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Opinions The Panic-Proof Portfolio (Stockchase Research)
Pyxis Tankers Inc.PXSTOP PICKAug 01, 2024
Stock price when the opinion was issued
As of Jun 16, 2026. Market Open.
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Premium contentOur PAST TOP PICK with PXS has triggered its stop at $4.75. To remain disciplined, we recommend covering the position at this time. Combined with our other guidance, this will result in a net investment loss of 7%.
Premium contentWe reiterate this tanker operator as a TOP PICK. Management announced a higher 91% capacity utilization rate at charter costs 78% higher than a year ago. We like that quarterly cash reserves are growing, while the company continues its share buyback program. It trades at 3x earnings, under book value and supports a ROE of 38%. We recommend trailing up the stop (from $4.25) to $4.75, looking to achieve $6.50 -- upside potential of 28%. Yield 0%
(Analysts’ price target is $10.00)
The Greece based tanker operator owns six refined petroleum products and dry bulk mid-sized cargo ships in Europe. It trades at 3x earnings, under book value and supports a 36% ROE. They are prudently drawing some cash reserves to aggressively retire debt and buy back shares. We recommend setting a stop at $4.25, looking to achieve $6.75 -- upside potential of 28%. Yield 0%
(Analysts’ price target is $10.00)