
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp is experiencing favorable market trends as refinery margins have increased, enhancing ton-mile demand for its fleet of fuel-efficient mid-size product and chemical tankers. The company maintains a strong financial position, reporting total liquidity of $243.4 million, with a debt balance of only $38.8 million, thereby enabling ongoing shareholder rewards such as dividends and a newly initiated share buyback program. Additionally, Ardmore's impressive fourth-quarter adjusted earnings of $0.25 per share, along with strong average rates of $21,406 per day for its chemical tankers, underscore the company's robust financial performance amid a backdrop of historical strength in product tanker rates.
Bears say
The financial performance of Ardmore Shipping Corp reflects potential challenges, with adjusted EBITDA of $20.2 million falling short of market consensus and forecast expectations, signaling weaknesses in revenue generation despite a beat attributed to higher revenues. The anticipated capital expenditures of $30-35 million in 2025 for vessel maintenance and upgrades could strain financial resources, coupled with a predicted decrease in earnings and dividends due to ongoing market softness and reduced refinery throughput. Additionally, the company is facing pressures from an influx of crude tankers in the product trade, resulting in lowered spot rates and asset prices, contributing to a cautious outlook for operational profitability 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
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