Pyxis Tankers (PXS) Earns “Buy” Rating from Maxim Group

Maxim Group reissued their buy rating on shares of Pyxis Tankers (NASDAQ:PXS) in a report published on Friday. The firm currently has a $2.50 target price on the transportation company’s stock.

“PXS reported 4Q18 results that were lower than expectations as the product tanker sector faced headwinds through the end of October.”,” Maxim Group’s analyst wrote.

Separately, Zacks Investment Research upgraded shares of Pyxis Tankers from a sell rating to a hold rating in a research report on Thursday, December 6th.

PXS stock opened at $1.08 on Friday. Pyxis Tankers has a 12 month low of $0.64 and a 12 month high of $3.70. The firm has a market capitalization of $22.55 million, a P/E ratio of -2.20 and a beta of -1.20. The company has a quick ratio of 0.53, a current ratio of 0.64 and a debt-to-equity ratio of 1.48.

Pyxis Tankers (NASDAQ:PXS) last released its quarterly earnings results on Thursday, March 21st. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.05). The business had revenue of $7.48 million during the quarter. Pyxis Tankers had a negative net margin of 28.86% and a negative return on equity of 22.10%. On average, equities research analysts forecast that Pyxis Tankers will post -0.11 earnings per share for the current fiscal year.

Pyxis Tankers Company Profile

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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