Pyxis Tankers (NASDAQ:PXS) Announces Quarterly Earnings Results

Pyxis Tankers (NASDAQ:PXS) issued its quarterly earnings results on Monday. The transportation company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06, Zacks reports. The company had revenue of $9.98 million during the quarter, compared to the consensus estimate of $10.05 million. Pyxis Tankers had a return on equity of 3.66% and a net margin of 9.27%.

Pyxis Tankers Stock Up 3.5%

Shares of NASDAQ PXS opened at $4.49 on Wednesday. Pyxis Tankers has a 52-week low of $2.47 and a 52-week high of $4.92. The firm has a fifty day moving average of $4.35 and a 200-day moving average of $3.57. The stock has a market capitalization of $46.13 million, a PE ratio of 12.83 and a beta of -0.50. The company has a quick ratio of 4.40, a current ratio of 4.45 and a debt-to-equity ratio of 0.78.

Institutional Trading of Pyxis Tankers

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Pyxis Tankers in a report on Thursday, January 22nd. Wall Street Zen upgraded Pyxis Tankers to a “strong-buy” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.