Pyxis Tankers (NASDAQ:PXS) posted its quarterly earnings results on Wednesday. The transportation company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.12), reports. Pyxis Tankers had a negative net margin of 12.58% and a negative return on equity of 13.10%. The business had revenue of $7.42 million during the quarter, compared to the consensus estimate of $6.81 million.

PXS traded down $0.61 during trading hours on Thursday, reaching $1.44. The company’s stock had a trading volume of 14,341 shares, compared to its average volume of 444,964. Pyxis Tankers has a 52 week low of $0.74 and a 52 week high of $12.22. The company has a current ratio of 0.24, a quick ratio of 0.17 and a debt-to-equity ratio of 1.20. The stock has a market cap of $40.29 million, a PE ratio of -5.00 and a beta of -3.10.

PXS has been the topic of a number of research analyst reports. Noble Financial restated a “buy” rating and issued a $2.00 price target on shares of Pyxis Tankers in a research note on Tuesday, October 30th. Zacks Investment Research upgraded Pyxis Tankers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Maxim Group restated a “buy” rating and issued a $3.00 price target on shares of Pyxis Tankers in a research note on Thursday.

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Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. 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.

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Earnings History for Pyxis Tankers (NASDAQ:PXS)

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