Pyxis Tankers (NASDAQ:PXS) Releases Earnings Results, Beats Estimates By $0.06 EPS

Pyxis Tankers (NASDAQ:PXS) announced its earnings results on Monday. The transportation company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06, Zacks reports. The business had revenue of $9.98 million for the quarter, compared to the consensus estimate of $10.05 million. Pyxis Tankers had a net margin of 5.11% and a return on equity of 2.00%.

Pyxis Tankers Stock Performance

Shares of PXS stock opened at $4.34 on Tuesday. Pyxis Tankers has a 12 month low of $2.47 and a 12 month high of $4.92. The stock has a market cap of $44.57 million, a PE ratio of 22.84 and a beta of -0.50. The company has a current ratio of 4.45, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. The company’s fifty day moving average price is $4.34 and its 200-day moving average price is $3.55.

Wall Street Analyst Weigh In

Several research analysts recently commented on PXS shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pyxis Tankers in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Pyxis Tankers to a “strong-buy” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of Pyxis Tankers

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC grew its holdings in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,101 shares of the transportation company’s stock after buying an additional 14,400 shares during the period. Renaissance Technologies LLC owned 0.82% of Pyxis Tankers worth $242,000 as of its most recent SEC filing. 56.19% of the stock is currently owned by institutional investors and hedge funds.

About Pyxis Tankers

Pyxis Tankers Inc is a Greece-based maritime transportation company specializing in the ownership and operation of medium-range (“MR”) product tankers. The company’s vessels, each with a deadweight capacity typically ranging from 35,000 to 54,000 metric tons, are designed to carry refined petroleum products such as gasoline, diesel, jet fuel and other clean petroleum products. Pyxis Tankers generates revenue through a combination of spot market voyages and time-charter contracts, catering to oil majors, trading houses and other charterers seeking flexible delivery solutions.

Founded in 2017 and headquartered in Athens, Greece, Pyxis Tankers completed its initial public offering on the Nasdaq Stock Market in April 2018 under the ticker symbol PXS.