Pyxis Tankers (NASDAQ:PXS) Issues Earnings Results

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

Pyxis Tankers Stock Performance

NASDAQ:PXS remained flat at $5.36 on Monday. The company’s stock had a trading volume of 104,156 shares, compared to its average volume of 49,766. The firm has a market capitalization of $54.89 million, a P/E ratio of 15.31 and a beta of -0.52. Pyxis Tankers has a 52 week low of $2.56 and a 52 week high of $5.55. The company has a debt-to-equity ratio of 0.75, a quick ratio of 4.49 and a current ratio of 4.53. The firm’s 50-day simple moving average is $4.66 and its 200-day simple moving average is $4.41.

Hedge Funds Weigh In On Pyxis Tankers

An institutional investor recently bought a new position in Pyxis Tankers stock. XTX Topco Ltd purchased a new position in shares of Pyxis Tankers Inc. (NASDAQ:PXS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 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. Institutional investors and hedge funds own 56.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PXS shares. Wall Street Zen cut shares of Pyxis Tankers from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings raised shares of Pyxis Tankers from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

About Pyxis Tankers

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.