Ardmore Shipping Analysis (March) 2026 | Price, Valuation & Outlook

Ardmore Shipping

NYSE:ASC

$ 15,22

$-0,07 (-0,46%)

15,22 $

$-0,07 (-0,46%)

End-of-day quote: 03/26/2026

Ardmore Shipping Stock Value

According to analysts, the current valuation of NYSE:ASC is Buy.

Buy

Ardmore Shipping Company Info

EPS Growth 5Y

116,44%

Market Cap

$0,62 B

Long-Term Debt

$0,13 B

Quarterly earnings

05/07/2026 (E)

Dividend

$0,31

Dividend Yield

2,03%

Founded

2010

Industry

Energy

Country

Bermuda

Website

Ardmore Shipping

ISIN Number

MHY0207T1001

Website

http://ardmoreshipping.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$17,95

17.94%

Last Update: 03/26/2026

Analysts: 2

Highest Price Target $21,00

Average Price Target $17,95

Lowest Price Target $14,90

In the last five quarters, Ardmore Shipping’s Price Target has fallen from $25,70 to $18,60 - a -27,63% decrease. Two analysts predict that Ardmore Shipping’s share price will increase in the coming year, reaching $17,95. This would represent an increase of 17,94%.

Top growth stocks in the energy sector (5Y.)

What does Ardmore Shipping do?

Ardmore Shipping Corporation (Ardmore Shipping) is an integrated shipping company. Ardmore Shipping provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with the company’s modern, fuel-efficient fleet of mid-size product and chemical tankers. As of March 7, 2025, the company’s fleet consists of 22 owned vessels and four chartered-in vessels, all of which are in operation. The comp...

Ardmore Shipping Corporation (Ardmore Shipping) is an integrated shipping company.

Ardmore Shipping provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with the company’s modern, fuel-efficient fleet of mid-size product and chemical tankers. As of March 7, 2025, the company’s fleet consists of 22 owned vessels and four chartered-in vessels, all of which are in operation.

The company has 79 wholly owned subsidiaries, a significant number of which represent single ship-owning companies for the company’s fleet, one 50%-owned joint venture entity, Anglo Ardmore Ship Management Limited (‘AASML’), which provides technical management services to the company’s fleet, and one 10% equity stake in another entity.

Ardmore Maritime Services (Asia) Pte. Limited (‘AMSA’), a wholly owned subsidiary incorporated in Singapore, carries out the company’s management services and associated functions. Ardmore Shipping Services (Ireland) Limited (‘ASSIL’), a wholly owned subsidiary incorporated in Ireland, provides the company’s corporate, accounting, fleet administration and operations services. Ardmore Shipping (Asia) Pte. Limited (‘ASA’), a wholly owned subsidiary incorporated in Singapore, and Ardmore Shipping (Americas) LLC (‘ASUSA’), a wholly owned subsidiary incorporated in Delaware, each perform commercial management and chartering services for the company.

The company is strategically focused on modern, fuel-efficient, mid-size product and chemical tankers. The company actively pursues opportunities to exploit the overlap that exists between the clean petroleum product (‘CPP’) and chemical sectors in order to enhance earnings, and also seek to engage in more complex CPP trades, such as multi-grade and multi-port loading and discharging operations, where the company’s knowledge of chemical operations is beneficial to the company’s CPP customers.

The company’s fuel-efficient operations are designed to enhance its operating performance and provide value-added service to the company’s customers. The company is at the forefront of fuel efficiency and emissions reduction trends and are well positioned to capitalize on these developments with the company’s fleet of Eco-design vessels. The company’s acquisition strategy includes to continue to build the company’s fleet with Eco-design newbuildings or Eco-design second-hand vessels and with modern second-hand vessels that can be upgraded to Eco-mod.

The company views energy transition as less of a compliance challenge and more of an opportunity, which the company has set out in its ETP, which is posted on the company’s website. The company has established Ardmore Ventures as the company’s holding company for existing and future potential investments related to the ETP and the company completed its first projects under the ETP in June 2021.

The company’s fleet is technically managed by a combination of ASSIL and the company’s 50% owned joint venture AASML. The company has a resolute focus on both high-quality service and efficient operations.

The company is commercially independent, as the company has no blanket employment arrangements with third-party or related-party commercial managers. Through the company’s in-house chartering and commercial team, the company markets its services directly to a broad range of customers, including oil majors, national oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company monitors the tanker markets to understand how to best utilize its vessels and may change the company’s chartering strategy to take advantage of changing market conditions.

Other than technical management services provided to the company by its 50% joint venture AASML the company has no related-party transactions concerning its vessel operations or vessel sale and purchase activities.

Certain of the company’s wholly owned subsidiaries carry out the company’s management and administrative services, with AMSA providing the company with corporate and executive management services and associated functions, ASSIL providing corporate and accounting administrative services, as well as technical operations services and fleet administration, and ASA and ASUSA providing the company’s commercial management and chartering services.

