Opinions
The Panic-Proof Portfolio (Stockchase Research)
Pyxis Tankers Inc.
PXS-Q
TOP PICK
Oct 01, 2024
$4.980
Stock price when the opinion was issued
Transportation
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
TOP PICK
Stockchase Research Editor: Michael O'Reilly
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)
Transportation
PAST TOP PICK
(A Top Pick Oct 01/24, Down 4.6%)Stockchase Research Editor: Michael O'Reilly
Our 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%.
Transportation
We 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)