Weiss Ratings upgrades Ardmore Shipping stock to Buy

Published on 10/06/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue was USD 116.21 million versus USD 86.30 million expected. Ardmore Shipping stock costs EUR 17.29 on October 6, 2026 after EUR 17.24.

ASC, MHY0207T1001, Illustration mit AI erstellt.

Ardmore Shipping Corporation (ISIN MHY0207T1001) was trading at EUR 17.29 at Lang & Schwarz on October 6, 2026 at 11:12 a.m. CEST, plus 0.29 percent versus the prior close of EUR 17.24. According to MarketBeat, Weiss Ratings upgraded Ardmore Shipping from Hold (C+) to Buy (B-) in a report dated September 22, 2026.

Ratings meet strong quarterly figures

The rating change adds a measurable analyst signal to a company that delivered a broad earnings comparison in the second quarter of 2026. MarketBeat cited quarterly earnings per share of USD 1.18 against a USD 1.11 consensus estimate, while revenue reached USD 116.21 million versus USD 86.30 million expected.

That revenue gap was USD 29.91 million, or 34.66 percent above consensus. The comparison matters because it links the Buy upgrade to operating results rather than to a price move alone.

Dividend rises to USD 0.79

MarketBeat also reported that Ardmore Shipping declared a quarterly dividend of USD 0.79 per share, up from USD 0.39 previously. The annualized payout was USD 3.16, with the article citing a 17.00 percent dividend yield and an average analyst target of USD 17.00.

Ardmore operates product and chemical tankers that transport refined petroleum products and selected chemicals. Its investor-relations page identifies the company as listed on the New York Stock Exchange and lists the June 30, 2026 results release among its recent investor materials, according to Ardmore Shipping.

Next results are due November 11

TradingView lists November 11, 2026 as the next earnings date. That report will show whether the second-quarter revenue beat and the USD 0.79 dividend can be followed by another period of strong cash generation.

Lang & Schwarz quote at EUR 17.29

Ardmore Shipping stock was trading at EUR 17.29 at Lang & Schwarz on October 6, 2026 at 11:12 a.m. CEST, plus 0.29 percent versus the Lang & Schwarz prior close of EUR 17.24. The NYSE quote was USD 19.34 on October 5, 2026 at 4:00 p.m. ET, with a 52-week range of USD 10.31 to USD 20.03.