Pyxis Tankers (PXS) Lifted to Buy at Maxim Group

Maxim Group upgraded shares of Pyxis Tankers (NASDAQ:PXS) from a hold rating to a buy rating in a research report sent to investors on Monday, January 8th, Marketbeat Ratings reports. The firm currently has $3.00 target price on the transportation company’s stock. The analysts noted that the move was a valuation call.

Separately, ValuEngine upgraded Pyxis Tankers from a sell rating to a hold rating in a research note on Friday, December 1st.

Shares of Pyxis Tankers (NASDAQ:PXS) opened at $1.73 on Monday. Pyxis Tankers has a 52-week low of $0.90 and a 52-week high of $12.22. The company has a quick ratio of 0.12, a current ratio of 0.17 and a debt-to-equity ratio of 1.41.

Pyxis Tankers (NASDAQ:PXS) last released its earnings results on Thursday, November 9th. The transportation company reported ($0.07) earnings per share for the quarter. Pyxis Tankers had a negative return on equity of 20.58% and a negative net margin of 32.43%.

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Pyxis Tankers Company Profile

Pyxis Tankers Inc is a holding company. The Company is an international maritime transportation company focused on the product tanker sector. It owns a fleet of six double hull product tankers: Pyxis Epsilon with carrying capacity of approximately 50,300 deadweight tonnage (dwt); Pyxis Theta with carrying capacity of approximately 51,800 dwt, Pyxis Malou with carrying capacity of over 50,670 dwt; Pyxis Delta with carrying capacity of approximately 46,620 dwt; Northsea Beta with carrying capacity of over 8,650 dwt, and Northsea Alpha with carrying capacity of approximately 8,615 dwt.

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