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

12.75

Mkt cap

508M

Volume

2.1M

High

12.79

P/E Ratio

3.42

52-wk high

23.44

Low

12.06

Div yield

0.09

52-wk low

12.06

Ardmore Shipping's shares increased in value following the announcement of mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:33 pm

Ardmore Shipping (NYSE:ASC) reported Q1 2024 adjusted EPS of $0.92, surpassing the $0.83 estimate. However, its sales of $106.301M missed the $79.912M estimate, marking a 100% decrease from $81.670M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:03 pm

Stifel analyst Benjamin Nolan maintains a Buy rating on Ardmore Shipping (NYSE:ASC) and raises the price target from $21 to $22.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:04 pm

Wall Street's most accurate analysts recommend buying three energy stocks with high dividend yields: Nordic American Tankers Limited (NAT), Kimbell Royalty Partners, LP (KRP), and Ardmore Shipping Corporation (ASC). These stocks offer dividend yields ranging from 5.14% to 12.21%. Analysts from Jefferies, B. Riley Securities, Raymond James, Keybanc, and Stifel have provided ratings and price targets for these stocks, highlighting their potential despite recent market turbulence.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 10:34 am

Jefferies analyst Omar Nokta reiterates a Buy rating on Ardmore Shipping (NYSE:ASC) and maintains a $20 price target.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:21 pm

Ardmore Shipping anticipates that in Q1 2024, all revenue days for its MR Tankers and Eco-Design IMO 2 Product/Chemical Tankers will be employed in the spot market.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:04 pm

Ardmore Shipping (NYSE:ASC) reported Q4 2023 adjusted EPS of $0.63, surpassing the $0.62 estimate, with sales of $98.88M exceeding the $74.25M estimate, marking a 33.17% beat and a 5.95% increase over the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:02 pm

Numerous companies are scheduled to report their earnings on February 15, 2024, covering a wide range of industries from technology to energy, and including both earnings and losses. Key companies reporting include Cognex, Cenovus Energy, Wendy's, Agios Pharmaceuticals, Appian, and many others, with expectations of both profits and losses.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 10:17 am

Ardmore Shipping (NYSE:ASC) is expected to report an EPS of $0.62 for its latest quarterly earnings on February 15, 2024. Historical data shows a pattern of share price movement post-earnings announcement, with a mix of positive and negative reactions. The company's past performance includes beating EPS estimates in previous quarters. Shares are currently trading at $16.41, reflecting a 13.11% decrease over the last 52 weeks. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 8:01 pm

Ardmore Shipping (NYSE:ASC) reported Q3 adjusted earnings of $0.49 per share, beating the analyst consensus estimate of $0.41 by 19.51%. However, this is a 68.18% decrease from the same period last year. The company also reported quarterly sales of $86.94 million, beating the analyst consensus estimate of $59.11 million by 47.08%, but this is a 38.95% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:04 pm

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