Zacks Investment Research Upgrades Pyxis Tankers (NASDAQ:PXS) to “Buy”
Zacks Investment Research upgraded shares of Pyxis Tankers (NASDAQ:PXS) from a hold rating to a buy rating in a research note published on Tuesday, Zacks.com reports. They currently have $1.25 price objective on the transportation company’s stock.
According to Zacks, “Pyxis Tankers Inc. provides marine transportation. The Company offers transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil as well as other liquid bulk items, including organic chemicals. Pyxis Tankers Inc. is based in Maroussi, Greece. “
PXS has been the topic of a number of other reports. Noble Financial reiterated a buy rating and issued a $2.00 price target on shares of Pyxis Tankers in a research report on Sunday, November 17th. Aegis started coverage on Pyxis Tankers in a research report on Tuesday, October 15th. They issued a buy rating and a $2.50 price target on the stock. Finally, ValuEngine upgraded Pyxis Tankers from a hold rating to a buy rating in a research report on Friday, January 10th. Five analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average price target of $2.06.
Pyxis Tankers (NASDAQ:PXS) last announced its quarterly earnings results on Thursday, November 14th. The transportation company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Pyxis Tankers had a negative return on equity of 20.13% and a negative net margin of 29.28%. The firm had revenue of $7.31 million for the quarter. As a group, equities research analysts forecast that Pyxis Tankers will post -0.27 earnings per share for the current fiscal year.
In other Pyxis Tankers news, insider Phillips Gary 927,000 shares of the firm’s stock in a transaction dated Thursday, November 21st.
A hedge fund recently raised its stake in Pyxis Tankers stock. Virtu Financial LLC lifted its holdings in shares of Pyxis Tankers Inc (NASDAQ:PXS) by 134.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,968 shares of the transportation company’s stock after purchasing an additional 20,073 shares during the period. Virtu Financial LLC owned 0.17% of Pyxis Tankers worth $52,000 at the end of the most recent reporting period. Institutional investors own 0.38% of the company’s stock.
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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