Fleet List

As of March 7, 2025, the company’s fleet consists of 26 vessels, including 22 owned Eco-design vessels and four chartered-in vessels, all of which are in operation. The average age of the company’s owned vessels at March 7, 2025, was 10.5 years.

Business Strategy

The key elements of the company’s business strategy include focusing on modern high-quality, mid-size product and chemical tankers; optimizing fuel efficiency; and commercial independence, flexibility and customer service.

In addition, the company views its ETP as being consistent with, and as an extension of, the company’s business strategy; it builds on its core strengths, and the company intends to play a leading role in moving toward true sustainability as a tanker company. The basic framework of the company’s ETP is as follows:

The company is in the business of liquid bulk transportation, and over time the company anticipates that its activity will migrate more toward non-fossil fuel cargoes for which demand is expected to grow along with the global economy. During the year ended December 31, 2024, approximately 15.8% of the company’s business included the transportation of non-fossil fuel cargo.

There is significant opportunity in the company’s industry for continued improvement in fuel efficiency, as well as early adoption of transition and zero carbon fuels, and that the company can play a role in assisting others through partnerships.

Many of the company’s customers have similar incentives to decarbonize their supply chains and will approach this through close collaboration with shipping companies possessing the mindset and expertise to assist them in achieving their aims.

As part of the company’s growth strategy, the company regularly monitors, evaluates and enters into discussions regarding potential expansion opportunities, including through vessel and business acquisitions and joint ventures. The company is selective in implementing its growth strategy and there is no assurance that any existing or future evaluations, discussions or negotiations relating to these opportunities will result in competed or successful transactions.

Customers

The company’s customers include national, regional, and international companies and all of the company’s vessels but one are employed directly on the tanker spot market through the company’s in-house chartering and commercial team.

Environmental and Other Regulations in the Shipping Industry

A variety of government and private entities subject the company’s vessels to both scheduled and unscheduled inspections. These entities include the local port authorities (applicable national authorities such as the USCG, harbor master or equivalent), classification societies, flag state administrations (countries of registry) and charterers, particularly terminal operators. Certain of these entities require the company to obtain permits, licenses, certificates and other authorizations for the operation of the company’s vessels.

The International Maritime Organization, the United Nations agency for maritime safety and the prevention of pollution by vessels (the ‘IMO’), has adopted the International Convention for the Prevention of Pollution from Ships, 1973, as modified by the Protocol of 1978 relating thereto, collectively referred to as MARPOL 73/78 and herein as ‘MARPOL,’ the International Convention for the Safety of Life at Sea of 1974 (‘SOLAS Convention’), and the International Convention on Load Lines of 1966 (the ‘LL Convention’). MARPOL establishes environmental standards relating to, among other things, oil leakage or spilling, garbage management, sewage, air emissions, handling and disposal of noxious liquids and the handling of harmful substances in packaged forms. IMO committees also have adopted resolutions relating to international certificates of fitness for the carriage of dangerous chemicals in bulk and providing for enhanced vessel inspection programs. MARPOL is applicable to drybulk, tanker and LNG carriers, among other vessels, and is broken into six Annexes, each of which regulates a different source of pollution. Annex I relates to oil leakage or spilling; Annexes II and III relate to harmful substances carried in bulk in liquid or in packaged form, respectively; Annexes IV and V relate to sewage and garbage management, respectively; and Annex VI, lastly, relates to air emissions. Annex VI was separately adopted by the IMO in September of 1997; new emissions standards, titled IMO-2020, took effect on January 1, 2020. All the company’s vessels are compliant in all material respects with these regulations.

In September of 1997, the IMO adopted Annex VI to MARPOL to address air pollution from vessels. Effective May 2005, Annex VI sets limits on sulfur oxide and nitrogen oxide emissions from all commercial vessel exhausts and prohibits ‘deliberate emissions’ of ozone depleting substances (such as halons and chlorofluorocarbons), emissions of volatile compounds from cargo tanks, and the shipboard incineration of specific substances. Annex VI also includes a global cap on the sulfur content of fuel oil and allows for special areas to be established with more stringent controls on sulfur emissions, as explained below. Emissions of ‘volatile organic compounds’ from certain vessels, and the shipboard incineration (from incinerators installed after January 1, 2000) of certain substances (such as polychlorinated biphenyls, or ‘PCBs’) are also prohibited. All the company’s vessels are compliant in all material respects with these regulations.

The SOLAS Convention was amended to address the safe manning of vessels and emergency training drills. The Convention of Limitation of Liability for Maritime Claims (the ‘LLMC’) sets limitations of liability for a loss of life or personal injury claim or a property claim against ship owners. The company’s vessels are in full compliance with SOLAS and LLMC standards.

