Short interest for Ardmore Shipping gives investors a sense of the degree to which investors are betting on the decline of Ardmore Shipping's stock. Short interest data is updated every two weeks.

Ardmore Shipping Stock (NYSE:ASC), Short Interest Report

Ardmore Shipping

Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The Company operates its business in one operating segment, the transportation of refined petroleum products and chemicals.

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a  high dividend payout. 

Wall Street&#39;s Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields

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U.S. stocks traded mixed this morning, with Dow Jones dropping over 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.32% to 34,101.52 while the NASDAQ rose 0.16% to 13,594.96. The S&amp;P 500, also rose, gaining, 0.19% to 4,377.22.

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Crude Oil Down 1%; SkyWater Technology Shares Spike Higher

Ardmore Shipping Corporation Common Stock

Ardmore Shipping Corp

A SPAC I ACQUISITION CORP USD CL A ORD SHS

A SPAC I ACQUISITION CORP USD RTS

A SPAC I ACQUISITION CORP USD UNITS CONSISTING ONE CL A ORD SH OF NO PAR VALUE & ONE

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A SPAC II Acquisition Corp. - Ordinary Shares, Class A Common Stock

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ASCENDIA BRANDS INC by Ascendia Brands, Inc.

Ascendia Brands Inc

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ARISTOCRAT GRP CORP by Aristocrat Group Corp

Aristocrat Group Corp

ASICS Corp

ACOTEC SCIENTIFIC HLD ORD by ACOTEC SCIENTIFIC HLDGS LTD

Acotec Scientific Holdings Ltd

AMSC ASA

Auscrete Corp

ASCLETIS PHARMA INC by Ascletis Pharma Inc.

Ascletis Pharma Inc

Absecon Bancorp

ASCOPIAVE SPA TREVISO ORD by Ascopiave SPA Treviso

Ascopiave SpA

AMER CRYSTAL SUGAR PFD by American Crystal Sugar Co.

American Crystal Sugar Co

ARIZONA SONORAN COPPER CO by Arizona Sonoran Copper Company Inc.

Arizona Sonoran Copper Co Inc

<p>Stifel  analyst Benjamin Nolan   maintains Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Buy and raises the price target from $21 to $22.</p>


Stifel Maintains Buy on Ardmore Shipping, Raises Price Target to $22

<p>During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"><em> high dividend payout. </em></a></p>
<p>Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"><em> by analyst accuracy </em></a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.</p>
<h3><strong>Nordic American Tankers Limited</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nat#NYSE">NAT</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 12.21%</li>
<li><strong>Jefferies</strong> analyst Omar Nokta reiterated a Buy rating with a price target of $5.5 on Feb. 29, 2024. This analyst has an accuracy rate of 73%.</li>
<li><strong>B. Riley Securities</strong> analyst Liam Burke maintained a Buy rating and boosted the price target from $5.5 to $6 on Aug. 29, 2023. This analyst has an accuracy rate of 65%.</li>
<li><strong>Recent News:</strong> On Feb. 29, Nordic American Tankers posted weaker-than-expected quarterly results.</li>
</ul>
<h3><strong>Kimbell Royalty Partners, LP</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/krp#NYSE">KRP</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 10.80%</li>
<li><strong>Raymond James</strong> analyst John Freeman maintained a Strong Buy rating and cut the price target from $22 to $20 on Jan. 24, 2024. This analyst has an accuracy rate of 80%.</li>
<li><strong>Keybanc</strong> analyst Tim Rezvan maintained an Overweight rating and lowered the price target from $21 to $20 on Jan. 11, 2024. This analyst has an accuracy rate of 62%.</li>
<li><strong>Recent News:</strong> Kimbell Royalty Partners said it will release its first quarter 2024 financial results on May 2, 2024, before the opening bell.</li>
</ul>
<h3><strong>Ardmore Shipping Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/asc#NYSE">ASC</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 5.14%</li>
<li><strong>Stifel</strong> analyst Benjamin Nolan maintained a Buy rating and boosted the price target from $20 to $21 on Feb. 16, 2024. This analyst has an accuracy rate of 73%.</li>
<li><strong>Jefferies</strong> analyst Omar Nokta reiterated a Buy rating with a price target of $20 on Feb. 15, 2024. This analyst has an accuracy rate of 73%.</li>
<li><strong>Recent News:</strong> On March 15, Ardmore Shipping said it has filed 2023 annual report on Form 20-F.</li>
</ul>
<p>&nbsp;</p>
<p>Read More: <a href="https://www.benzinga.com/news/24/03/37889754/top-5-consumer-stocks-that-may-crash-this-month"><em> Top 5 Consumer Stocks That May Crash This Month</em></a></p>


Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields

<p>Jefferies  analyst Omar Nokta   reiterates Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Buy and maintains $20 price target.</p>


Reiteration

Jefferies Reiterates Buy on Ardmore Shipping, Maintains $20 Price Target

Guidance

Ardmore Shipping Expects Q1 2024 To Have All Revenue Days For MR Tankers Employed In Spot Market; All Revenue Days For Its Eco-Design IMO 2 Product/Chemical Tankers Employed In Spot Market

<p>Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) reported quarterly earnings of $0.63 per share which beat the analyst consensus estimate of $0.62 by 1.61 percent.  The company reported quarterly sales of $98.88 million which beat the analyst consensus estimate of $74.25 million by 33.17 percent.  This is a 5.95 percent increase over sales of $93.33 million the same period last year.</p>


Earnings Beats

Ardmore Shipping Q4 2023 Adj EPS $0.63 Beats $0.62 Estimate, Sales $98.88M Beat $74.25M Estimate

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Earnings Scheduled For February 15, 2024

<p><strong>Ardmore Shipping</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-15. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Ardmore Shipping will report an <strong>earnings per share</strong> (EPS) of $0.62. </p>
<p>Ardmore Shipping bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.08, which was followed by a 0.38% increase in the share price the next day.</p>
<p>Here's a look at Ardmore Shipping's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.41</td>
<td>0.56</td>
<td>1</td>
<td>1.24</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.49</td>
<td>0.57</td>
<td>1.04</td>
<td>1.30</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>0.38%</td>
<td>-0.58%</td>
<td>0.95%</td>
<td>3.9%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1707940856_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Ardmore Shipping were trading at $16.41 as of February 13. Over the last 52-week period, shares are down 13.11%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/ASC/earnings"><strong>To track all earnings releases for Ardmore Shipping visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


A Preview Of Ardmore Shipping's Earnings

<h3>What Defines a Value Stock?</h3>
<p>A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. </p>
<h2>The following stocks are considered to be notable value stocks in the industrials sector:</h2>
<ol>
<li><strong>Forward Air</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) - P/E: 9.83</li>
<li><strong>Eastman Kodak</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KODK#NYSE">KODK</a>) - P/E: 4.93</li>
<li><strong>Intuitive Machines</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) - P/E: 1.85</li>
<li><strong>Titan Intl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWI#NYSE">TWI</a>) - P/E: 7.07</li>
<li><strong>Ardmore Shipping</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) - P/E: 4.84</li>
</ol>
<p>Most recently, Forward Air reported earnings per share at $0.99, whereas in Q2 earnings per share sat at $0.91. Its most recent dividend yield is at 1.29%, which has increased by 0.49% from 0.8% in the previous quarter.</p>
<p>Eastman Kodak saw a decrease in earnings per share from 0.32 in Q2 to $0.0 now. This quarter, Intuitive Machines experienced a decrease in earnings per share, which was $1.52 in Q2 and is now $1.29. Most recently, Titan Intl reported earnings per share at $0.29, whereas in Q2 earnings per share sat at $0.43. The company's most recent dividend yield sits at 1.04%, which has increased by 0.45% from 0.59% last quarter. </p>
<p>This quarter, Ardmore Shipping experienced a decrease in earnings per share, which was $0.57 in Q2 and is now $0.49. The company's most recent dividend yield sits at 4.7%, which has decreased by 0.7% from 5.4% last quarter. </p>
<p><strong>The Significance:</strong> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</p>


