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

Pyxis Tankers (NASDAQ:PXS) released its earnings results on Monday. The transportation company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06, Zacks reports. Pyxis Tankers had a net margin of 5.11% and a return on equity of 2.00%.

Pyxis Tankers Trading Down 0.2%

Shares of Pyxis Tankers stock traded down $0.01 during trading hours on Monday, reaching $4.34. 63,013 shares of the company’s stock were exchanged, compared to its average volume of 52,816. Pyxis Tankers has a 52-week low of $2.47 and a 52-week high of $4.92. The firm has a market capitalization of $44.57 million, a price-to-earnings ratio of 22.84 and a beta of -0.50. The company has a fifty day moving average of $4.33 and a 200-day moving average of $3.54. The company has a current ratio of 4.45, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pyxis Tankers stock. XTX Topco Ltd acquired a new position in shares of Pyxis Tankers Inc. (NASDAQ:PXS) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,307 shares of the transportation company’s stock, valued at approximately $29,000. XTX Topco Ltd owned about 0.10% of Pyxis Tankers as of its most recent SEC filing. 56.19% of the stock is currently owned by institutional investors.

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.