Ardmore Shipping Corporation (ASC)

NYSE: ASC · IEX Real-Time Price · USD
14.65
+0.71 (5.09%)
At close: Jan 31, 2023, 4:00 PM
14.66
+0.01 (0.07%)
Pre-market: Feb 1, 2023, 8:30 AM EST
5.09%
Market Cap 594.03M
Revenue (ttm) 365.37M
Net Income (ttm) 73.42M
Shares Out 40.55M
EPS (ttm) 1.86
PE Ratio 7.47
Forward PE 8.47
Dividend n/a
Ex-Dividend Date n/a
Volume 1,280,778
Open 13.85
Previous Close 13.94
Day's Range 13.59 - 14.78
52-Week Range 3.33 - 16.32
Beta 0.61
Analysts Buy
Price Target 17.09 (+16.66%)
Earnings Date Feb 14, 2023

About ASC

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda. [Read more]

Industry Marine Shipping
Sector Industrials
IPO Date Aug 1, 2013
Employees 47
Stock Exchange NYSE
Ticker Symbol ASC
Full Company Profile

Financial Performance

In 2021, ASC's revenue was $192.48 million, a decrease of -12.53% compared to the previous year's $220.06 million. Losses were -$38.09 million, 529.9% more than in 2020.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for ASC stock is "Buy." The 12-month stock price forecast is $17.09, which is an increase of 16.66% from the latest price.

Price Target
$17.09
(16.66% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Ardmore Shipping Corporation (ASC) Is a Trending Stock: Facts to Know Before Betting on It

Zacks.com users have recently been watching Ardmore Shipping (ASC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

4 days ago - Zacks Investment Research

Ardmore Shipping (ASC) Moves 5.6% Higher: Will This Strength Last?

Ardmore Shipping (ASC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increa...

1 week ago - Zacks Investment Research

These 2 Transportation Stocks Could Beat Earnings: Why They Should Be on Your Radar

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

Other symbols: NSC
1 week ago - Zacks Investment Research

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 week ago - PRNewsWire

Can Ardmore Shipping (ASC) Keep the Earnings Surprise Streak Alive?

Ardmore Shipping (ASC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

1 week ago - Zacks Investment Research

Investors Heavily Search Ardmore Shipping Corporation (ASC): Here is What You Need to Know

Zacks.com users have recently been watching Ardmore Shipping (ASC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

2 weeks ago - Zacks Investment Research

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...

3 weeks ago - PRNewsWire

Ardmore Shipping Corporation (ASC) is Attracting Investor Attention: Here is What You Should Know

Ardmore Shipping (ASC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

1 month ago - Zacks Investment Research

Buy These 4 Low-Beta Stocks to Sail Through the Choppy Market

It is imperative to build a portfolio of low-beta stocks to sail through a choppy market. Scorpio Tankers (STNG), eGain (EGAN), Ardmore Shipping (ASC) and KnowBe4 (KNBE) are poised to gain.

Other symbols: EGANKNBESTNG
1 month ago - Zacks Investment Research

3 Top-Ranked Stocks That Doubled in 2022

In a gloomy 2022, these three stocks have snapped the overall bearish trend and rewarded investors handsomely. The runs could be far from over, as indicated by their strong earnings outlooks.

Other symbols: CEIXHDSN
1 month ago - Zacks Investment Research

Is Ardmore Shipping (ASC) Outperforming Other Transportation Stocks This Year?

Here is how Ardmore Shipping (ASC) and Frontline (FRO) have performed compared to their sector so far this year.

1 month ago - Zacks Investment Research

Recent Price Trend in Ardmore Shipping (ASC) is Your Friend, Here's Why

Ardmore Shipping (ASC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

1 month ago - Zacks Investment Research

Are Transportation Stocks Lagging Ardmore Shipping (ASC) This Year?

Here is how Ardmore Shipping (ASC) and International Seaways (INSW) have performed compared to their sector so far this year.

2 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for December 1st

INSW, TNP and ASC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 1, 2022.

Other symbols: INSWTNP
2 months ago - Zacks Investment Research

New Strong Buy Stocks for December 1st

BCH, FRO, INSW, TNP and ASC have been added to the Zacks Rank #1 (Strong Buy) List on December 1, 2022.

Other symbols: BCHFROINSWTNP
2 months ago - Zacks Investment Research

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
2 months ago - FreightWaves

Is Ardmore Shipping (ASC) Stock Outpacing Its Transportation Peers This Year?

Here is how Ardmore Shipping (ASC) and International Seaways (INSW) have performed compared to their sector so far this year.

2 months ago - Zacks Investment Research

Ardmore Shipping (ASC) Is Up 8.34% in One Week: What You Should Know

Does Ardmore Shipping (ASC) have what it takes to be a top stock pick for momentum investors? Let's find out.

2 months ago - Zacks Investment Research

5 Stocks With Recent Price Strength Backed by October Rally

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are INSW, VIST, ASC, OSBC and EIG.

Other symbols: EIGINSWOSBCVIST
3 months ago - Zacks Investment Research

Ardmore Shipping (ASC) Q3 Earnings and Revenues Top Estimates

Ardmore Shipping (ASC) delivered earnings and revenue surprises of 10% and 11.51%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

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...

3 months 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. ...

3 months 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...

3 months ago - PRNewsWire

Are You Looking for a Top Momentum Pick? Why Ardmore Shipping (ASC) is a Great Choice

Does Ardmore Shipping (ASC) have what it takes to be a top stock pick for momentum investors? Let's find out.

3 months ago - Zacks Investment Research

Buy These 4 Low-Beta Stocks to Combat Market Volatility

It is imperative to build a portfolio of low-beta stocks to sail through a choppy market. Scorpio Tankers Inc. (STNG), AMN Healthcare (AMN), Ardmore (ASC) and Lancaster (LANC) are poised to gain.

Other symbols: AMNLANCSTNG
3 months ago - Zacks Investment Research