Pyxis Tankers (PXS) Receives Average Rating of “Strong Buy” from Analysts

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.

How to Become a New Pot Stock Millionaire

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.

Shares of NASDAQ:PXS opened at $1.17 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.33. Pyxis Tankers has a 1 year low of $0.90 and a 1 year high of $12.22.

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.

TRADEMARK VIOLATION WARNING: This piece was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.chaffeybreeze.com/2018/04/16/pyxis-tankers-pxs-receives-average-rating-of-strong-buy-from-analysts.html.

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.

Get a free copy of the Zacks research report on Pyxis Tankers (PXS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Pyxis Tankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pyxis Tankers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply