La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Ardmore Shipping a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Ardmore Shipping..

Ardmore Shipping (NYSE:ASC) Azioni, Catena delle Opzioni

Ardmore Shipping

Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The Company operates its business in one operating segment, the transportation of refined petroleum products and chemicals.

Ardmore Shipping Corporation Common Stock

Ardmore Shipping Corp

A SPAC I ACQUISITION CORP USD CL A ORD SHS

A SPAC I ACQUISITION CORP USD RTS

A SPAC I ACQUISITION CORP USD UNITS CONSISTING ONE CL A ORD SH OF NO PAR VALUE & ONE

A SPAC I ACQUISITION CORP WT EXP

A SPAC II ACQUISITION CORP CL A

A SPAC II ACQ CORP by A SPAC II Acquisition Corp.

A SPAC II Acquisition Corp

ASCENDIA BRANDS INC by Ascendia Brands, Inc.

Ascendia Brands Inc

A SPAC II ACQUISITION CORP RT

A SPAC II ACQUISITION CORP UNIT 1 CL A& 1/2 WT EXP & 1 RT

A SPAC II ACQUISITION CORP WT EXP

ARISTOCRAT GRP CORP by Aristocrat Group Corp

Aristocrat Group Corp

ASICS Corp

ACOTEC SCIENTIFIC HLD ORD by ACOTEC SCIENTIFIC HLDGS LTD

Acotec Scientific Holdings Ltd

AMSC ASA

Auscrete Corp

ASCLETIS PHARMA INC by Ascletis Pharma Inc.

Ascletis Pharma Inc

Absecon Bancorp

ASCOPIAVE SPA TREVISO ORD by Ascopiave SPA Treviso

Ascopiave SpA

AMER CRYSTAL SUGAR PFD by American Crystal Sugar Co.

American Crystal Sugar Co

ARIZONA SONORAN COPPER CO by Arizona Sonoran Copper Company Inc.

Arizona Sonoran Copper Co Inc

A SPAC II Acquisition Corp Warrants (15/10/2026)

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Dmc Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOOM#NASDAQ">BOOM</a>)</h3>
<ul>
<li>On Nov. 13, DMC Global said Michael Kuta will retire as President, CEO and as a member of the board, effective Nov. 29. James O&#8217;Leary will serve as Interim President &amp; CEO. The company's stock fell around 35% over the past month and has a <a href="https://www.benzinga.com/quote/BOOM">52-week low of $7.96</a>.</li>
<li>RSI Value: 28.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>BOOM Price Action: Shares of Dmc Global rose 1.1% to close at $8.23 on Thursday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1">latest BOOM news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="903" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15030831/image-162.png" alt="" class="wp-image-649705" style="width:685px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15030831/image-162.png 903w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15030831/image-162-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15030831/image-162-768x704.png 768w" sizes="(max-width: 903px) 100vw, 903px" /></a></figure>
<h3 class="wp-block-heading">Tidewater Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDW#NYSE">TDW</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Nov. 7, Tidewater reported worse-than-expected third-quarter financial results and issued FY24 revenue below estimates. Quintin Kneen, Tidewater&#8217;s President and Chief Executive Officer, said, &#8220;Third quarter revenue of $340.4 million and gross margin of 47.2% came in as expected, with our consolidated average day rate up over 5% to $22,275. In particular, the average day rate and average leading-edge day rates in our large PSV and anchor handler fleets continued to show sequential quarterly improvement.&#8221; The company's stock fell around 16% over the past month and <a href="https://www.benzinga.com/quote/TDW">has a 52-week low </a>of $52.61.</li>
<li>RSI Value: 28.57</li>
<li>TDW Price Action: Shares of Tidewater gained 0.2% to close at $53.19 on Thursday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1">TDW stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="833" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031459/image-163.png" alt="" class="wp-image-649710" style="width:717px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031459/image-163.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031459/image-163-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031459/image-163-768x698.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">Ardmore Shipping Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>)</h3>
<ul>
<li>On Nov. 6, Ardmore Shipping reported quarterly earnings of 55 cents per share which missed the analyst consensus estimate of 62 cents per share. The company reported quarterly sales of $96.118 million which beat the analyst consensus estimate of $74.252 million. The company's stock fell around 28% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ASC">low of $11.85.</a></li>
<li>RSI Value: 11.32</li>
<li>ASC Price Action: Shares of Ardmore Shipping rose 0.1% to close at $11.95 on Thursday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1">breakout in ASC shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="887" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031607/image-164.png" alt="" class="wp-image-649711" style="width:663px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031607/image-164.png 887w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031607/image-164-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031607/image-164-768x720.png 768w" sizes="(max-width: 887px) 100vw, 887px" /></a></figure>
<h3 class="wp-block-heading">Torm PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMD#NASDAQ">TRMD</a>)</h3>
<ul>
<li>On Nov. 7, TORM reported quarterly earnings of $1.38 per share which missed the analyst consensus estimate of $1.51 per share. The company reported quarterly sales of $372.100 million which beat the analyst consensus estimate of $285.996 million. The company's shares lost around 21% over the past month. The company's 52-week low is $22.77.</li>
<li>RSI Value: 20.94</li>
<li>TRMD Price Action: Shares of Torm fell 0.4% to close at $23.63 on Thursday.</li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1">TRMD earnings reports</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="896" height="577" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031648/image-165.png" alt="" class="wp-image-649712" style="width:657px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031648/image-165.png 896w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031648/image-165-300x193.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15031648/image-165-768x495.png 768w" sizes="(max-width: 896px) 100vw, 896px" /></a></figure>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41971544/jim-cramer-recommends-microsoft-praises-american-water-works-for-being-consistent">Jim Cramer Recommends Microsoft, Praises American Water Works For Being &#8216;Consistent&#8217;</a></li>
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Long Ideas

