Ardmore Shipping (ASC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $11.59 to $12.14
• 50-Day Range: $11.77 to $18.60
• 52-Week Range: $11.59 to $23.44
• Volume: 976,072 shs
• Average Volume: 863,385 shs
• Market Capitalization: $492.46 million
• P/E Ratio: 3.30
• Dividend Yield: 12.91%
• Price Target: $20.00
• Consensus Rating: Moderate Buy

Ardmore Shipping Stock Analysis - MarketRank™

Ardmore Shipping scored higher than 93% of companies evaluated by MarketBeat, and ranked 11th out of 128 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ardmore Shipping has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ardmore Shipping has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -40.27%

Earnings Growth

Earnings for Ardmore Shipping are expected to decrease by -40.27% in the coming year, from $2.98 to $1.78 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ardmore Shipping is 3.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ardmore Shipping is 3.30, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 15.62.

Price to Book Value per Share Ratio

Ardmore Shipping has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.33% of the outstanding shares of Ardmore Shipping have been sold short.

Short Interest Ratio / Days to Cover

Ardmore Shipping has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ardmore Shipping has recently decreased by 24.27%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Ardmore Shipping is a leading dividend payer. It pays a dividend yield of 12.91%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Ardmore Shipping does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ardmore Shipping is 42.58%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on EPS estimates, Ardmore Shipping will have a dividend payout ratio of 85.39% in the coming year. This indicates that Ardmore Shipping may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 0.4 / 5
• Environmental Score: -6.65

Percentage of Shares Shorted

4.33% of the outstanding shares of Ardmore Shipping have been sold short.

Short Interest Ratio / Days to Cover

Ardmore Shipping has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ardmore Shipping has recently decreased by 24.27%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.56

News Sentiment

Ardmore Shipping has a news sentiment score of 0.56. 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 news sentiment score is similar to the average news sentiment of Transportation companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Ardmore Shipping this week, compared to 3 articles on an average week.

Search Interest

8 people have searched for ASC on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

5 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ardmore Shipping insiders have not sold or bought any company stock.

Percentage Held by Institutions

62.22% of the stock of Ardmore Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ASC Stock Analysis - Frequently Asked Questions

How have ASC shares performed this year?

Ardmore Shipping's stock was trading at $14.09 on January 1st, 2024. Since then, ASC stock has decreased by 16.5% and is now trading at $11.77.
View the best growth stocks for 2024 here.

How were Ardmore Shipping's earnings last quarter?

Ardmore Shipping Co. (NYSE:ASC) announced its quarterly earnings data on Wednesday, July, 31st. The shipping company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Ardmore Shipping's revenue was up 32.0% compared to the same quarter last year.

Who are Ardmore Shipping's major shareholders?

Top institutional shareholders of Ardmore Shipping include Wellington Management Group LLP (2.71%), Private Management Group Inc. (2.55%), State Street Corp (1.87%) and Royce & Associates LP (1.60%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ardmore Shipping own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ardmore Shipping investors own include NVIDIA (NVDA), Meta Platforms (META), Invesco QQQ (QQQ), Broadcom (AVGO), Advanced Micro Devices (AMD), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 9/13 Dividend: 8/30/2024
• Dividend Payable: 9/13/2024
• Today: 11/17/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Dividend Payable: 12/13/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NYSE:ASC
• CUSIP: N/A
• CIK: 1577437
• Web: ardmoreshipping.com
• Phone: (441) 405-7800
• Fax: N/A
• Employees: 990
• Year Founded: 2010

Price Target and Rating

• Average Stock Price Target: $20.00
• High Stock Price Target: $26.00
• Low Stock Price Target: $17.00
• Potential Upside/Downside: +69.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.57
• Trailing P/E Ratio: 3.30
• Forward P/E Ratio: 3.94
• P/E Growth: N/A
• Net Income: $116.81 million
• Net Margins: 36.22%
• Pretax Margin: 36.36%
• Return on Equity: 23.63%
• Return on Assets: 19.42%

Debt

• Debt-to-Equity Ratio: 0.03
• Current Ratio: 3.57
• Quick Ratio: 3.26

Sales & Book Value

• Annual Sales: $395.98 million
• Price / Sales: 1.24
• Cash Flow: $3.45 per share
• Price / Cash Flow: 3.41
• Book Value: $14.98 per share
• Price / Book: 0.79

Miscellaneous

• Outstanding Shares: 41,840,000
• Free Float: N/A
• Market Cap: $492.46 million
• Optionable: Optionable
• Beta: 0.37