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 ...

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 Corporation (NYSE:ASC) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Anthony Gurnee - Chief Executive Officer Bart Kelleher - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Jon Chappell - Evercore Climent Molins - Value Investor’s Edge Operator Good morning, ladies and gentlemen and welcome to Ardmore Shipping’s First Quarter 2024 Earnings Conference Call. Today’s call is being recorded and an audio webcast and presentation are av ...

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 ...

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 ...

Ardmore Shipping (ASC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 8. On ...

Ardmore Shipping (ASC) closed the most recent trading day at $16.89, moving +1.62% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 0.4%, and the technology-dominated Nasdaq saw an increase of 2.03%.Coming into today, shares of the shipping company had gained 1.22% in the past month. In that same time, the Transportation sector lost 7.09%, while the S&P 500 lost 3.15%.Investors will be eagerly watching for the per ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

Shares of Ardmore Shipping (ASC) have gained 0.6% over the past four weeks to close the last trading session at $16.32, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $20.67 indicates a potential upside of 26.7%.The mean estimate comprises three short-term price targets with a standard deviation of $1.15. While the lowest estimate of $20 indicates a 22.6% increase from the curr ...

If you’ve been keeping up with the news lately, you know tensions in the Middle East have been escalating significantly. While they’ve calmed down for the moment, as long as conflict continues raging in the region, it’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 oil stocks are a great inve ...