Pyxis Tankers (NASDAQ:PXS) Cut to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Pyxis Tankers (NASDAQ:PXS) from a buy rating to a hold rating in a report released on Saturday, 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 set a $2.00 price objective on Pyxis Tankers and gave the stock a buy rating in a research report on Friday, May 24th.

Shares of PXS traded down $0.01 during mid-day trading on Friday, reaching $0.97. 27,793 shares of the company were exchanged, compared to its average volume of 44,346. Pyxis Tankers has a 52 week low of $0.64 and a 52 week high of $3.70. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.15 and a quick ratio of 0.11. The stock has a 50 day simple moving average of $1.05.

Pyxis Tankers (NASDAQ:PXS) last issued its quarterly earnings data on Tuesday, May 21st. The transportation company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.01). Pyxis Tankers had a negative return on equity of 24.81% and a negative net margin of 38.99%. The company had revenue of $6.72 million for the quarter, compared to the consensus estimate of $7.92 million. As a group, sell-side analysts anticipate that Pyxis Tankers will post -0.22 EPS 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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