Pyxis Tankers (NASDAQ:PXS) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $3.25 for the company, according to Zacks. Zacks has also assigned Pyxis Tankers an industry rank of 205 out of 265 based on the ratings given to related companies.
Separately, Maxim Group raised Pyxis Tankers from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research note on Monday, January 8th. They noted that the move was a valuation call.
Pyxis Tankers (NASDAQ:PXS) last issued its quarterly earnings results on Thursday, March 15th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.06). The firm had revenue of $7.32 million during the quarter. Pyxis Tankers had a negative return on equity of 11.25% and a negative net margin of 17.58%.
A hedge fund recently bought a new stake in Pyxis Tankers stock. Hudson Bay Capital Management LP acquired a new position in shares of Pyxis Tankers (NASDAQ:PXS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 900,000 shares of the transportation company’s stock, valued at approximately $2,705,000. Hudson Bay Capital Management LP owned about 4.31% of Pyxis Tankers as of its most recent filing with the Securities and Exchange Commission (SEC). 4.68% of the stock is owned by institutional investors and hedge funds.
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About Pyxis Tankers
Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.
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