
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp is positioned for enhanced earnings potential in the upcoming months due to anticipated increases in OPEC+ volumes and heightened refinery profitability. The delivery of three modern Medium Range (MR) ships is expected to contribute significantly to earnings, potentially raising the 2026 EPS estimate by $0.16 per share based on a market rate of $25,500 per day. Additionally, strong bookings for the fourth quarter, with 40% of MR spot days secured at $24,900 per day, suggest robust demand and financial performance moving forward.
Bears say
Ardmore Shipping Corporation faces a challenging outlook primarily due to the volatility in charter rates, which can be significantly impacted by fluctuations in oil volumes. The company's low net loan-to-value ratio of 6%, while indicative of manageable debt levels relative to fleet value, may not shield it from the adverse effects of rising interest rates that typically correlate with declining vessel values. Furthermore, the current consensus earnings estimate of $0.14, perceived as potentially too conservative, reflects broader uncertainties within the market that could hinder the company's financial stability moving forward.
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