos Energy NavigationNYSE:TNPGenco Shipping & TradingNYSE:GNKTeekayNYSE:TKEagle Bulk ShippingNASDAQ:EGLESafe BulkersNYSE:SBView All CompetitorsInstitutional OwnershipAmeriprise Financial Inc.Sold 37,446 shares on 5/22/2023Ownership: 0.320%Putnam Investments LLCBought 37,054 shares on 5/22/2023Ownership: 0.091%JPMorgan Chase & Co.Bought 29,927 shares on 5/18/2023Ownership: 0.227%Susquehanna International Group LLPBought 8,900 shares on 5/16/2023Ownership: 0.000%Graham Capital Management L.P.Bought 10,095 shares on 5/16/2023Ownership: 0.025%View All Institutional Transactions 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. What ETFs hold Ardmore Shipping's stock? ETFs with the largest weight of Ardmore Shipping (NYSE:ASC) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Inspire Fidelis Multi Factor ETF (FDLS), SonicShares Global Shipping ETF (BOAT), First Trust Active Factor Small Cap ETF (AFSM) and Vanguard U.S. Multifactor ETF (VFMF).iShares Micro-Cap ETF (IWC) and 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 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. 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