
Ardmore Shipping (ASC) Stock Forecast & Price Target
Ardmore Shipping (ASC) Analyst Ratings
Bulls say
Ardmore Shipping Corp is poised for improved earnings due to increased OPEC+ volumes and heightened refinery profitability, which are expected to bolster its financial performance in the coming months. The addition of three new ships is projected to raise the earnings per share estimate for 2026 by $0.16, benefiting from a favorable market rate of $25,500 per day. Furthermore, the company has successfully secured significant bookings for the fourth quarter, with 40% of combined MR spot days booked at $24,900 per day, highlighting a robust demand environment for its modern and efficient fleet.
Bears say
Ardmore Shipping Corp's stock outlook is negatively impacted by its dependence on volatile charter rates, which can fluctuate significantly based on market oil volumes, posing risks to revenue stability. Furthermore, the company's net loan-to-value (LTV) ratio, while low, indicates that it remains susceptible to adverse conditions in the shipping market, particularly during times of rising interest rates that could negatively affect fleet valuations. Lastly, the consensus earnings estimate of $0.14 may be revised higher, but such adjustments do not mitigate the underlying uncertainties associated with oil market dynamics and their impacts on charter rates.
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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