Noble Financial Reiterates Buy Rating for Pyxis Tankers (PXS)

Pyxis Tankers (NASDAQ:PXS)‘s stock had its “buy” rating reissued by equities research analysts at Noble Financial in a research note issued to investors on Tuesday. They presently have a $2.00 price objective on the transportation company’s stock. Noble Financial’s price objective indicates a potential downside of 24.24% from the company’s previous close.

Separately, Zacks Investment Research raised shares of Pyxis Tankers from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th.

NASDAQ PXS opened at $2.64 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.17 and a current ratio of 0.24. Pyxis Tankers has a 12-month low of $0.74 and a 12-month high of $12.22. The firm has a market capitalization of $34.87 million, a price-to-earnings ratio of -9.43 and a beta of 3.36.

Pyxis Tankers (NASDAQ:PXS) last released its quarterly earnings results on Friday, August 10th. The transportation company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.02). Pyxis Tankers had a negative return on equity of 13.10% and a negative net margin of 12.58%. The firm had revenue of $6.98 million during the quarter, compared to analysts’ expectations of $7.28 million. Sell-side analysts anticipate that Pyxis Tankers will post -0.27 EPS for the current year.

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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