FWRD

KODK

LUNR

5 Value Stocks In The Industrials Sector

<h3>Understanding Value Stocks</h3>
<p>A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. </p>
<h2>Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching:</h2>
<ol>
<li><strong>BlueLinx Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) - P/E: 7.15</li>
<li><strong>Ardmore Shipping</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) - P/E: 2.89</li>
<li><strong>MDU Resources Gr</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) - P/E: 7.08</li>
<li><strong>L S Starrett</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) - P/E: 3.53</li>
<li><strong>Titan Intl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWI#NYSE">TWI</a>) - P/E: 6.35</li>
</ol>
<p>BlueLinx Hldgs saw an increase in earnings per share from 2.91 in Q2 to $2.98 now. Most recently, Ardmore Shipping reported earnings per share at $0.49, whereas in Q2 earnings per share sat at $0.57. Most recently, the company reported a dividend yield of 4.7%, which has decreased by 0.7% from last quarter's yield of 5.4%.</p>
<p>MDU Resources Gr looks to be undervalued. It possesses an EPS of $0.29, which has not changed since last quarter (Q2). The company's most recent dividend yield sits at 2.25%, which has decreased by 0.86% from 3.11% last quarter. </p>
<p>Most recently, L S Starrett reported earnings per share at $-0.05, whereas in Q3 earnings per share sat at $0.35. The company's most recent dividend yield sits at 4.73%, which has decreased by 0.4% from 5.13% last quarter. </p>
<p>This quarter, Titan Intl experienced a decrease in earnings per share, which was $0.43 in Q2 and is now $0.29. Its most recent dividend yield is at 1.04%, which has increased by 0.45% from 0.59% in the previous quarter.</p>
<p><strong>The Significance:</strong> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</p>


A Look Into Industrials Sector Value Stocks

<p>Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) reported quarterly adjusted earnings of $0.49 per share which beat the analyst consensus estimate of $0.41 by 19.51 percent. This is a 68.18 percent decrease over earnings of $1.54 per share from the same period last year. The company reported quarterly sales of $86.94 million which beat the analyst consensus estimate of $59.11 million by 47.08 percent. This is a 38.95 percent decrease over sales of $142.40 million the same period last year.</p>


Ardmore Shipping Q3 Adj. EPS $0.49 Beats $0.41 Estimate, Sales $86.94M Beat $59.11M Estimate

<p><strong>Ardmore Shipping</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-11-07. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Ardmore Shipping will report an <strong>earnings per share</strong> (EPS) of $0.41. </p>
<p>Ardmore Shipping bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.01, which was followed by a 0.58% drop in the share price the next day.</p>
<p>Here's a look at Ardmore Shipping's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
<th><strong>Q3 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.56</td>
<td>1</td>
<td>1.24</td>
<td>1.43</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.57</td>
<td>1.04</td>
<td>1.30</td>
<td>1.54</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-0.58%</td>
<td>0.95%</td>
<td>3.9%</td>
<td>1.9%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1699286514_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Ardmore Shipping were trading at $13.66 as of November 03. Over the last 52-week period, shares are down 2.33%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/ASC/earnings"><strong>To track all earnings releases for Ardmore Shipping visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Preview: Ardmore Shipping

<h3>What are Value Stocks?</h3>
<p>A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. </p>
<h2>The following stocks are considered to be notable value stocks in the industrials sector:</h2>
<ol>
<li><strong>Ardmore Shipping</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) - P/E: 2.94</li>
<li><strong>Grindrod Shipping Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRIN#NASDAQ">GRIN</a>) - P/E: 9.66</li>
<li><strong>Castor Maritime</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRM#NASDAQ">CTRM</a>) - P/E: 0.41</li>
<li><strong>Hertz Global Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) - P/E: 3.11</li>
<li><strong>Costamare</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMRE#NYSE">CMRE</a>) - P/E: 2.21</li>
</ol>
<p>This quarter, Ardmore Shipping experienced a decrease in earnings per share, which was $1.04 in Q1 and is now $0.57. Most recently, the company reported a dividend yield of 5.4%, which has decreased by 4.93% from last quarter's yield of 10.33%.</p>
<p>Grindrod Shipping Hldgs's earnings per share for Q2 sits at $0.28, whereas in Q1, they were at -0.22. Most recently, the company reported a dividend yield of 1.18%, which has increased by 0.44% from last quarter's yield of 0.74%.</p>
<p>Castor Maritime saw an increase in earnings per share from -0.07 in Q1 to $0.09 now. Hertz Global Holdings's earnings per share for Q3 sits at $0.7, whereas in Q2, they were at 0.72. Costamare saw a decrease in earnings per share from 0.56 in Q2 to $0.46 now. Most recently, the company reported a dividend yield of 4.78%, which has increased by 0.02% from last quarter's yield of 4.76%.</p>
<p>These 5 value stocks were selected by <strong>Benzinga Insights</strong> based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.</p>


CMRE

CTRM

Grindrod Shipping Holdings Ltd Ordinary Shares

GRIN

<h3>What are Value Stocks?</h3>
<p>A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. </p>
<h2>Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching:</h2>
<ol>
<li><strong>Heidrick &amp; Struggles Intl</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSII#NASDAQ">HSII</a>) - P/E: 8.18</li>
<li><strong>Wabash National</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNC#NYSE">WNC</a>) - P/E: 5.14</li>
<li><strong>American Airlines Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) - P/E: 3.64</li>
<li><strong>Ardmore Shipping</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) - P/E: 2.79</li>
<li><strong>Universal Logistics Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULH#NASDAQ">ULH</a>) - P/E: 5.08</li>
</ol>
<p>Heidrick &amp; Struggles Intl has reported Q2 earnings per share at $0.73, which has decreased by 3.95% compared to Q1, which was 0.76. Most recently, the company reported a dividend yield of 2.21%, which has increased by 0.06% from last quarter's yield of 2.15%.</p>
<p>Wabash National has reported Q2 earnings per share at $1.54, which has increased by 48.08% compared to Q1, which was 1.04. The company's most recent dividend yield sits at 1.44%, which has increased by 0.12% from 1.32% last quarter. </p>
<p>American Airlines Group saw an increase in earnings per share from 0.05 in Q1 to $1.92 now. Its most recent dividend yield is at 1.46%, which has increased by 0.05% from 1.41% in the previous quarter.</p>
<p>Ardmore Shipping saw a decrease in earnings per share from 1.04 in Q1 to $0.57 now. Most recently, the company reported a dividend yield of 5.4%, which has decreased by 4.93% from last quarter's yield of 10.33%.</p>
<p>Universal Logistics Hldgs's earnings per share for Q2 sits at $0.9, whereas in Q1, they were at 0.95. Its most recent dividend yield is at 1.32%, which has decreased by 0.29% from 1.61% in the previous quarter.</p>
<p>These 5 value stocks were selected by <strong>Benzinga Insights</strong> based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.</p>


HSII

Overview Of Value Stocks In The Industrials Sector

<p>Jefferies  analyst Omar Nokta   reiterates Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Buy and raises the price target from $16 to $18.</p>


Jefferies Reiterates Buy on Ardmore Shipping, Raises Price Target to $18

<p>Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) reported quarterly earnings of $0.57 per share which missed the analyst consensus estimate of $0.61 by 6.56 percent. This is a 29.63 percent decrease over earnings of $0.81 per share from the same period last year.  The company reported quarterly sales of $91.90 million which beat the analyst consensus estimate of $61.89 million by 48.49 percent.  This is a 39.35 percent increase over sales of $65.95 million the same period last year.</p>


Earnings Misses

Ardmore Shipping Q2 EPS $0.57 Misses $0.61 Estimate, Sales $91.90M Beat $61.89M Estimate

<p>Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) reported quarterly earnings of $0.57 per share which missed the analyst consensus estimate of $0.61 by 6.56 percent. This is a 29.63 percent decrease over earnings of $0.81 per share from the same period last year.</p>


Ardmore Shipping Q2 EPS $0.57 Misses $0.61 Estimate

<p>Stifel  analyst Benjamin Nolan   maintains Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Buy and lowers the price target from $24 to $19.</p>


