Zacks Investment Research Lowers Pyxis Tankers (NASDAQ:PXS) to Sell

Zacks Investment Research lowered shares of Pyxis Tankers (NASDAQ:PXS) from a hold rating to a sell rating in a research report released on Friday, Zacks.com reports.

According to Zacks, “Pyxis Tankers Inc. provides marine transportation. The Company offers transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil as well as other liquid bulk items, including organic chemicals. Pyxis Tankers Inc. is based in Maroussi, Greece. “

Separately, Noble Financial reaffirmed a buy rating and issued a $2.00 target price on shares of Pyxis Tankers in a report on Tuesday, August 13th.

PXS stock opened at $1.03 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.11 and a debt-to-equity ratio of 1.69. Pyxis Tankers has a twelve month low of $0.64 and a twelve month high of $3.70. The company’s 50 day moving average is $1.04 and its two-hundred day moving average is $1.13. The stock has a market cap of $20.92 million, a P/E ratio of -2.10 and a beta of -0.75.

Pyxis Tankers (NASDAQ:PXS) last announced its earnings results on Monday, August 12th. The transportation company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). The business had revenue of $6.46 million during the quarter, compared to analyst estimates of $8.69 million. Pyxis Tankers had a negative net margin of 40.96% and a negative return on equity of 27.52%. On average, equities research analysts predict that Pyxis Tankers will post -0.27 earnings per share for the current year.

Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.

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