Ardmore Shipping(ASC)
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Wall Street Analysts Think Ardmore Shipping (ASC) Is a Good Investment: Is It?
ZACKS· 2024-06-11 22:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Ardmore Shipping (ASC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Ardmore Shipping currently has an a ...
Moderate to Severe Acne Pipeline Landscape Analysis, 2024, Featuring Emerging Therapies ASC40 (Ascletis Pharma), BTX 1503 (Botanix Pharmaceuticals), and More
GlobeNewswire News Room· 2024-06-06 22:56
Dublin, June 06, 2024 (GLOBE NEWSWIRE) -- The "Moderate to Severe Acne - Pipeline Insight, 2024" report has been added to ResearchAndMarkets.com's offering.The global therapeutic market is on the cusp of transformation as novel insights emerge in the pipeline landscape for Moderate to Severe Acne treatment. This is highlighted in a current comprehensive report, focusing on the trajectory of research and development efforts in this domain. Disclosed within this report are the ambitious endeavors of 10+ phar ...
Ardmore Shipping: Safety In The Seas As TCE Rates May Permanently Elevate
Seeking Alpha· 2024-05-12 20:03
Alexey Bakharev The global shipping market is among the most interesting today because it, for the most part, is positively impacted by generally bad news. That is to say that shipping, particularly commodity shipping, benefits from the increased strain in geopolitical relations and tepid global economic conditions. After over a decade of poor performance, most shipping stocks have doubled, tripled, or more from their previous lows. One notable example is Ardmore Shipping (NYSE:ASC), which recently shot up ...
Ardmore Shipping (ASC) is a Great Momentum Stock: Should You Buy?
Zacks Investment Research· 2024-05-11 01:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
Best Momentum Stock to Buy for May 10th
Zacks Investment Research· 2024-05-10 23:06
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May10th:Sprouts Farmers Market (SFM) : This company which operates in a highly fragmented grocery store industry, has a unique model that features fresh produce, foods section, and a vitamin department focused on overall wellness, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.Sprouts Farmers Market’s shares ...
Best Income Stocks to Buy for May 10th
Zacks Investment Research· 2024-05-10 21:06
Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 10th:Ardmore Shipping (ASC) : This company which provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, as well as in other areas in Colombia and northern Peru, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.2% over the last 60 days.This Zacks Rank #1 ...
Ardmore Shipping Corporation (ASC) Hit a 52 Week High, Can the Run Continue?
Zacks Investment Research· 2024-05-09 22:16
Have you been paying attention to shares of Ardmore Shipping (ASC) ? Shares have been on the move with the stock up 30.1% over the past month. The stock hit a new 52-week high of $20.52 in the previous session. Ardmore Shipping has gained 44.4% since the start of the year compared to the 0% move for the Zacks Transportation sector and the 13.8% return for the Zacks Transportation - Shipping industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't m ...
Ardmore Shipping(ASC) - 2024 Q1 - Earnings Call Transcript
2024-05-09 01:26
财务数据和关键指标变化 - 公司在第一季度实现了38美元的调整后每股收益,较上年同期大幅增长 [7] - 公司MR船舶在第一季度的日均收益为38,400美元,第二季度已上升至40,500美元,已有60%的航次被预订 [7] - 公司化学品船舶在第一季度的日均收益为29,100美元,第二季度已上升至39,000美元,已有60%的航次被预订 [7] 各条业务线数据和关键指标变化 - 公司MR船舶和化学品船舶的收益均呈现出强劲的增长态势 [7] - 公司正在通过出售旧船并购买更节能环保的新船来提升船队性能和减少碳排放 [13] 各个市场数据和关键指标变化 - 受益于地缘政治因素和供需格局的改善,公司所处的成品油和化学品航运市场持续保持强劲 [10][11] - 成品油航运需求增长得益于欧盟禁运俄罗斯成品油以及巴拿马运河拥堵等因素 [10] - 化学品航运需求也保持良好,受益于全球经济复苏和中国出口配额增加 [11] 公司战略和发展方向及行业竞争 - 公司坚持既往的资本配置政策,在保持股息支付的同时,也在逐步优化船队结构 [12][13] - 公司正在通过减少债务成本、提高运营效率等措施不断降低现金平衡点,增强抗风险能力 [21][23] - 公司正在积极投资安装二代脱硫装置和其他节能环保设备,以提升船队性能和减排 [23] 管理层对经营环境和未来前景的评论 - 管理层对公司所处的航运市场前景保持乐观,认为地缘政治因素和供需格局的改善将持续支撑市场 [10][11] - 管理层表示公司的财务实力和灵活的资本配置政策,将使其能够充分捕捉当前市场机遇 [12][15] 问答环节重要的提问和回答 问题1 **Omar Nokta 提问** 询问化学品船舶业务的表现以及未来展望 [30][31] **管理层回答** 公司化学品船舶业务表现良好,得益于良好的租船实践和市场环境。公司会根据市场情况灵活调整化学品船舶的投放 [31] 问题2 **Jon Chappell 提问** 询问公司进一步降低现金平衡点的具体措施 [39][40] **管理层回答** 公司正通过出售并回租、进一步减债等多种措施来降低现金平衡点,以提高盈利质量和抗风险能力 [40] 问题3 **Climent Molins 提问** 询问公司在E1 Marine的投资进展情况 [48][49] **管理层回答** 公司在2021年投资了E1 Marine,该公司拥有将甲醇制氢的专有技术。目前E1 Marine正在通过授权许可等方式扩大全球规模,为公司的能源转型计划提供支持 [49]
Ardmore Shipping(ASC) - 2024 Q2 - Quarterly Report
2024-05-08 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the three months ended March 31, 2024 Commission file number 001-36028 ARDMORE SHIPPING CORPORATION (Exact name of Registrant as specified in its charter) Belvedere Building, Ground Floor, 69 Pitts Bay Road, Pembroke, HM08, Bermuda (Address of principal executive office) Indicate by check mark whether the registrant ...
Is Ardmore Shipping (ASC) Outperforming Other Transportation Stocks This Year?
Zacks Investment Research· 2024-05-02 22:46
Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Ardmore Shipping (ASC) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Ardmore Shipping is one of 132 companies in the Transportation group. The Transportation group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stoc ...