Noble Financial Keeps Their Buy Rating on Pyxis Tankers (PXS)

By Ryan Adsit

In a report issued on November 15, Poe Fratt from Noble Financial maintained a Buy rating on Pyxis Tankers (PXSResearch Report), with a price target of $2.00. The company’s shares closed last Monday at $1.19.

Fratt has an average return of 20.5% when recommending Pyxis Tankers.

According to TipRanks.com, Fratt is ranked #2742 out of 5679 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pyxis Tankers with a $2.25 average price target.

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Based on Pyxis Tankers’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.61 million. In comparison, last year the company had a GAAP net loss of $4.12 million.

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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. It 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.