Brokerages Set $2.50 Target Price for Pyxis Tankers Inc (PXS)

Shares of Pyxis Tankers Inc (NASDAQ:PXS) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $2.50 for the company and are forecasting that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Pyxis Tankers an industry rank of 106 out of 255 based on the ratings given to related companies.

PXS has been the topic of a number of recent research reports. Noble Financial initiated coverage on shares of Pyxis Tankers in a research note on Tuesday, April 24th. They set a “buy” rating and a $2.00 price objective on the stock. Zacks Investment Research upgraded shares of Pyxis Tankers from a “sell” rating to a “hold” rating in a research note on Saturday. Maxim Group reiterated a “buy” rating and set a $3.00 price objective on shares of Pyxis Tankers in a research note on Tuesday, May 15th. Finally, ValuEngine downgraded shares of Pyxis Tankers from a “hold” rating to a “sell” rating in a research note on Friday, April 27th.

Pyxis Tankers traded down $0.03, reaching $1.06, during mid-day trading on Tuesday, reports. The company had a trading volume of 48,959 shares, compared to its average volume of 200,860. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.21 and a quick ratio of 0.17. Pyxis Tankers has a 12 month low of $0.95 and a 12 month high of $12.22. The company has a market capitalization of $22.34 million, a P/E ratio of -3.79 and a beta of 4.03.

Pyxis Tankers (NASDAQ:PXS) last released its quarterly earnings data 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 net margin of 10.23% and a negative return on equity of 12.14%. The business had revenue of $6.59 million for the quarter, compared to the consensus estimate of $7.64 million. research analysts expect that Pyxis Tankers will post -0.16 EPS 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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