
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp is expected to experience strengthened earnings power in the coming months due to increasing OPEC+ volumes and improved refinery profitability. The delivery of three modern MR tankers is anticipated to enhance earnings, contributing an estimated $0.16 per share to the company's 2026 earnings per share (EPS), while revenue days are projected to increase significantly. Additionally, the company has secured substantial bookings for the fourth quarter, with 40% of MR spot days booked at an average rate of $24,900 per day, indicating a positive outlook for overall fleet performance.
Bears say
The outlook for Ardmore Shipping's stock appears negative due to the volatility in charter rates, which may significantly fluctuate based on oil volume changes in the market. The company's low net loan-to-value (LTV) ratio of 6% and relatively high net debt of $69 million compared to a fleet value exceeding $750 million suggests limited financial flexibility in a challenging market. Additionally, the relationship between interest rates and ship values could further exacerbate financial pressures, as higher rates are likely to lead to declining asset values for the company.
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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