Pyxis Tankers (NASDAQ:PXS) has received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price objective of $2.83 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Pyxis Tankers an industry rank of 163 out of 265 based on the ratings given to its competitors.
A number of analysts recently issued reports on the stock. Maxim Group restated a “buy” rating and set a $3.00 target price on shares of Pyxis Tankers in a research report on Tuesday. ValuEngine lowered shares of Pyxis Tankers from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Finally, Noble Financial assumed coverage on shares of Pyxis Tankers in a report on Tuesday, April 24th. They issued a “buy” rating and a $2.00 price target on the stock.
Shares of Pyxis Tankers opened at $1.13 on Wednesday, according to Marketbeat. Pyxis Tankers has a 1 year low of $1.13 and a 1 year high of $1.13. The company has a market cap of $27.04 million, a P/E ratio of -4.04 and a beta of 4.02. The company has a current ratio of 0.31, a quick ratio of 0.23 and a debt-to-equity ratio of 1.33.
Pyxis Tankers (NASDAQ:PXS) last announced its earnings results on Monday, May 14th. The transportation company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.30). Pyxis Tankers had a negative return on equity of 11.25% and a negative net margin of 17.58%. The firm had revenue of $6.59 million for the quarter, compared to analyst estimates of $7.64 million. sell-side analysts anticipate that Pyxis Tankers will post 0.19 earnings per share for the current year.
An institutional investor recently bought a new position in Pyxis Tankers stock. Hudson Bay Capital Management LP purchased a new stake in Pyxis Tankers (NASDAQ:PXS) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 900,000 shares of the transportation company’s stock, valued at approximately $2,705,000. Hudson Bay Capital Management LP owned about 4.31% of Pyxis Tankers as of its most recent SEC filing. Hedge funds and other institutional investors own 4.58% of the company’s stock.
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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