NYSE:ASC Ardmore Shipping (ASC) Stock Price, News & Analysis → Elon to Transform U.S. Economy? (From Porter & Company) (Ad) Free ASC Stock Alerts $22.36 -0.20 (-0.89%) (As of 05/17/2024 ET) Add Compare Share Share Today's Range$21.86▼$22.6250-Day Range$15.59▼$22.5652-Week Range$11.59▼$22.64Volume864,784 shsAverage Volume664,444 shsMarket Capitalization$908.49 millionP/E Ratio8.57Dividend Yield3.76%Price Target$21.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Ardmore Shipping alerts: Email Address Ardmore Shipping MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside3.8% Downside$21.50 Price TargetShort InterestHealthy2.15% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-6.65Upright™ Environmental ScoreNews Sentiment0.64Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth-38.15%From $3.25 to $2.01 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.41 out of 5 starsTransportation Sector49th out of 117 stocksDeep Sea Foreign Transportation Of Freight Industry9th out of 29 stocks 1.5 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 2 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageArdmore Shipping has only been the subject of 2 research reports in the past 90 days.Read more about Ardmore Shipping's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.15% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ardmore Shipping has recently decreased by 4.52%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipArdmore Shipping is a leading dividend payer. It pays a dividend yield of 3.77%, 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 32.18%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ardmore Shipping will have a dividend payout ratio of 41.79% next year. This indicates that Ardmore Shipping will be able to sustain or increase its dividend.Read more about Ardmore Shipping's 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 3.1 News and Social Media Coverage News SentimentArdmore Shipping has a news sentiment score of 0.64. 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 WeekMarketBeat has tracked 8 news articles for Ardmore Shipping this week, compared to 2 articles on an average week.Search Interest28 people have searched for ASC on MarketBeat in the last 30 days. This is an increase of 115% compared to the previous 30 days.MarketBeat Follows21 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is an increase of 110% 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 Institutions62.22% of the stock of Ardmore Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Ardmore Shipping's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Ardmore Shipping are expected to decrease by -38.15% in the coming year, from $3.25 to $2.01 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ardmore Shipping is 8.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.24.Price to Earnings Ratio vs. SectorThe P/E ratio of Ardmore Shipping is 8.57, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 22.89.Price to Book Value per Share RatioArdmore Shipping has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Ardmore Shipping's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Nvidia’s CEO calls it the “next amazing revolution” … and even declared it “is going to be flat out of the biggest [revolution] ever.” Jeff Bezos, Bill Gates, and Mark Zuckerberg have invested billions in it.Click on Adam's shiny forehead for more details. About Ardmore Shipping Stock (NYSE: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 ASC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASC Stock News HeadlinesMay 15 at 9:35 PM | seekingalpha.comArdmore Shipping: The Dividend Policy Doesn't Deserve A Premium Valuation, Sell (Rating Downgrade)May 15 at 3:18 AM | americanbankingnews.comArdmore Shipping (NYSE:ASC) Upgraded at StockNews.comMay 14, 2024 | seekingalpha.comArdmore Shipping: Strong Momentum And Solid Dividend Yield Stock (SA Quant)May 14, 2024 | investorplace.com3 Small-Cap Stocks With Massive Growth Potential in the Next YearMay 13, 2024 | seatrade-maritime.comArdmore Shipping enjoys tanker market revengeMay 12, 2024 | seekingalpha.comArdmore Shipping: Safety In The Seas As TCE Rates May Permanently ElevateMay 10, 2024 | finance.yahoo.comNew Strong Buy Stocks for May 10thMay 10, 2024 | americanbankingnews.comArdmore Shipping (NYSE:ASC) PT Raised to $21.00 at Jefferies Financial GroupMay 9, 2024 | finance.yahoo.comArdmore Shipping Corporation (NYSE:ASC) Q1 2024 Earnings Call TranscriptMay 8, 2024 | washingtonpost.comArdmore Shipping: Q1 Earnings SnapshotMay 8, 2024 | investorplace.comASC Stock Earnings: Ardmore Shipping Beats EPS, Beats Revenue for Q1 2024May 8, 2024 | prnewswire.comArdmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2024April 24, 2024 | prnewswire.comArdmore Shipping Announces First Quarter 2024 Conference Call and WebcastApril 23, 2024 | investorplace.com3 Oil Stocks to Buy Before the Middle East SparkApril 14, 2024 | finance.yahoo.comAre Investors Undervaluing Ardmore Shipping Corporation (NYSE:ASC) By 50%?April 2, 2024 | finance.yahoo.comArdmore Shipping (ASC) Dips More Than Broader Market: What You Should KnowMarch 15, 2024 | prnewswire.comArdmore Shipping Files 2023 Annual Report on Form 20-FMarch 11, 2024 | msn.comPOLICE: Birmingham man steals car, robs Ardmore Burger KingMarch 8, 2024 | finance.yahoo.comIs Ardmore Shipping Corporation's (NYSE:ASC) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?March 8, 2024 | investing.comU.S. Representative Virginia Foxx Just Reported a Purchase of $ASC stockFebruary 29, 2024 | uk.finance.yahoo.comArdmore Shipping Corporation (ASC)February 24, 2024 | msn.comArdmore Shipping (ASC) Price Target Increased by 8.60% to 20.60February 23, 2024 | seekingalpha.comArdmore Shipping: