Pyxis Tankers (NASDAQ:PXS) Stock Rating Raised to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Pyxis Tankers (NASDAQ:PXS) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other equities analysts also recently weighed in on PXS. Alliance Global Partners reaffirmed a “buy” rating on shares of Pyxis Tankers in a research report on Tuesday. Weiss Ratings cut shares of Pyxis Tankers from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Pyxis Tankers presently has an average rating of “Moderate Buy”.

Pyxis Tankers Stock Up 1.6%

NASDAQ:PXS opened at $7.73 on Friday. The company has a quick ratio of 4.68, a current ratio of 4.72 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average is $5.87 and its two-hundred day moving average is $4.91. Pyxis Tankers has a 52 week low of $2.56 and a 52 week high of $8.30. The stock has a market capitalization of $79.16 million, a price-to-earnings ratio of 9.54 and a beta of -0.54.

Pyxis Tankers (NASDAQ:PXS) last released its quarterly earnings results on Monday, August 31st. The transportation company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. The business had revenue of $12.13 million during the quarter, compared to analyst estimates of $10.34 million. Pyxis Tankers had a return on equity of 8.24% and a net margin of 20.00%.

Institutional Investors Weigh In On Pyxis Tankers

A hedge fund recently bought a new position in Pyxis Tankers stock. NewEdge Advisors LLC acquired a new stake in Pyxis Tankers Inc. (NASDAQ:PXS) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 26,697 shares of the transportation company’s stock, valued at approximately $113,000. NewEdge Advisors LLC owned 0.26% of Pyxis Tankers as of its most recent filing with the Securities and Exchange Commission. 56.19% of the stock is owned by hedge funds and other institutional investors.

Pyxis Tankers Company Profile

Pyxis Tankers Inc is a maritime transportation company that owns and operates oceangoing vessels serving the international energy and dry-bulk shipping markets. Its activities primarily involve the transportation of refined petroleum products and other liquid bulk cargoes, along with dry-bulk commodities.

The company’s fleet has included product tankers, which carry refined petroleum products such as gasoline, diesel and jet fuel, as well as dry-bulk vessels used to transport commodities.