Movers and SHAKERS
Pyxis Tankers Inc. (PXS)
NobleCon 17 Presentation Reinforces Positive LT Outlook
Pyxis Tankers Inc is a United States-based international maritime transportation company which focuses on the product tanker sector. It owns a fleet which comprises of double hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Pyxis Epsilon, Pyxis Theta, Pyxis Malou, Pyxis Delta, Northsea Alpha, and Northsea Beta. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
NobleCon17 Presentation reinforces positive long-term outlook. CEO and majority owner Eddie Valentis (Eddie) made a solid case for PXS in a presentation last week, and highlighted the favorable refined product tanker market trends. Go to Channelchek: https://www.channelchek.com/news-channel/NobleCon17_Rebroadcast for replay info.
Thesis intact. While the past two years were negatively impacted by extreme factors and the year is off to a sluggish start, the supply/demand fundamentals appear favorable. The order book and supply growth remain historically low due to rate volatility, regulatory uncertainty and declining capital availability, while demand should rebound on the back of unprecedented global stimulus and solid ...
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.