News

Pre-Market Outlook

Markets

Trading Ideas

BOOM

TRMD

Top 4 Energy Stocks That Could Blast Off In November

Jefferies analyst Omar Nokta maintains Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Buy and lowers the price target from $20 to $17.

Price Target

Analyst Ratings

Jefferies Maintains Buy on Ardmore Shipping, Lowers Price Target to $17

In the fourth quarter of 2024, the Company expects to have 95% of its revenue days for its MR tankers employed in the spot market with the remaining 5% of revenue days subject to time charters. As of November 6, 2024, the Company had fixed approximately 50% of its total spot MR revenue&nbsp;days for the fourth quarter of 2024 at an average spot TCE rate of approximately $23,100 per day, which includes MR Eco-Design tankers at an average of approximately $25,000 per day and MR Eco-Mod tankers at an average of approximately $11,950 per day.

Guidance

Ardmore Shipping Sees Q4 95% Of Its Revenue Days For Its MR Tankers Employed In The Spot Market With Remaining 5% Of Revenue Days Subject To Time Charters

Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) reported quarterly earnings of $0.55 per share which missed the analyst consensus estimate of $0.62 by 11.29 percent. The company reported quarterly sales of $96.118 million which beat the analyst consensus estimate of $74.252 million by 29.45 percent. This is a 10.56 percent increase over sales of $86.940 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Ardmore Shipping Q3 2024 Adj. EPS $0.55 Misses $0.62 Estimate, Sales $96.118M Beat $74.252M Estimate

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">Ardmore Shipping Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>)</h3>
<ul>
<li>Dividend Yield: 10.76%</li>
<li>Stifel analyst Benjamin Nolan downgraded the stock from Buy to Hold and cut the price target from $24 to $17 on Oct. 23. This analyst has an accuracy rate of 71%.</li>
<li>Jefferies analyst Omar Nokta maintained a Buy rating and raised the price target from $21 to $24 on July 31. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: Ardmore Shipping will announce its third quarter earnings before the opening bell on Wednesday, Nov. 6.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1">latest ASC news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="906" height="815" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31093837/image-324.png" alt="" class="wp-image-623971" style="width:735px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31093837/image-324.png 906w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31093837/image-324-300x270.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31093837/image-324-768x691.png 768w" sizes="(max-width: 906px) 100vw, 906px" /></a></figure>
<h3 class="wp-block-heading">DHT Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHT#NYSE">DHT</a>)</h3>
<ul>
<li>Dividend Yield: 10.50%</li>
<li>Stifel analyst Benjamin Nolan maintained a Hold rating and lowered the price target from $13 to $11 on Oct. 23. This analyst has an accuracy rate of 71%.</li>
<li>BTIG analyst Gregory Lewis initiated coverage on the stock with a Buy rating and a price target of $16 on Oct. 15. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: DHT Holdings will release its third quarter results after the closing bell on Tuesday, Nov. 12.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1"> latest DHT news</a>. </li>
</ul>
<h3 class="wp-block-heading">Chord Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRD#NASDAQ">CHRD</a>)</h3>
<ul>
<li>Dividend Yield: 8.87%</li>
<li>Piper Sandler analyst Mark Lear maintained an Overweight rating and raised the price target from $206 to $211 on Oct. 15. This analyst has an accuracy rate of 65%.</li>
<li>Truist Securities analyst Neal Dingmann maintained a Buy rating and cut the price target from $223 to $185 on Sept. 30. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: Chord Energy will announce its third quarter financial and operating results on Wednesday, Nov. 6, after the closing bell.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1">trend in CHRD stock.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="915" height="821" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31093950/image-326.png" alt="" class="wp-image-623979" style="width:659px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31093950/image-326.png 915w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31093950/image-326-300x269.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31093950/image-326-768x689.png 768w" sizes="(max-width: 915px) 100vw, 915px" /></a></figure>
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Dividends

