
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp is poised for a positive trajectory in earnings due to anticipated increases in OPEC+ volumes and improved refinery profitability, which are expected to bolster financial performance in the coming months. The company’s recent addition of three modern Medium Range (MR) ships is estimated to enhance its earnings per share (EPS) by $0.16 by 2026, benefiting from an assumed market daily rate of $25,500. Furthermore, Ardmore's strong 3Q results, coupled with effective 4Q bookings—securing 40% of MR spot days at $24,900/day—signal robust demand and revenue stability moving forward.
Bears say
Ardmore Shipping Corp faces potential volatility in its financial performance, as fluctuations in oil volumes can significantly affect charter rates, creating uncertainty in revenue stability. The company's net loan-to-value (LTV) ratio remains low at 6%, and net debt of $69 million against a fleet value exceeding $750 million indicates a manageable financial structure; however, this may not be sufficient to mitigate risks associated with changing market conditions. Additionally, higher interest rates are correlated with declining ship values, which could further undermine the company’s financial position and overall stock performance.
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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