Ardmore Shipping (ASC) Receiving Somewhat Favorable Press Coverage, Accern Reports

Media coverage about Ardmore Shipping (NYSE:ASC) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ardmore Shipping earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the shipping company an impact score of 45.4414206235607 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have impacted Accern Sentiment’s rankings:

A number of research firms have weighed in on ASC. Zacks Investment Research downgraded shares of Ardmore Shipping from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine lowered shares of Ardmore Shipping from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Jefferies Group began coverage on shares of Ardmore Shipping in a research report on Monday, December 18th. They issued a “buy” rating and a $11.00 price objective for the company. Morgan Stanley raised their price target on shares of Ardmore Shipping from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Finally, Stifel Nicolaus set a $10.00 price target on shares of Ardmore Shipping and gave the company a “buy” rating in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $10.50.

Ardmore Shipping (NYSE:ASC) traded up $0.10 during trading on Monday, reaching $8.15. 160,700 shares of the company’s stock traded hands, compared to its average volume of 183,856. The firm has a market cap of $273.64, a PE ratio of -22.03, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.41 and a current ratio of 1.57. Ardmore Shipping has a 52-week low of $6.60 and a 52-week high of $9.05.

Ardmore Shipping (NYSE:ASC) last released its earnings results on Wednesday, November 1st. The shipping company reported ($0.14) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.14). The firm had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $29.99 million. Ardmore Shipping had a negative net margin of 6.45% and a negative return on equity of 3.08%. Ardmore Shipping’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS. equities research analysts anticipate that Ardmore Shipping will post -0.36 earnings per share for the current year.

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About Ardmore Shipping

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company’s segment relates to the operations of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation.

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