Pyxis Tankers (NASDAQ:PXS) Announces Quarterly Earnings Results

Pyxis Tankers (NASDAQ:PXS) released its quarterly earnings results on Monday. The transportation company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07, Zacks reports. Pyxis Tankers had a return on equity of 3.63% and a net margin of 9.27%.The company had revenue of $12.13 million during the quarter, compared to analysts’ expectations of $10.34 million.

Pyxis Tankers Stock Performance

NASDAQ PXS opened at $5.36 on Tuesday. The business’s 50-day moving average price is $4.68 and its 200 day moving average price is $4.42. The company has a current ratio of 4.53, a quick ratio of 4.49 and a debt-to-equity ratio of 0.75. Pyxis Tankers has a twelve month low of $2.56 and a twelve month high of $5.55. The company has a market capitalization of $54.89 million, a PE ratio of 15.31 and a beta of -0.52.

Wall Street Analysts Forecast Growth

PXS has been the subject of a number of recent research reports. Weiss Ratings upgraded Pyxis Tankers from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Wall Street Zen lowered shares of Pyxis Tankers from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Institutional Investors Weigh In On Pyxis Tankers

An institutional investor recently bought a new stake in Pyxis Tankers stock. XTX Topco Ltd purchased a new position in shares of Pyxis Tankers Inc. (NASDAQ:PXS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,307 shares of the transportation company’s stock, valued at approximately $29,000. XTX Topco Ltd owned 0.10% of Pyxis Tankers as of its most recent SEC filing. 56.19% of the stock is owned by institutional investors and hedge funds.

Pyxis Tankers Company Profile

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.