Ardmore Shipping Corporation (ASC) and Hornbeck Offshore Services (HOS) Financial Review
Ardmore Shipping Corporation (NYSE: ASC) and Hornbeck Offshore Services (NYSE:HOS) are both small-cap transportation companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, dividends, risk, analyst recommendations, institutional ownership, valuation and earnings.
This table compares Ardmore Shipping Corporation and Hornbeck Offshore Services’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Ardmore Shipping Corporation||-6.92%||-2.35%||-1.08%|
|Hornbeck Offshore Services||-47.42%||-6.72%||-3.29%|
This is a breakdown of current recommendations and price targets for Ardmore Shipping Corporation and Hornbeck Offshore Services, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Ardmore Shipping Corporation||0||1||4||0||2.80|
|Hornbeck Offshore Services||0||4||0||0||2.00|
Ardmore Shipping Corporation currently has a consensus price target of $10.50, suggesting a potential upside of 31.25%. Hornbeck Offshore Services has a consensus price target of $4.75, suggesting a potential upside of 18.45%. Given Ardmore Shipping Corporation’s stronger consensus rating and higher probable upside, analysts clearly believe Ardmore Shipping Corporation is more favorable than Hornbeck Offshore Services.
Risk & Volatility
Ardmore Shipping Corporation has a beta of 1.35, suggesting that its stock price is 35% more volatile than the S&P 500. Comparatively, Hornbeck Offshore Services has a beta of 1.2, suggesting that its stock price is 20% more volatile than the S&P 500.
Insider and Institutional Ownership
76.5% of Ardmore Shipping Corporation shares are owned by institutional investors. Comparatively, 86.7% of Hornbeck Offshore Services shares are owned by institutional investors. 7.1% of Hornbeck Offshore Services shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Valuation and Earnings
This table compares Ardmore Shipping Corporation and Hornbeck Offshore Services’ gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Ardmore Shipping Corporation||$180.66 million||1.49||$43.97 million||($0.37)||-21.62|
|Hornbeck Offshore Services||$175.31 million||0.85||$13.13 million||($2.27)||-1.77|
Ardmore Shipping Corporation has higher revenue and earnings than Hornbeck Offshore Services. Ardmore Shipping Corporation is trading at a lower price-to-earnings ratio than Hornbeck Offshore Services, indicating that it is currently the more affordable of the two stocks.
Ardmore Shipping Corporation beats Hornbeck Offshore Services on 11 of the 13 factors compared between the two stocks.
Ardmore Shipping Corporation Company Profile
Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company’s segment relates to the operations of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation. The Company’s vessels include Ardmore Seavaliant, Ardmore Seaventure, Ardmore Seavantage, Ardmore Seavanguard, Ardmore Sealion, Ardmore Seafox, Ardmore Seahawk, Ardmore Endeavour, Ardmore Seafarer, Ardmore Seatrader, Ardmore Seamaster and Ardmore Sealeader. The Company has over 30 subsidiaries, the majority of which represent single ship-owning companies for its fleet. Its subsidiaries include Ardmore Shipping (Bermuda) Limited (ASBL), Ardmore Shipping Services (Ireland) Limited (ASSIL), Ardmore Shipping (Asia) Pte. Limited and Ardmore Shipping (Americas) LLC.
Hornbeck Offshore Services Company Profile
Hornbeck Offshore Services Inc. provides marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations. The Company, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico, Latin America and selected international markets. Its OSVs and MPSVs support the deep-well, deepwater and ultra-deepwater activities of the offshore oil and gas industry. It provides vessel management services for other vessel owners, such as crewing, daily operational management and maintenance activities.
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