Under Chapter IX of the SOLAS Convention, or the International Safety Management Code for the Safe Operation of Ships and for Pollution Prevention (the ‘ISM Code’), the company’s operations are also subject to environmental standards and requirements. The ISM Code requires the party with operational control of a vessel to develop an extensive safety management system that includes, among other things, the adoption of a safety and environmental protection policy setting forth instructions and procedures for operating its vessels safely and describing procedures for responding to emergencies. The company relies upon the safety management system that the company and its technical management team have developed for compliance with the ISM Code.

The company has obtained applicable documents of compliance for the company’s offices and safety management certificates for all of the company’s vessels for which the certificates are required by the IMO.

The IMO adopted the International Convention on Civil Liability for Oil Pollution Damage of 1969, as amended by different Protocols in 1976, 1984 and 1992, and amended in 2000 (‘the CLC’). All of the company’s vessels are in possession of a CLC State issued certificate attesting that the required insurance coverage is in force.

As of December 31, 2024, each of the company’s vessels is ISM Code certified. Both the U.S. Oil Pollution Act of 1990 and the Comprehensive Environmental Response, Compensation and Liability Act impact the company’s operations.

The company complies with the USCG’s financial responsibility regulations by providing applicable certificates of financial responsibility.

The EPA and the USCG have also enacted rules relating to ballast water discharge, compliance with which requires the installation of equipment on the company’s vessels to treat ballast water before it is discharged or the implementation of other port facility disposal arrangements or procedures at potentially substantial costs, and/or otherwise restrict the company’s vessels from entering U.S. Waters.

All the company’s vessels are in substantial compliance with and are certified to meet the Maritime Labour Convention 2006.

All of the company’s vessels are certified as being ‘in class’ by all the applicable Classification Societies (e.g., American Bureau of Shipping, Lloyd’s Register of Shipping, and DNV-GL).

History

Ardmore Shipping Corporation was founded in 2010. The company was incorporated under the laws of the Republic of the Marshall Islands in 2013.

Ardmore Shipping Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue from the shipping industry:** 100% (2026) **Top 3 markets:** 1. **Asia:** approximately 40% 2. **Europe:** approximately 35% 3. **North America:** approximately 25% Ardmore Shipping Corporation generates all its revenue from the shipping industry, particularly through the transportation...

At which locations are the company’s products manufactured?

**Production Sites:** No specific production sites, as Ardmore Shipping Corporation offers services. Ardmore Shipping Corporation is a company specializing in the transportation of petroleum products and chemicals. The company does not produce physical products but operates a fleet of tankers that...

What strategy does Ardmore Shipping pursue for future growth?

**Strategy for Future Growth:** 1. **Fleet Expansion and Modernization** 2. **Sustainability and Environmental Friendliness** 3. **Diversification of Services** Ardmore Shipping Corporation is pursuing a strategy focused on expanding and modernizing its fleet. The company is investing in new, more...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** Petroleum products, chemicals **Countries of Origin:** Saudi Arabia, United Arab Emirates, USA, Russia Ardmore Shipping Corporation is a company specializing in the transportation of petroleum products and chemicals. The main raw materials transported by the compan...

How strong is the company’s competitive advantage?

**Market Share:** Estimate: 3-5% in the product and chemical tanker segment (2026) **Fleet Size:** Approximately 25 vessels (2026) Ardmore Shipping Corporation operates in the product and chemical tanker segment, a market characterized by strong competition and cyclical fluctuations. The company&#...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 75% (estimated, 2026) **Insider Buys/Sells:** No significant transactions in the last 12 months (estimated, 2026) The institutional investor share in Ardmore Shipping Corporation is estimated to be 75%. This indicates a strong trust from institutional investors i...

What percentage market share does Ardmore Shipping have?

**Market Share Ardmore Shipping Corporation:** Estimate approx. 3-5% (2026) **Top Competitors and Their Market Shares:** 1. **Frontline Ltd.**: approx. 10-12% 2. **Teekay Tankers Ltd.**: approx. 8-10% 3. **Euronav NV**: approx. 7-9% 4. **Scorpio Tankers Inc.**: approx. 6-8% 5. **DHT Holdings, Inc....

Is Ardmore Shipping stock currently a good investment?

**Revenue Growth:** 18% (2025) **Profit Growth:** 20% (2025) **Fleet Utilization:** 95% (2025) Ardmore Shipping Corporation recorded strong revenue growth of 18% in 2025, driven by increased demand for its services in the product tanker sector. The company also achieved a profit growth of 20%, indi...

Does Ardmore Shipping pay a dividend – and how reliable is the payout?

**Dividend Yield:** 4.5% (estimated for 2026) In recent years, Ardmore Shipping Corporation has started paying out a dividend to return a portion of profits to shareholders. However, the company's dividend policy is heavily dependent on market conditions in the shipping sector, which is known...

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Ardmore Shipping Stock Value

Ardmore Shipping Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Ardmore Shipping do?

Ardmore Shipping Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Ardmore Shipping Stock Value

Ardmore Shipping Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Ardmore Shipping do?

Ardmore Shipping Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.