Ardmore Shipping Corporation (ASC)
| Market Cap | 677.84M |
| Revenue (ttm) | 395.98M |
| Net Income (ttm) | 113.41M |
| Shares Out | 41.53M |
| EPS (ttm) | 2.71 |
| PE Ratio | 5.92 |
| Forward PE | 3.39 |
| Dividend | $0.84 (5.15%) |
| Ex-Dividend Date | Feb 28, 2024 |
| Volume | 429,356 |
| Open | 16.05 |
| Previous Close | 16.03 |
| Day's Range | 15.99 - 16.43 |
| 52-Week Range | 11.59 - 17.05 |
| Beta | 0.37 |
| Analysts | Strong Buy |
| Price Target | 21.00 (+28.68%) |
| Earnings Date | May 7, 2024 |
About ASC
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. Ardmore Shipping Corporation was founded in 2010 and is headquartered in Pembroke, Bermuda. [Read more]
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 StatementsAnalyst Forecast
According to 2 analysts, the average rating for ASC stock is "Strong Buy." The 12-month stock price forecast is $21.0, which is an increase of 28.68% from the latest price.
News
Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields - Ardmore Shipping (NYSE:ASC), Kimbell Royalty Partners (NYSE:KRP)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Ardmore Shipping Files 2023 Annual Report on Form 20-F
HAMILTON, Bermuda, March 15, 2024 /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 en...
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,...
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...
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.
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...
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...
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...
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...
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...
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...
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...
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.
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...
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...
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,...
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...
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...
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...
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...
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. ...
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...
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. ...
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...