In a report released today, James Jang from Maxim Group maintained a Buy rating on Pyxis Tankers Inc (PXS), with a price target of $3. The company’s shares closed yesterday at $2.05, close to its 52-week low of $0.74.
Jang observed:
“Pyxis Tankers (PXS) reported 3Q18 results yesterday, after the close on November 14, 2018 which were below ours and consensus estimates.”
According to TipRanks.com, Jang is a 4-star analyst with an average return of 13.5% and a 42.4% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Nordic American Tanker, and Eagle Bulk Shipping.
Pyxis Tankers Inc has an analyst consensus of Moderate Buy, with a price target consensus of $2.50.
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Based on Pyxis Tankers Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.26 million. In comparison, last year the company had a GAAP net loss of $1.32 million.
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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.
