Pyxis Tankers (NASDAQ:PXS) issued its quarterly earnings results on Thursday. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.06), Morningstar.com reports. Pyxis Tankers had a negative return on equity of 20.58% and a negative net margin of 32.43%.
Pyxis Tankers (NASDAQ:PXS) traded down $0.13 on Thursday, hitting $1.20. 344,578 shares of the company’s stock traded hands, compared to its average volume of 453,520. Pyxis Tankers has a twelve month low of $0.90 and a twelve month high of $12.22. The company has a quick ratio of 0.12, a current ratio of 0.17 and a debt-to-equity ratio of 1.41.
An institutional investor recently bought a new position in Pyxis Tankers stock. Hudson Bay Capital Management LP acquired a new stake in shares of Pyxis Tankers Inc (NASDAQ:PXS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 900,000 shares of the transportation company’s stock, valued at approximately $2,705,000. Hudson Bay Capital Management LP owned about 4.31% of Pyxis Tankers as of its most recent SEC filing. Institutional investors and hedge funds own 4.68% of the company’s stock.
A number of equities research analysts have issued reports on the company. Maxim Group lowered Pyxis Tankers from a “buy” rating to a “hold” rating and set a $3.00 price target for the company. in a research note on Monday, December 4th. ValuEngine upgraded Pyxis Tankers from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.
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Pyxis Tankers Company Profile
Pyxis Tankers Inc is a holding company. The Company is an international maritime transportation company focused on the product tanker sector. It owns a fleet of six double hull product tankers: Pyxis Epsilon with carrying capacity of approximately 50,300 deadweight tonnage (dwt); Pyxis Theta with carrying capacity of approximately 51,800 dwt, Pyxis Malou with carrying capacity of over 50,670 dwt; Pyxis Delta with carrying capacity of approximately 46,620 dwt; Northsea Beta with carrying capacity of over 8,650 dwt, and Northsea Alpha with carrying capacity of approximately 8,615 dwt.
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