CHRD

Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 8% Dividend Yields

WIIM

Shares of oil and gas companies are trading lower following a build in US crude inventories.

Stifel analyst Benjamin Nolan downgrades Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) from Buy to Hold and lowers the price target from $24 to $17.

Downgrades

Stifel Downgrades Ardmore Shipping to Hold, Lowers Price Target to $17

Offerings

Ardmore Shipping Files For Mixed Shelf Of Up To $500M

Investors in Ardmore Shipping Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/asc#NYSE">ASC</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $10 Put had some of the highest implied volatility of all equity options today.
<h2>What is Implied Volatility?</h2>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h2>What do the Analysts Think?</h2>
Clearly, options traders are pricing in a big move for Ardmore Shipping shares, but what is the fundamental picture for the company? Currently, Ardmore Shipping is a Zacks Rank #3 (Hold) in the Transportation - Shipping industry that ranks in the Bottom 39% of our Zacks Industry Rank. Over the last 30 days, two analysts have increased their earnings estimates for the current quarter, while none dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 63 cents per share to 80 cents in that period.
Given the way analysts feel about Ardmore Shipping right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2325541/implied-volatility-surging-for-ardmore-shipping-asc-stock-options?cid=CS-BENZ-FT-tale_of_the_tape|options-2325541">To read this article on Zacks.com click here.</a>

Options

Small Cap

Implied Volatility Surging for Ardmore Shipping Stock Options

Ratings for Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $23.75, a high estimate of $26.00, and a low estimate of $21.00. Witnessing a positive shift, the current average has risen by 7.95% from the previous average price target of $22.00.
<img src="https://www.benzinga.com/files/images/story/2024/1722438100_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The perception of Ardmore Shipping by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$24.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Benjamin Nolan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$24.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Jonathan Chappell</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$26.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$21.00</td>
<td>$20.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Ardmore Shipping. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Ardmore Shipping compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Ardmore Shipping's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Ardmore Shipping's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ASC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ardmore Shipping analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Ardmore Shipping</h2>
Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The Company operates its business in one operating segment, the transportation of refined petroleum products and chemicals.
<h3>Ardmore Shipping's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Ardmore Shipping's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -10.09%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Ardmore Shipping's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 36.11%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 6.95%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Ardmore Shipping's ROA stands out, surpassing industry averages. With an impressive ROA of 5.5%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.13, Ardmore Shipping adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

4 Analysts Assess Ardmore Shipping: What You Need To Know

Jefferies analyst Omar Nokta maintains Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Buy and raises the price target from $21 to $24.

Jefferies Maintains Buy on Ardmore Shipping, Raises Price Target to $24

Ardmore Shipping Sees Q3 95% Of Its Revenue Days For Its MR Tankers Employed In The Spot Market With Remaining 5% Of Revenue Days Subject To Time Charters; Expects To Have All Revenue Days For Its Eco-Design IMO 2 Product / Chemical Tankers Employed In The Spot Market

Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $1.02 by 10.78 percent. The company reported quarterly sales of $121.300 million which beat the analyst consensus estimate of $94.074 million by 28.94 percent. This is a 100.84 percent increase over sales of $60.395 million the same period last year.

Ardmore Shipping Q2 2024 Adj. EPS $1.13 Beats $1.02 Estimate, Sales $121.300M Beat $94.074M Estimate

Stifel analyst Benjamin Nolan maintains Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Buy and raises the price target from $22 to $24.

Stifel Maintains Buy on Ardmore Shipping, Raises Price Target to $24

Evercore ISI Group analyst Jonathan Chappell maintains Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Outperform and raises the price target from $25 to $26.

