Pyxis Tankers Inc (PXS) Gets a Buy Rating from Maxim Group


Maxim Group analyst James Jang maintained a Buy rating on Pyxis Tankers Inc (PXS) today and set a price target of $2.50. The company’s shares closed yesterday at $1.10, close to its 52-week low of $0.64.

Jang said:

“PXS reported 4Q18 results that were lower than expectations as the product tanker sector faced headwinds through the end of October.”

According to TipRanks.com, Jang is a 3-star analyst with an average return of 3.5% and a 39.6% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Eagle Bulk Shipping Inc, and Nordic American Tanker.

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 December 31, the company reported a quarterly GAAP net loss of $3.44 million. In comparison, last year the company had a GAAP net loss of $1.45 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.

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