Ardmore Shipping (ASC) Scheduled to Post Earnings on Wednesday

Ardmore Shipping (NYSE:ASC) will be releasing its earnings data before the market opens on Wednesday, November 6th. Analysts expect Ardmore Shipping to post earnings of $0.80 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Ardmore Shipping Trading Down 0.9 %

Shares of Ardmore Shipping stock opened at $13.91 on Tuesday. The firm’s 50 day simple moving average is $17.09 and its two-hundred day simple moving average is $19.32. The firm has a market capitalization of $581.99 million, a price-to-earnings ratio of 3.96 and a beta of 0.37. Ardmore Shipping has a 12-month low of $12.69 and a 12-month high of $23.44. The company has a current ratio of 3.50, a quick ratio of 3.18 and a debt-to-equity ratio of 0.07.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus downgraded Ardmore Shipping from a “buy” rating to a “hold” rating and cut their target price for the company from $24.00 to $17.00 in a research report on Wednesday, October 23rd. Fearnley Fonds upgraded Ardmore Shipping to a “hold” rating in a research note on Friday, September 27th. Evercore ISI upped their target price on Ardmore Shipping from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group raised their price target on shares of Ardmore Shipping from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded shares of Ardmore Shipping from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Ardmore Shipping has a consensus rating of “Hold” and an average price target of $22.33.

Ardmore Shipping Company Profile

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.