Ardmore Shipping Corporation (ASC)

NYSE: ASC · IEX Real-Time Price · USD
16.30
+0.20 (1.24%)
Feb 27, 2024, 1:09 PM EST - Market open
1.24%
Market Cap 665.00M
Revenue (ttm) 395.98M
Net Income (ttm) 113.41M
Shares Out 41.30M
EPS (ttm) 2.71
PE Ratio 5.94
Forward PE 5.25
Dividend $0.84 (5.15%)
Ex-Dividend Date Feb 28, 2024
Volume 292,641
Open 16.16
Previous Close 16.10
Day's Range 15.95 - 16.34
52-Week Range 11.59 - 19.41
Beta 0.41
Analysts Strong Buy
Price Target 20.50 (+25.77%)
Earnings Date Feb 15, 2024

About ASC

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of March 15, 2023, the company operated a fleet of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and five chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is headquartered in Pembroke, Bermuda. [Read more]

Industry Marine Shipping
Sector Industrials
IPO Date Aug 1, 2013
Employees 56
Stock Exchange NYSE
Ticker Symbol ASC
Full Company Profile

Financial Performance

In 2023, ASC's revenue was $395.98 million, a decrease of -11.16% compared to the previous year's $445.74 million. Earnings were $113.41 million, a decrease of -16.03%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for ASC stock is "Strong Buy." The 12-month stock price forecast is $20.5, which is an increase of 25.77% from the latest price.

Price Target
$20.5
(25.77% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Ardmore Shipping Corporation Announces Financial Results For The Three and Twelve Months Ended December 31, 2023

HAMILTON, Bermuda , Feb. 15, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and twelve months ended December 31,...

12 days ago - PRNewsWire

Ardmore Shipping Announces 2024 Investor Day in New York

The Company will provide a comprehensive update, focusing on the forces and trends influencing the global product and chemical tanker markets. The February 15, 2024 event will also include the Company...

25 days ago - PRNewsWire

These seven tanker stocks are set for upside amid Red Sea disruption, says Evercore

A number of tanker stocks are well positioned to benefit from the fallout from the disruption to Red Sea shipping caused by the Houthi attacks on cargo ships, according to Evercore ISI.

Other symbols: DHTFRONATSTNGTNKTRMD
4 weeks ago - Market Watch

Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2023

HAMILTON, Bermuda , Nov. 7, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and nine months ended September 30, 2...

4 months ago - PRNewsWire

Ardmore Shipping Announces Third Quarter 2023 Conference Call and Webcast

HAMILTON, Bermuda , Oct. 24, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its third quarter earnings be...

4 months ago - PRNewsWire

Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2023

HAMILTON, Bermuda , Aug. 1, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and six months ended June 30, 2023. H...

7 months ago - PRNewsWire

Ardmore Shipping Announces Second Quarter 2023 Conference Call and Webcast

HAMILTON, Bermuda , July 18, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its second quarter earnings b...

7 months ago - PRNewsWire

Ardmore Shipping Announces Publication of 2022 Sustainability Report and Joins Its Shipping Industry Peers in Calling On Regulators To Provide A Clear And Accelerated Decarbonization Pathway

Report details Ardmore's continued efforts toward decarbonization and other environmental and social initiatives, emphasizing the essential connection between progress and performance in order to achi...

9 months ago - PRNewsWire

Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2023

HAMILTON, Bermuda , May 9, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three months ended March 31, 2023. Highlight...

10 months ago - PRNewsWire

Ardmore Shipping Announces First Quarter 2023 Conference Call and Webcast

HAMILTON, Bermuda , April 25, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its first quarter earnings b...

10 months ago - PRNewsWire

4 Undervalued Stocks With Strong EPS Growth Projections

What is a good way to search for high-quality equities to invest in among a plethora of options? One method is to use a stock screener.

Other symbols: PNFPSTNG
11 months ago - GuruFocus

Ardmore Shipping Files 2022 Annual Report on Form 20-F

HAMILTON, Bermuda , March 24, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") announced today that it has filed its Annual Report on Form 20-F for the year e...

1 year ago - PRNewsWire

Ardmore Shipping Announces Formation of Sustainability Committee of its Board of Directors

HAMILTON, Bermuda , March 3, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that its Board of Directors has formed a Sustainability Committe...

1 year ago - PRNewsWire

Ardmore Shipping Corporation Announces Financial Results For The Three and Twelve Months Ended December 31, 2022

HAMILTON, Bermuda , Feb. 14, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and twelve months ended December 31,...

1 year ago - PRNewsWire

Ardmore Shipping 2023 Investor Day: Product and Chemical Tankers in a Re-Ordered Global Energy Market

Company to provide a comprehensive update on product and chemical tanker markets, the impacts of evolving sanctions and regulatory regimes that are reshaping global energy flows, and Ardmore's strateg...

1 year ago - PRNewsWire

Ardmore Shipping to Host 2023 Investor Day in New York

Company to provide a comprehensive update on product and chemical tanker markets, the impacts of evolving sanctions and regulatory regimes that are reshaping global energy flows, and Ardmore's strateg...

1 year ago - PRNewsWire

Ardmore Shipping Appoints a New Director to the Company's Board

HAMILTON, Bermuda , Jan. 9, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced the appointment of Mr. James Fok to the Company's Board of Direct...

1 year ago - PRNewsWire

Shipping stocks in the crosshairs as China fears mount

What's bad for China is bad for ocean shipping stocks. China is pivotal to tanker and dry bulk demand, as well as to containerized cargo flows.

Other symbols: EURNFROINSWNATSTNG
1 year ago - FreightWaves

Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2022

HAMILTON, Bermuda , Nov. 2, 2022 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and nine months ended September 30, 2...

1 year ago - PRNewsWire

Ardmore Shipping Initiates New Quarterly Dividend Policy

Marks the Next Stage of the Company's Capital Allocation Policy Established in 2020 First Dividend Under New Policy Expected to Commence with Quarter Ending December 31, 2022 HAMILTON, Bermuda , Nov. ...

1 year ago - PRNewsWire

Ardmore Shipping Announces Third Quarter 2022 Conference Call and Webcast

HAMILTON, Bermuda, Oct. 26, 2022 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its third quarter earnings bef...

1 year ago - PRNewsWire

Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended June 30, 2022

HAMILTON, Bermuda , July 27, 2022 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and six months ended June 30, 2022. ...

1 year ago - PRNewsWire

Ardmore Shipping Announces Planned Departure of CFO Paul Tivnan and Appointment of Bart Kelleher as CFO Effective 28 September 2022

HAMILTON, Bermuda , July 27, 2022 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced the planned departure of its current Chief Financial Officer ("C...

1 year ago - PRNewsWire

Ardmore Shipping Announces Second Quarter 2022 Conference Call and Webcast

HAMILTON, Bermuda , July 18, 2022 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its second quarter earnings b...

1 year ago - PRNewsWire

Gimme shelter: Shipping stocks still rising amid Wall Street storm

The Nasdaq composite is down 29% since the beginning of the year, the S&P 500 17%, the Dow 12%. And then there's commodity shipping.

1 year ago - FreightWaves