Ardmore Shipping (ASC) Projected to Post Earnings on Thursday

Ardmore Shipping (NYSE:ASC) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Ardmore Shipping to post earnings of $0.33 per share for the quarter.

Ardmore Shipping Stock Performance

Shares of ASC stock opened at $11.66 on Tuesday. Ardmore Shipping has a one year low of $10.86 and a one year high of $23.44. The company has a market cap of $487.67 million, a P/E ratio of 3.26 and a beta of 0.25. The firm has a 50-day moving average of $11.88 and a 200-day moving average of $15.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.57 and a quick ratio of 3.26.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reduced their target price on Ardmore Shipping from $20.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Stifel Nicolaus cut Ardmore Shipping from a “buy” rating to a “hold” rating and lowered their price objective for the company from $24.00 to $17.00 in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ardmore Shipping currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Ardmore Shipping Company Profile

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers.