Pyxis Tankers (NASDAQ:PXS) Announces Earnings Results

Pyxis Tankers (NASDAQ:PXS) issued its earnings results on Monday. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09, Zacks reports. Pyxis Tankers had a net margin of 69.59% and a return on equity of 37.62%. The company had revenue of $13.91 million for the quarter.

Pyxis Tankers Trading Up 0.4 %

Shares of PXS traded up $0.02 during trading on Wednesday, reaching $5.19. 21,818 shares of the company traded hands, compared to its average volume of 43,299. Pyxis Tankers has a twelve month low of $3.25 and a twelve month high of $5.47. The stock has a market cap of $54.50 million, a PE ratio of 2.05 and a beta of 0.02. The stock has a 50-day simple moving average of $5.05 and a 200-day simple moving average of $4.80. The company has a quick ratio of 5.94, a current ratio of 6.04 and a debt-to-equity ratio of 0.55.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners initiated coverage on shares of Pyxis Tankers in a research note on Wednesday, July 17th. They set a “buy” rating and a $10.00 target price on the stock.

Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector worldwide. The company operates through Tanker Vessels and Dry-Bulk Vessels segments. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.