
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp has experienced a notable increase in refinery margins, enhancing ton-mile demand, which bodes well for its transportation services of refined petroleum products and chemicals. The company boasts a robust balance sheet, with total liquidity of $243.4 million and a low debt balance of $38.8 million, allowing it to reward shareholders through dividends and a new share buyback program. Additionally, Ardmore's adjusted fourth-quarter earnings of $0.25 per share surpassed expectations, driven by higher spot rates and strong average daily earnings for its chemical tankers, demonstrating its financial resilience amidst geopolitical uncertainties.
Bears say
Ardmore Shipping Corp's adjusted EBITDA of $20.2 million fell short of consensus estimates, reflecting challenges in sustaining revenue growth amidst a backdrop of market softness. Despite improving operational efficiencies with a substantial reduction in cash breakeven costs and low leverage, anticipated capital expenditures of $30-35 million for vessel maintenance in 2025 may strain financial flexibility. Additionally, the entry of crude tankers into the product trade and declining oil demand are expected to contribute to decreasing earnings and dividends, raising concerns about the company’s ability to maintain profitability in a competitive market environment.
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
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