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ASC

Ardmore Shipping

$7.63

-0.075 (-0.97%)

11:25
05/24/17
05/24
11:25
05/24/17
11:25

Ardmore Shipping to hold an analyst and investor meeting

Analyst and Investor Meeting is being held in New York on May 24 at 12 pm. Webcast Link

  • 24

    May

ASC Ardmore Shipping
$7.63

-0.075 (-0.97%)

03/06/17
ABNA
03/06/17
UPGRADE
ABNA
Buy
Ardmore Shipping upgraded to Buy from Hold at ABN Amro
11/01/16
STFL
11/01/16
NO CHANGE
STFL
Product tanker companies should benefit from pipeline explosion, says Stifel
Stifel analyst Benjamin Nolan noted that the Colonial Pipeline, which he calls the "main pipeline artery" carrying gasoline and other refined products from the Gulf Coast to the East Coast, suffered an explosion and is currently closed, spiking gasoline futures. The closure is likely to drive product tanker demand sharply higher in the near term, said Nolan, who identified product tanker companies as potential beneficiaries of the news, naming Scorpio Tankers (STNG) and Ardmore Shipping (ASC) as "higher beta" product tanker pure plays.
10/03/16
CLKS
10/03/16
DOWNGRADE
CLKS
Neutral
Ardmore Shipping downgraded to Neutral from Buy at Clarksons Platou
08/25/16
MSCO
08/25/16
DOWNGRADE
Target $8
MSCO
Equal Weight
Ardmore Shipping downgraded on cyclical downturn at Morgan Stanley
As previously reported, Morgan Stanley downgraded Ardmore Shipping to Equal Weight from Overweight with a $8 price target. Analyst Fotis Giannakoulis expects crude tanker demand to lag fleet supply in 2017-18 and sees potential pressure on the dividend.

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