Pyxis Tankers (NASDAQ:PXS) Raised to “Strong-Buy” at Wall Street Zen

Pyxis Tankers (NASDAQ:PXS) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday, Wall Street Zen reports.

PXS has been the subject of several other research reports. Weiss Ratings lowered Pyxis Tankers from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Alliance Global Partners reiterated a “buy” rating on shares of Pyxis Tankers in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Pyxis Tankers currently has a consensus rating of “Moderate Buy”.

Pyxis Tankers Price Performance

PXS stock opened at $7.73 on Friday. The company has a current ratio of 4.72, a quick ratio of 4.68 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $5.87 and its 200 day moving average is $4.92. The stock has a market cap of $79.16 million, a price-to-earnings ratio of 9.54 and a beta of -0.54. Pyxis Tankers has a 1-year low of $2.56 and a 1-year high of $8.30.

Pyxis Tankers (NASDAQ:PXS) last issued its quarterly earnings results on Monday, August 31st. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07. Pyxis Tankers had a return on equity of 8.24% and a net margin of 20.00%.The firm had revenue of $12.13 million during the quarter, compared to analyst estimates of $10.34 million.

Hedge Funds Weigh In On Pyxis Tankers

An institutional investor recently raised its stake in Pyxis Tankers stock. NewEdge Advisors LLC lifted its holdings in Pyxis Tankers Inc. (NASDAQ:PXS) by 48.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,527 shares of the transportation company’s stock after acquiring an additional 12,830 shares during the period. NewEdge Advisors LLC owned 0.39% of Pyxis Tankers worth $164,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 56.19% of the company’s stock.

Pyxis Tankers Company Profile

Pyxis Tankers Inc is a maritime transportation company that owns and operates oceangoing vessels serving the international energy and dry-bulk shipping markets. Its activities primarily involve the transportation of refined petroleum products and other liquid bulk cargoes, along with dry-bulk commodities.

The company’s fleet has included product tankers, which carry refined petroleum products such as gasoline, diesel and jet fuel, as well as dry-bulk vessels used to transport commodities.