Pyxis Tankers Inc Receives a Buy from Maxim Group

Maxim Group analyst James Jang reiterated a Buy rating on Pyxis Tankers Inc (NASDAQ: PXS) today and set a price target of $4. The company’s shares opened today at $1.42, close to its 52-week low of $1.08.

Jang noted:

“PXS reported a loss of ($0.09), above our forecast of a loss of ($0.11) as revenues came in at $7.7 million, above our expectations of $6.5 million.”

According to TipRanks.com, Jang is a 1-star analyst with an average return of -4.2% and a 36.8% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP , Nordic American Tanker, and Navigator Holdings.

Pyxis Tankers Inc has an analyst consensus of Moderate Buy, with a price target consensus of $4.

The company has a one year high of $4.27 and a one year low of $1.08. Currently, Pyxis Tankers Inc has an average volume of 17.65K.

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Pyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the maritime transportation business with a focus on the tanker sector. The company acquires, owns and operates tanker vessels that are capable of transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel and fuel oil. It also transports other liquid bulk items such as vegetable oils and organic chemicals in each of the vessels in its fleet. The company was founded by Valentios Valentis on March 23, 2015 and is headquartered in Athens, Greece.

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