Evercore ISI Group Maintains Outperform on Ardmore Shipping, Raises Price Target to $26

Gernot Ruppelt to succeed Anthony Gurnee as CEO; Bart Kelleher to be appointed President
HAMILTON, Bermuda, July 8, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) ("Ardmore" or the "Company") today announced that Founder and CEO Anthony Gurnee has informed the Board of Directors (the "Board") of his intention to retire from his executive and board positions later this year. Following a comprehensive selection process, the Board of Directors has appointed current executive and Chief Commercial Officer Gernot Ruppelt as the Company's new CEO, and expanded current CFO Bart Kelleher's position to take on the additional role of President, with the leadership transition to take effect from September 16, 2024 at the Company's upcoming quarterly board meeting. This transition represents the culmination of leadership succession planning that has been long-established and extensively discussed at the board and management levels. Following his retirement from the Company, current CEO Anthony Gurnee will remain available to Ardmore as an advisor during the transition period.

Management

Ardmore Shipping Announces Gernot Ruppelt To Succeed Anthony Gurnee As CEO; Bart Kelleher To Be Appointed President

Ardmore Shipping shares are trading higher after the company reported mixed Q1 financial results.

Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) reported quarterly earnings of $0.92 per share which beat the analyst consensus estimate of $0.83 by 10.84 percent. The company reported quarterly sales of $106.301 which missed the analyst consensus estimate of $79.912 million by 100.00 percent. This is a 100.00 percent decrease over sales of $81.670 million the same period last year.

Ardmore Shipping Q1 2024 Adj EPS $0.92 Beats $0.83 Estimate, Sales $106.301 Miss $79.912M Estimate

Stifel analyst Benjamin Nolan maintains Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Buy and raises the price target from $21 to $22.

Stifel Maintains Buy on Ardmore Shipping, Raises Price Target to $22

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3>Nordic American Tankers Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nat#NYSE">NAT</a>)</h3>
<ul>
<li>Dividend Yield: 12.21%</li>
<li>Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $5.5 on Feb. 29, 2024. This analyst has an accuracy rate of 73%.</li>
<li>B. Riley Securities analyst Liam Burke maintained a Buy rating and boosted the price target from $5.5 to $6 on Aug. 29, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On Feb. 29, Nordic American Tankers posted weaker-than-expected quarterly results.</li>
</ul>
<h3>Kimbell Royalty Partners, LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/krp#NYSE">KRP</a>)</h3>
<ul>
<li>Dividend Yield: 10.80%</li>
<li>Raymond James analyst John Freeman maintained a Strong Buy rating and cut the price target from $22 to $20 on Jan. 24, 2024. This analyst has an accuracy rate of 80%.</li>
<li>Keybanc analyst Tim Rezvan maintained an Overweight rating and lowered the price target from $21 to $20 on Jan. 11, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: Kimbell Royalty Partners said it will release its first quarter 2024 financial results on May 2, 2024, before the opening bell.</li>
</ul>
<h3>Ardmore Shipping Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/asc#NYSE">ASC</a>)</h3>
<ul>
<li>Dividend Yield: 5.14%</li>
<li>Stifel analyst Benjamin Nolan maintained a Buy rating and boosted the price target from $20 to $21 on Feb. 16, 2024. This analyst has an accuracy rate of 73%.</li>
<li>Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $20 on Feb. 15, 2024. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On March 15, Ardmore Shipping said it has filed 2023 annual report on Form 20-F.</li>
</ul>
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Read More: <a href="https://www.benzinga.com/news/24/03/37889754/top-5-consumer-stocks-that-may-crash-this-month"> Top 5 Consumer Stocks That May Crash This Month</a>

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ABIT

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Press Releases

Ardmore Shipping Announces First Quarter 2024 Conference Call and Webcast

Commodities

Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2024

Ardmore Shipping Announces Leadership Transition

Ardmore Shipping Announces Second Quarter 2024 Conference Call and Webcast

Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2024

London Shipping Summit-Industry Leaders Presenting At 16th Annual Capital Link Shipping & Marine Services Forum

Leading Shipping Companies Presenting at Capital Link's 16th Annual New York Maritime Forum October 15, 2024 in New York City

REMINDER - Leading Shipping Companies Presenting at Capital Link's 16th Annual New York Maritime Forum October 15, 2024, in New York City

Ardmore Shipping Announces Third Quarter 2024 Conference Call and Webcast

Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2024

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