Pyxis Tankers (NASDAQ:PXS) Announces Quarterly Earnings Results

Pyxis Tankers (NASDAQ:PXS) issued its quarterly earnings data on Monday. The transportation company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Price Performance

Shares of NASDAQ:PXS traded down $0.01 during midday trading on Monday, hitting $4.34. 63,014 shares of the stock were exchanged, compared to its average volume of 52,822. Pyxis Tankers has a twelve month low of $2.47 and a twelve month high of $4.92. The stock has a market cap of $44.57 million, a P/E ratio of 22.84 and a beta of -0.50. The company has a current ratio of 4.45, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average price of $4.33 and a 200-day moving average price of $3.54.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PXS shares. Wall Street Zen raised Pyxis Tankers to a “strong-buy” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pyxis Tankers in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC lifted its position in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 20.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,101 shares of the transportation company’s stock after buying an additional 14,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.82% of Pyxis Tankers worth $242,000 at the end of the most recent quarter. Institutional investors and hedge funds own 56.19% of the company’s stock.

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.