Pyxis Tankers (PXS) Raised to Buy at Maxim Group

Pyxis Tankers (NASDAQ:PXS) was upgraded by analysts at Maxim Group from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $3.00 price objective on the transportation company’s stock. Maxim Group’s price objective indicates a potential upside of 33.93% from the company’s current price. The analysts noted that the move was a valuation call.

Separately, ValuEngine raised shares of Pyxis Tankers from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.

Shares of Pyxis Tankers (PXS) traded up $0.03 on Monday, hitting $2.24. 1,157,100 shares of the stock were exchanged, compared to its average volume of 459,083. The stock has a market capitalization of $44.89 and a price-to-earnings ratio of -4.23. Pyxis Tankers has a 1 year low of $0.90 and a 1 year high of $12.22. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.17 and a quick ratio of 0.12.

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Pyxis Tankers Company Profile

Pyxis Tankers Inc is a holding company. The Company is an international maritime transportation company focused on the product tanker sector. It owns a fleet of six double hull product tankers: Pyxis Epsilon with carrying capacity of approximately 50,300 deadweight tonnage (dwt); Pyxis Theta with carrying capacity of approximately 51,800 dwt, Pyxis Malou with carrying capacity of over 50,670 dwt; Pyxis Delta with carrying capacity of approximately 46,620 dwt; Northsea Beta with carrying capacity of over 8,650 dwt, and Northsea Alpha with carrying capacity of approximately 8,615 dwt.

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