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Stock impact report

Pyxis Tankers: Imperial Petroleum's Closest Peer Deserves A Higher Valuation - Buy [Seeking Alpha]

Imperial Petroleum Inc. - Common Shares (IMPP) 
Company Research Source: Seeking Alpha
However, dry bulk carrier charter rates have recovered quite meaningfully as of late, which should translate into improved second-half results. While shares lack major catalysts like an active share buyback program or a dividend, an almost 75% discount to estimated net asset value is difficult to ignore. Particularly the stock's underperformance vs. its closest peer, Imperial Petroleum, is eye-catching. Applying Imperial Petroleum's lower NAV discount to Pyxis Tankers would result in a price target of $5. Consequently, I am reiterating my "Buy" rating on PXS' common shares. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » sandsun/iStock via Getty Images Note: I have covered Pyxis Tankers Inc. NASDAQ: PXS ) previously, so investors should view this as an update to my earlier articles on the company. It's been almost a year since my last update on Greece-based product More Show less Read more
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