Ardmore Shipping (ASC)
Runs product and chemical tankers across global seaborne trade.
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Transports refined petroleum products and chemicals worldwide through MR and smaller product-chemical tankers. Revenue comes mainly from spot charters, with time charters and pooling arrangements adding contract coverage.
Owns and operates MR product and chemical tankers, plus smaller chemical-capable vessels, for oil majors, national oil companies, traders, and chemical companies. Transportation of refined petroleum products and chemicals is reported as a single operating segment.
Works across worldwide trade rather than a fixed sales region, using spot charters, time charters, and pooling arrangements. The model relies on commercial independence, vessel operations, customer service, and seafarer support across at-sea and shore teams.
Results are shaped by tanker-market cyclicality, charter-rate volatility, environmental and climate regulation, counterparty performance, financing access, and fleet-maintenance capital needs. A fleet-renewal program adds late-decade delivery exposure through Handysize product and chemical tanker newbuildings.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Apr 21, 2026 | Evercore ISI | Target | Target: $15 | Target: $19 |
| Oct 28, 2025 | Evercore ISI | Target | Target: $13 | Target: $15 |
| Oct 23, 2024 | Stifel | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $48.1M · Total debt $35.0M · Total assets $757.6M · Shareholders' equity $700.0M
- Revenue
- $116.2M
- Operating income
- $49.8M
- Net income
- $60.5M
HistoryDividendAnnual yield
| Institutions | ≈ 84.79% | 34.53M ADS | |
|---|---|---|---|
| 197 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 9.56% | 3.90M ADS | |
| 11 holders · as of Jul 14, 2026 | |||
| Strategic holders | 1.52% | 620.4K ADS | |
| 1 holder · as of Feb 11, 2022 | |||
| Other | ≈ 4.13% | 1.68M ADS | |
| remainder | |||
40.73M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.44% | 3.85M ADS | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.13% | 2.50M ADS | as of Jun 30, 2026 |
Ii B.v.Insider | 5.00% | 2.04M | filed Dec 23, 2022 |
Wellington Management Group LLPInstitution | 4.87% | 1.98M ADS | as of Jun 30, 2026 |
American Century Companies IncInstitution | 4.26% | 1.74M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 18, 2026 | Curtis B. McWilliams | director | −16,277 | $19.38 |
| May 15, 2026 | Curtis B. McWilliams | director | −848 | $19.01 |
| May 15, 2026 | Helen Johanna de Jong | director | −1,534 | $18.93 |
| May 13, 2026 | Curtis B. McWilliams | director | −303 | $19.02 |
| May 12, 2026 | Curtis B. McWilliams | director | −2,572 | $19.05 |
- Hafnia
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- Scorpio Tankers
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- TORM
Global product-tanker carrier with MR, LR1, and LR2 overlap
- International Seaways
Mixed crude/product tanker owner with MR and LR1 product exposure
- Frontline
Large crude/product tanker owner with LR2 refined-product overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ardmore Shipping | $18.25 | −1.91% | $758.9M | 7.2 | 8.8 | 2.1 | +61.3% |
| Hafnia | $9.39 | −3.30% | $4.85B | 7.6 | 7.9 | 1.8 | −32.7% |
| Scorpio Tankers | $84.23 | −2.30% | $4.32B | 5.4 | 11.4 | 3.6 | +70.2% |
| TORM | $35.34 | −4.80% | $3.80B | 6.2 | 4.8 | 2.2 | +62.4% |
| International Seaways | $105.49 | −3.31% | $5.40B | 7.0 | 8.7 | 4.3 | +121.9% |
| Frontline | $48.74 | −2.15% | $11.09B | 7.5 | 6.2 | 4.1 | +166.2% |
| Median | 7.0 | 7.9 | 3.6 | +70.2% |