Stifel Maintains Buy on Ardmore Shipping, Lowers Price Target to $19

<p>U.S. stocks traded mixed this morning, with Dow Jones dropping over 100 points on Wednesday.</p>
<p>Following the market opening Wednesday, the Dow traded down 0.32% to 34,101.52 while the NASDAQ rose 0.16% to 13,594.96. The S&amp;P 500, also rose, gaining, 0.19% to 4,377.22.</p>
<p>Check This Out: <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32855733/bitcoin-falls-below-26-000-ahead-of-feds-decision-xrp-becomes-top-loser"><em> Bitcoin Falls Below $26,000 Ahead Of Fed&#39;s Decision; XRP Becomes Top Loser</em></a></p>
<p>&nbsp;<br />
<h3><strong>Leading and Lagging Sectors</strong></h3>
<ul>
<li>Energy shares jumped by 0.9% on Wednesday. Meanwhile, top gainers in the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> included <strong> NextDecade Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/next#NASDAQ">NEXT</a>), up 49%, and <strong> Ardmore Shipping Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/asc#NYSE">ASC</a>), up 4%.</li>
<li>In trading on Wednesday, health care shares fell by 0.8%.</li>
</ul>
</p>
<p>&nbsp;<br />
<h3><strong>Top Headline</strong></h3>
</p>
<p>Producer prices for final demand fell 0.3% month-over-month in May versus a 0.2% increase in April, and compared to market expectations for a 0.1% decline.</p>
<p>&nbsp;<br />
<h3><strong>Equities Trading UP</strong></h3>
<ul>
<li><strong>WeTrade Group, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wetg#NASDAQ">WETG</a>) shares shot up 113% to $17.99. WeTrade launched large-scale language processing models to increase product applications in the field of artificial intelligence.</li>
<li>Shares of <strong> NextDecade Corporation </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/next#NASDAQ">NEXT</a>) got a boost, shooting 50% to $7.71 after the company announced it has entered into framework agreements with Global Infrastructure Partners and TotalEnergies to support the development of the Rio Grande LNG project.</li>
<li><strong>Inventiva S.A. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iva#NASDAQ">IVA</a>) shares were also up, gaining 24% to $4.56 after the company announced its Phase II clinical trial evaluating lanifibranor in patients with T2D and NAFLD achieved its primary efficacy endpoint.</li>
</ul>
</p>
<p>&nbsp;<br />
<h3><strong>Equities Trading DOWN</strong></h3>
<ul>
<li><strong>Cineverse Corp. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnvs#NASDAQ">CNVS</a>) shares dropped 30% to $2.49 after the company reported pricing of $8 million public offering.</li>
<li>Shares of <strong> IperionX Limited </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ipx#NASDAQ">IPX</a>) were down 27% to $9.63. IperionX shares climbed over 100% on Tuesday after the company announced it will produce titanium components for the Ford Motor Company.</li>
<li><strong>Eastside Distilling, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/east#NASDAQ">EAST</a>) was down, falling 23% to $4.82 after the company disclosed business and financial updates.</li>
</ul>
</p>
<p>Also Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/06/32853907/top-3-materials-stocks-that-are-preparing-to-pump-in-q2"><em> Top 3 Materials Stocks That Are Preparing To Pump In Q2</em></a></p>
<p>&nbsp;<br />
<h3><strong>Commodities</strong></h3>
</p>
<p>In commodity news, oil traded up 0.9% to $70.05 while gold traded up 0.4% at $1,966.00.</p>
<p>Silver traded up 0.6% to $23.96 on Wednesday while copper rose 0.3% to $3.8410.</p>
<p>Stocks of crude oil in the US climbed by 1.024 by million barrels in the week ended June 9, the API said Tuesday.</p>
<p>&nbsp;<br />
<h3><strong>Euro zone</strong></h3>
</p>
<p>European shares were higher today. The eurozone&rsquo;s STOXX 600 rose 0.6%, London&rsquo;s FTSE 100 rose 0.5% while Spain&rsquo;s IBEX 35 Index jumped 1.4% The German DAX gained 0.5% French CAC 40 rose 0.8% and Italy&rsquo;s FTSE MIB Index rose 1.2%.</p>
<p>Industrial production in the Eurozone rose 1.0% month-over-month in April versus a 3.8% decline in the previous period. German wholesale prices declined by 2.6% year-over-year in May.</p>
<p>The UK trade deficit shrank to GBP 1.52 billion in April, recording the smallest gap since Oct, 2022. Industrial production in the UK fell 0.3% month-over-month for April. The British economy grew by 0.2% month-over-month in April versus a 0.3% decline in the prior month.</p>
<p>&nbsp;<br />
<h3><strong>Asia Pacific Markets</strong></h3>
</p>
<p>Asian markets closed mixed on Wednesday, with Japan&rsquo;s Nikkei 225 gaining 1.47%, Hong Kong&rsquo;s Hang Seng Index dropping 0.58% and China&rsquo;s Shanghai Composite Index dropping 0.14%. India&rsquo;s S&amp;P BSE Sensex rose 0.1%.</p>
<p>India&#39;s wholesale prices fell by 3.48% year-over-year in May following a 0.92% drop in the earlier month.</p>
<p>&nbsp;<br />
<h3><strong>Economics</strong></h3>
<ul>
<li>Mortgage applications in the U.S. rose 7.2% in the week ended June 9, recording the first increase in five weeks.</li>
<li>Producer prices for final demand fell 0.3% month-over-month in May versus a 0.2% increase in April, and compared to market expectations for a 0.1% decline.</li>
</ul>
</p>
<p>Now Read This: <a href="https://www.benzinga.com/news/23/06/32853788/amd-dropbox-and-2-other-stocks-insiders-are-selling"><em> AMD, Dropbox And 2 Other Stocks Insiders Are Selling</em></a></p>
<p>&nbsp;<br />
<h3><strong>COVID-19 Update</strong></h3>
</p>
<p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 107,194,310 cases with around 1,166,810 deaths. India confirmed a total of at least 44,993,080 cases and 531,890 deaths, while France reported over 40,116,540 COVID-19 cases with 167,500 deaths. In total, there were at least 690,329,200 cases of COVID-19 worldwide with more than 6,891,070 deaths.
</p>


