In a report released today, James Jang from Maxim Group maintained a Buy rating on Pyxis Tankers Inc (NASDAQ: PXS), with a price target of $3. The company’s shares closed on Friday at $0.85, close to its 52-week low of $0.79.
Jang observed:
“Pyxis Tankers (PXS) reported fairly in-line 2Q18 results with net gross revenue of $7M, net revenue of $5.1M, EBITDA of $1.1M, and a loss per share of ($0.06).”
According to TipRanks.com, Jang is a 4-star analyst with an average return of 18.2% and a 47.4% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Nordic American Tanker, and Eagle Bulk Shipping.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pyxis Tankers Inc with a $2.50 average price target.
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The company has a one-year high of $12.22 and a one-year low of $0.79. Currently, Pyxis Tankers Inc has an average volume of 195.7K.
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Pyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the maritime transportation business with a focus on the tanker sector. It acquires, owns, and operates tanker vessels that are capable of transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil.
