Pyxis Tankers (NASDAQ:PXS) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Pyxis Tankers (NASDAQ:PXS) was upgraded by equities research analysts at Wall Street Zen to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Pyxis Tankers in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Pyxis Tankers Price Performance

PXS stock opened at $4.38 on Friday. The company has a market capitalization of $44.98 million, a P/E ratio of 23.05 and a beta of -0.63. The firm’s fifty day simple moving average is $4.18 and its 200-day simple moving average is $3.39. Pyxis Tankers has a 12 month low of $2.47 and a 12 month high of $4.74. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.45 and a quick ratio of 4.40.

Pyxis Tankers (NASDAQ:PXS) last posted its earnings results on Thursday, March 5th. The transportation company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $10.54 million during the quarter, compared to the consensus estimate of $11.22 million. Pyxis Tankers had a net margin of 5.11% and a return on equity of 2.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pyxis Tankers stock. XTX Topco Ltd purchased a new position in shares of Pyxis Tankers Inc. (NASDAQ:PXS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,307 shares of the transportation company’s stock, valued at approximately $29,000. XTX Topco Ltd owned approximately 0.10% of Pyxis Tankers as of its most recent filing with the Securities and Exchange Commission (SEC). 56.19% of the stock is owned by hedge funds and other institutional investors.

About Pyxis Tankers

Pyxis Tankers Inc is a Greece-based maritime transportation company specializing in the ownership and operation of medium-range (“MR”) product tankers. The company’s vessels, each with a deadweight capacity typically ranging from 35,000 to 54,000 metric tons, are designed to carry refined petroleum products such as gasoline, diesel, jet fuel and other clean petroleum products. Pyxis Tankers generates revenue through a combination of spot market voyages and time-charter contracts, catering to oil majors, trading houses and other charterers seeking flexible delivery solutions.

Founded in 2017 and headquartered in Athens, Greece, Pyxis Tankers completed its initial public offering on the Nasdaq Stock Market in April 2018 under the ticker symbol PXS.