<p>Jefferies  analyst Omar Nokta   maintains Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Buy and lowers the price target from $20 to $17.</p>


Jefferies Maintains Buy on Ardmore Shipping, Lowers Price Target to $17

<p>Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $1.00 by 4 percent. This is a 3566.67 percent increase over losses of $(0.03) per share from the same period last year.  The company reported quarterly sales of $81.67 million which missed the analyst consensus estimate of $87.90 million by 7.09 percent.  This is a 28.88 percent increase over sales of $63.37 million the same period last year.</p>


CORRECTION: Ardmore Shipping Q1 EPS $1.04 Beats $1.00 Estimate, Sales $81.67M Miss $87.90M Estimate

Ardmore Shipping declares $0.21 dividend

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Reuters, Musk, And Emotions

Ardmore Shipping: A Relatively Cheap Yield Play

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>If you&rsquo;ve been keeping up with the news lately, you know tensions in the Middle East have been escalating significantly. While they&rsquo;ve calmed down for the moment, as long as conflict continues raging in the region, it&rsquo;s only a matter of time before the next major flare-up. Moreover, production cuts from OPEC+ and sanctions on major oil producers like Russia can only mean oil will keep trading at elevated prices in the future. Venezuela also got slapped with sanctions recently, so <a href="https://investorplace.com/industries/energy/oil/">oil stocks</a> are a great investment right now.</p>



<p>However, some of the best bets might be more under the radar than you think. Companies with connections to the oil industry that are less talked about can deliver significantly higher returns since they&rsquo;re trading at very cheap levels. These aren&rsquo;t pure-play oil stocks, but their ties to the sector still make them compelling oil investments.</p>



<h2>Plains All American Pipeline (PAA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/oil-pipeline-1600-300x169.jpg" alt="Pipelines in the desert"><div>Source: bht2000 / Shutterstock.com</div></div><p><strong>Plains All American Pipeline</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/paa-stock-quote/"><strong>PAA</strong></a></span>) is a master limited partnership playing a key role in crude oil transportation within the United States and Canada. The company engages in vital activities like pipeline transport, marketing and storage of liquefied petroleum gas and petroleum. PAA stock has been outperforming significantly of late despite poor historical results. This impressive performance is largely attributable to America&rsquo;s ongoing industrial and infrastructure boom, alongside the push towards onshoring and reducing dependence on foreign oil.</p>



