Streetbeat News

ASC

Ardmore Shipping Corporation

Industry

Marine Shipping

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.

Open

10.28

Mkt cap

406M

Volume

659K

High

10.39

P/E Ratio

3.28

52-wk high

23.44

Low

10.02

Div yield

0.11

52-wk low

10.02

Ardmore Shipping's Q4-2024 earnings fell by 60% year-on-year due to lower spot day rates, but the company showed resilience with increased full-year earnings. Strong fundamentals, including a low cash breakeven rate and high liquidity, along with favorable market dynamics, make Ardmore attractive for future growth.

Portfolio Pulse from

February 17, 2025 | 6:45 pm

Ardmore Shipping Corporation (ASC) has been gaining attention from Zacks.com users, indicating a potential trend in its stock. Investors are advised to consider the stock's prospects before making investment decisions.

Portfolio Pulse from

February 17, 2025 | 3:15 pm

Ardmore Shipping Corporation (ASC) held its Q4 2024 earnings call on February 13, 2025. Key participants included CEO Gernot Ruppelt and CFO Bart Kelleher. The call was attended by analysts such as Ben Nolan from Stifel.

Portfolio Pulse from

February 16, 2025 | 11:15 am

Ardmore Shipping (ASC) reported Q4 earnings of $0.25 per share, surpassing the Zacks Consensus Estimate of $0.21. However, this is a decrease from the $0.63 per share reported a year ago.

Portfolio Pulse from

February 13, 2025 | 3:30 pm

Ardmore Shipping Corporation reported its financial results for Q4 and the full year of 2024. The company announced adjusted earnings of $10.3 million for Q4 2024, a decrease from $26.1 million in Q4 2023.

Portfolio Pulse from

February 13, 2025 | 1:15 pm

The article discusses the potential investment value of Ardmore Shipping (ASC) based on Wall Street analysts' bullish views. It questions the impact of media reports on rating changes by sell-side analysts on stock prices.

Portfolio Pulse from

February 12, 2025 | 3:45 pm

Ardmore Shipping is preparing to report its Q4 2024 earnings, with expectations that low tanker rates and high costs have negatively impacted its performance.

Portfolio Pulse from

February 07, 2025 | 5:30 pm

Analysts predict that Ardmore Shipping (ASC) will report a decline in earnings in its upcoming report. The company lacks the necessary factors to likely exceed earnings expectations.

Portfolio Pulse from

February 06, 2025 | 4:15 pm

Ardmore Shipping (ASC) experienced a significant decline in its stock price, closing at $11.67, which is a 1.68% drop from the previous day. This decline was steeper than the broader market's performance.

Portfolio Pulse from

February 04, 2025 | 12:15 am

Ardmore Shipping has announced its 2025 Investor Day in New York, scheduled for February 13, 2025. The event will cover the company's strategy, capital allocation, key developments, and the outlook for the product and chemical tanker market. Additionally, Ardmore will present its 4Q 2024 financial results.

Portfolio Pulse from

January 28, 2025 | 9:30 pm

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