Zacks Investment Research Upgrades Pyxis Tankers (PXS) to “Hold”
Pyxis Tankers (NASDAQ:PXS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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. “
Several other research firms have also issued reports on PXS. Noble Financial restated a “buy” rating and issued a $2.00 price target on shares of Pyxis Tankers in a research report on Tuesday, October 30th. Maxim Group restated a “buy” rating and issued a $3.00 price target on shares of Pyxis Tankers in a research report on Thursday, November 15th.
Pyxis Tankers (NASDAQ:PXS) last posted its quarterly earnings results on Wednesday, November 14th. The transportation company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.12). Pyxis Tankers had a negative return on equity of 19.16% and a negative net margin of 21.99%. The company had revenue of $7.42 million during the quarter, compared to the consensus estimate of $6.81 million. Analysts forecast that Pyxis Tankers will post -0.27 EPS for the current fiscal 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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