Pyxis Tankers (NASDAQ:PXS) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Pyxis Tankers (NASDAQ:PXS) released its quarterly earnings data on Monday. The transportation company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06, Zacks reports. Pyxis Tankers had a return on equity of 2.00% and a net margin of 5.11%.

Pyxis Tankers Trading Down 0.2%

Shares of PXS traded down $0.01 during midday trading on Monday, reaching $4.34. The company had a trading volume of 63,013 shares, compared to its average volume of 52,816. The firm has a 50 day simple moving average of $4.33 and a 200-day simple moving average of $3.54. The company has a quick ratio of 4.40, a current ratio of 4.45 and a debt-to-equity ratio of 0.78. The stock has a market cap of $44.57 million, a PE ratio of 22.84 and a beta of -0.50. Pyxis Tankers has a 1-year low of $2.47 and a 1-year high of $4.92.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Pyxis Tankers in a report on Thursday, January 22nd. Wall Street Zen raised Pyxis Tankers to a “strong-buy” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC raised its position in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 20.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,101 shares of the transportation company’s stock after buying 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 filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 56.19% of the company’s stock.

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.