
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp is poised for enhanced earnings power driven by increasing OPEC+ volumes and improved refinery profitability, which is expected to translate into significant revenue growth. The addition of three modern medium-range tankers is projected to positively impact the company's earnings per share, with estimates increasing by $0.16 based on expected market rates, further supporting financial performance. Additionally, strong fourth-quarter bookings, with 40% of MR spot days secured at $24,900/day, highlight the company’s ability to capitalize on favorable market conditions, reflecting its robust operational strategy.
Bears say
The financial outlook for Ardmore Shipping Corp appears negative, primarily due to the vulnerability of its charter rates to fluctuations in oil volumes, which could lead to significant revenue volatility. Additionally, the company's current low net loan-to-value ratio of 6% may not provide adequate financial resilience amidst rising interest rates, historically correlated with declining ship values. Moreover, while there is an expectation of potential upward revisions to consensus earnings estimates, the inherent uncertainties surrounding oil market dynamics create a precarious operational environment for the company.
This aggregate rating is based on analysts' research of Ardmore Shipping and is not a guaranteed prediction by Public.com or investment advice.
Ardmore Shipping (ASC) Analyst Forecast & Price Prediction
Start investing in Ardmore Shipping (ASC)
Order type
Buy in
Order amount
Est. shares
0 shares