Pyxis Tankers (NASDAQ:PXS) Releases Earnings Results, Beats Expectations By $0.09 EPS

Pyxis Tankers (NASDAQ:PXS) posted its quarterly earnings data on Monday. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.34 by $0.09, Zacks reports. The firm had revenue of $13.91 million for the quarter. Pyxis Tankers had a return on equity of 37.62% and a net margin of 69.59%.

Pyxis Tankers Price Performance

PXS stock traded down $0.01 during trading on Wednesday, reaching $5.16. The company’s stock had a trading volume of 18,844 shares, compared to its average volume of 43,280. The company’s fifty day moving average is $5.05 and its 200-day moving average is $4.80. Pyxis Tankers has a 1 year low of $3.25 and a 1 year high of $5.47. The company has a market capitalization of $54.18 million, a P/E ratio of 2.05 and a beta of 0.02. The company has a quick ratio of 5.94, a current ratio of 6.04 and a debt-to-equity ratio of 0.55.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners assumed coverage on shares of Pyxis Tankers in a report on Wednesday, July 17th. They set a “buy” rating and a $10.00 price target on the stock.

Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector worldwide. The company operates through Tanker Vessels and Dry-Bulk Vessels segments. 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.