Pyxis Tankers (NASDAQ:PXS) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Pyxis Tankers (NASDAQ:PXS) announced its quarterly earnings data on Thursday. The transportation company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01, Zacks reports. Pyxis Tankers had a return on equity of 2.01% and a net margin of 5.11%.The company had revenue of $10.54 million for the quarter, compared to the consensus estimate of $11.22 million.

Pyxis Tankers Trading Up 1.3%

Shares of Pyxis Tankers stock opened at $3.99 on Friday. The stock has a 50 day moving average price of $3.38 and a two-hundred day moving average price of $3.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.39 and a current ratio of 3.43. Pyxis Tankers has a 52 week low of $2.47 and a 52 week high of $4.74. The stock has a market capitalization of $41.86 million, a PE ratio of 21.00 and a beta of -0.69.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Pyxis Tankers in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pyxis Tankers stock. XTX Topco Ltd acquired a new position in Pyxis Tankers Inc. (NASDAQ:PXS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,307 shares of the transportation company’s stock, valued at approximately $29,000. XTX Topco Ltd owned approximately 0.10% of Pyxis Tankers as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 56.19% of the company’s stock.

Pyxis Tankers declared that its board has authorized a share repurchase program on Friday, November 21st that permits the company to buyback $3.00 million in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 10% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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.