<p>Although modestly valued with a forward P/E of 14, a major plus for PAA is its high dividend yield of 7%, even amidst the stock&rsquo;s strong run. It&rsquo;s worth remembering this stock has trounced all benchmarks across the past three years thanks to a decisive shift in energy policy &ndash; a transformation unlikely to reverse course anytime soon. Even if we see a change in administration, Trump would probably keep tailwinds blowing for PAA since he has already signaled plans to unleash domestic drilling and production as soon as he takes office.</p>



<p>The total estimated <a href="https://seekingalpha.com/article/4684998-plains-all-american-stock-buy-despite-recent-outperformance">CapEx for 2024 is at $600 million</a>. In comparison, EBITDA of ~$2.75 billion leaves PAA with huge cash flow to either strengthen its balance sheet or reward shareholders directly via dividends.</p>



<h2>Dynagas LNG Partners LP (DLNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/oil-shipping1600-300x169.png" alt="Crude oil tanker and LPG Loading in port at sea view from above. Aerial view oil tanker ship shot from drone. Oil prices, oil shipping, oil stocks."><div>Source: Avigator Fortuner / Shutterstock.com</div></div><p><strong>Dynagas LNG Partners</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/dlng-stock-quote/"><strong>DLNG</strong></a></span>) transports liquefied natural gas (<span>LNG</span>) worldwide through sea. The company owns and operates a fleet of six LNG carriers with a total carrying capacity approaching 1 million cubic meters. DLNG provides reliable performance to charterers and stakeholders.</p>



<p>While Russia does produce natural gas, most LNG imported by Europe and other Western nations comes from Qatar in the Middle East. This means LNG must pass through the Strait of Hormuz, so any conflict with Iran could cause shipping expenses and natural gas costs to surge upward. Tensions in the Red Sea have already triggered increases, alongside the threat of rare but possible Somali pirate attacks.</p>



<p>Despite appreciating 25% year-to-date, I see a massive remaining upside for DLNG since shares trade at a paltry 2.7 times forward earnings with steady profits that should let the company pay down debt and return substantial cash to shareholders.</p>



<h2>Ardmore Shipping Corporation (ASC)</h2>



<div><img width="300" height="227" src="https://investorplace.com/wp-content/uploads/2014/06/natural-gas-pipeline-630-ISP-300x227.jpg" alt="gas"><div>Source: &copy;iStock.com/3dmentat</div></div><p>Bermuda-based <strong>Ardmore Shipping</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/asc-stock-quote/"><strong>ASC</strong></a></span>) specializes in the seaborne transportation of refined oil products and chemicals internationally. Their fleet of 22 owned plus four chartered vessels includes Eco-design and Eco-mod ships serving major oil companies, chemical producers and pooling providers.</p>



<p>Much like LNG carriers, Ardmore benefits from elevated shipping expenses caused by Middle East tensions, especially in vital chokepoints like the Strait of Hormuz and Bab el-Mandeb. ASC moves massive amounts of crude oil through the same narrow passages.</p>



<p>Although already up 370% since 2022, ASC still has a substantial upside. The stock has been flat over the past year but remains inexpensive. The juicy 5.7% forward dividend yield is also extremely attractive.</p>



<p>Beyond dividends, ASC boasts <a href="https://www.gurufocus.com/term/net-margin/ASC">stellar 29.5% margins</a> that beat 91% of industry peers. Alongside dividends, the company has substantially reduced debt and maintains a superb cash-to-debt ratio of just 0.5x. Yet, shares trade at only 5 times forward earnings.</p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/3-oil-stocks-to-buy-before-the-middle-east-spark/">3 Oil Stocks to Buy Before the Middle East Spark</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Oil Stocks to Buy Before the Middle East Spark

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Ardmore Shipping Corp (ASC) has released an update. Ardmore Shipping Corporation is set to announce its first quarter 2024 financial results on May...

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Ardmore Shipping Stock (NYSE:ASC), Short Interest Report

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