Lackluster Shareholders Returns, Better Value Elsewhere (Rating Downgrade)February 21, 2024 | seekingalpha.comArdmore Shipping: Solid Q4, But Q1 Will Be Even BetterFebruary 18, 2024 | finance.yahoo.comINSW Sep 2024 70.000 putSee More Headlines 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 Company Calendar Ex-Dividend for 3/15 Dividend2/28/2024Dividend Payable3/15/2024Last Earnings5/08/2024Today5/17/2024Ex-Dividend for 6/14 Dividend5/31/2024Dividend Payable6/14/2024Next Earnings (Estimated)8/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Deep sea foreign transportation of freight Sub-IndustryN/A Current SymbolNYSE:ASC CUSIPN/A CIK1577437 Webardmoreshipping.com Phone(441) 405-7800FaxN/AEmployees56Year Founded2010Price Target and Rating Average Stock Price Target$21.50 High Stock Price Target$22.00 Low Stock Price Target$21.00 Potential Upside/Downside-3.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.61 Trailing P/E Ratio8.57 Forward P/E Ratio6.88 P/E GrowthN/ANet Income$116.81 million Net Margins29.15% Pretax Margin29.53% Return on Equity21.06% Return on Assets16.12% Debt Debt-to-Equity Ratio0.04 Current Ratio1.95 Quick Ratio1.79 Sales & Book Value Annual Sales$395.98 million Price / Sales2.29 Cash Flow$3.52 per share Price / Cash Flow6.36 Book Value$13.98 per share Price / Book1.60Miscellaneous Outstanding Shares40,630,000Free FloatN/AMarket Cap$908.49 million OptionableOptionable Beta0.36 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Anthony Gurnee CFA (Age 64)Founder, President, CEO & Director Mr. Bart B. Kelleher (Age 48)Secretary & CFO Mr. Mark Cameron (Age 58)Executive VP & COO Mr. Barry O'NeillDirector of AccountingKey CompetitorsGlobal Ship LeaseNYSE:GSLTsakos Energy NavigationNYSE:TNPGenco Shipping & TradingNYSE:GNKTeekayNYSE:TKEagle Bulk ShippingNASDAQ:EGLEView All CompetitorsInstitutional OwnershipTidal Investments LLCBought 2,719 shares on 5/17/2024Ownership: 0.047%Janus Henderson Group PLCBought 11,811 shares on 5/16/2024Ownership: 0.029%California State Teachers Retirement SystemSold 2,675 shares on 5/16/2024Ownership: 0.010%Price T Rowe Associates Inc. MDBought 1,634 shares on 5/15/2024Ownership: 0.029%Aegis Financial CorpSold 100,000 shares on 5/10/2024Ownership: 0.224%View All Institutional Transactions ASC Stock Analysis - Frequently Asked Questions Should I buy or sell Ardmore Shipping stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024? 2 brokers have issued twelve-month price targets for Ardmore Shipping's stock. Their ASC share price targets range from $21.00 to $22.00. On average, they predict the company's stock price to reach $21.50 in the next year. This suggests that the stock has a possible downside of 3.8%. View analysts price targets for ASC or view top-rated stocks among Wall Street analysts. How have ASC shares performed in 2024? Ardmore Shipping's stock was trading at $14.09 on January 1st, 2024. Since then, ASC shares have increased by 58.7% and is now trading at $22.36. View the best growth stocks for 2024 here. When is Ardmore Shipping's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024. View our ASC earnings forecast. How were Ardmore Shipping's earnings last quarter? Ardmore Shipping Co. (NYSE:ASC) announced its earnings results on Wednesday, May, 8th. The shipping company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.05. The shipping company had revenue of $106.30 million for the quarter, compared to analyst estimates of $72.46 million. Ardmore Shipping had a trailing twelve-month return on equity of 21.06% and a net margin of 29.15%. Ardmore Shipping's revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 EPS. How often does Ardmore Shipping pay dividends? What is the dividend yield for Ardmore Shipping? Ardmore Shipping announced a quarterly dividend on Wednesday, May 8th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.31 per share on Friday, June 14th. This represents a $1.24 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from the stock's previous quarterly dividend of $0.21. Read our dividend analysis for ASC. Is Ardmore Shipping a good dividend stock? Ardmore Shipping (NYSE:ASC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 3.77%. The dividend payout ratio is 32.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASC will have a dividend payout ratio of 41.79% next year. This indicates that the company will be able to sustain or increase its dividend. 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 SonicShares Global Shipping ETF (BOAT) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).iShares US Small Cap Value Factor ETF (SVAL). 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). Who are Ardmore Shipping's major shareholders? Ardmore Shipping's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Private Management Group Inc. (3.94%), Russell Investments Group Ltd. (1.45%), Vanguard Group Inc. (1.33%), Sei Investments Co. (1.22%), Empowered Funds LLC (0.45%) and SG Americas Securities LLC (0.33%). 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. This page (NYSE:ASC) was last updated on 5/18/2024 by MarketBeat.com Staff From Our Partners[FREE Ticket] 27 Crypto Experts Reveal Their #1 Picks Crypto 101 MediaCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingMake this ONE trade on Tuesday at 2 p.m. EST!Monument Traders AllianceThe Presidential candidate you should REALLY be worried aboutStansberry ResearchProtect Your Bank Account Before It’s Too LateWeiss RatingsForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressWhat’s Really Next for America…Porter & CompanyHe called Apple at $1.49 and now he says: “Buy these 6 AI stocks.”InvestorPlace 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. 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