Pyxis Tankers (NASDAQ:PXS) Announces Quarterly Earnings Results

Pyxis Tankers (NASDAQ:PXS) announced its earnings results on Monday. The transportation company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07, Zacks reports. Pyxis Tankers had a net margin of 9.27% and a return on equity of 3.63%.

Pyxis Tankers Stock Performance

Shares of PXS stock remained flat at $5.36 on Monday. 416,871 shares of the company traded hands, compared to its average volume of 49,804. The company has a quick ratio of 4.49, a current ratio of 4.53 and a debt-to-equity ratio of 0.75. Pyxis Tankers has a 52 week low of $2.56 and a 52 week high of $5.55. The firm’s 50 day moving average is $4.66 and its two-hundred day moving average is $4.41. The stock has a market cap of $54.89 million, a PE ratio of 15.31 and a beta of -0.52.

Institutional Trading of Pyxis Tankers

An institutional investor recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC increased its stake in Pyxis Tankers Inc. (NASDAQ:PXS) by 20.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,101 shares of the transportation company’s stock after acquiring an additional 14,400 shares during the period. Renaissance Technologies LLC owned about 0.82% of Pyxis Tankers worth $242,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 56.19% of the company’s stock.

Wall Street Analyst Weigh In

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

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.