Pyxis Tankers (NASDAQ:PXS) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Pyxis Tankers from “buy” to “strong-buy,” while Alliance Global Partners maintained a “buy” rating. Weiss Ratings downgraded the stock to “hold,” leaving the company with a consensus “Moderate Buy” rating.
• Pyxis Tankers reported quarterly earnings of $0.27 per share, exceeding the $0.20 consensus estimate, while revenue of $12.13 million also surpassed expectations.
• The stock opened at $7.73, near its 52-week high of $8.30, and institutional investors own 56.19% of shares. NewEdge Advisors increased its stake by 48.1% during the second quarter.

Pyxis Tankers (NASDAQ:PXS - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the company. Alliance Global Partners reaffirmed a "buy" rating on shares of Pyxis Tankers in a report on Tuesday. Weiss Ratings lowered Pyxis Tankers from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Pyxis Tankers presently has a consensus rating of "Moderate Buy".

Pyxis Tankers Price Performance

NASDAQ PXS opened at $7.73 on Friday. The company has a 50-day moving average price of $5.87 and a 200-day moving average price of $4.91. 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 firm has a market capitalization of $79.16 million, a P/E ratio of 9.54 and a beta of -0.54. Pyxis Tankers has a 52 week low of $2.56 and a 52 week high of $8.30.

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

Institutional Trading of Pyxis Tankers

A hedge fund recently raised its stake in Pyxis Tankers stock. NewEdge Advisors LLC increased its position in shares of Pyxis Tankers Inc. (NASDAQ:PXS - Free Report) by 48.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,527 shares of the transportation company's stock after purchasing an additional 12,830 shares during the period. NewEdge Advisors LLC owned 0.39% of Pyxis Tankers worth $164,000 at the end of the most recent reporting period. 56.19% of the stock is currently owned by 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.

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