Streetbeat News

PXS

Pyxis Tankers Inc.

https://www.pyxistankers.com

Industry

Marine Shipping

Pyxis Tankers Inc. operates as a maritime transportation company with a focus on the tanker sector in the United States. 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. As of March 31, 2022, the company operated a fleet of five tankers. Pyxis Tankers Inc. was incorporated in 2015 and is based in Maroussi, Greece.

Open

4.14

Mkt cap

43M

Volume

25K

High

4.23

P/E Ratio

1.48

52-wk high

5.53

Low

4.01

Div yield

N/A

52-wk low

3.80

Pyxis Tankers (NASDAQ:PXS) reported Q2 2024 earnings of $0.43 per share and sales of $13.910 million, beating the analyst consensus estimate of $13.290 million. This represents a 46.34% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:03 pm

Alliance Global Partners has initiated coverage on Pyxis Tankers (NASDAQ:PXS) with a Buy rating and set a price target of $10.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 12:01 pm

Pyxis Tankers Inc. (NASDAQ: PXS) has closed a joint venture to acquire the 'Konkar Venture', a 2015 built Kamsarmax carrier. The company invested $7.3 million in cash and issued 267,857 restricted common shares for a 60% ownership interest. The vessel will continue its current time charter until mid-August 2024 at a daily rate of $18,000. Post-acquisition, Pyxis Tankers' consolidated total cash is estimated at $43 million, with total funded debt of $89 million.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 1:30 pm

Pyxis Tankers has entered into an agreement to acquire a Kamsarmax vessel for $30 million and has increased its share repurchase authority by $1 million.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:10 pm

Pyxis Tankers (NASDAQ:PXS) reported Q1 earnings of $0.30 per share, a 57.75% decrease from $0.71 per share YoY. Sales increased by 1.63% to $11.80 million from $11.62 million YoY.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:04 pm

Pyxis Tankers has announced through an SEC filing that a selling stockholder may sell up to 4.4 million shares of common stock in one or more offerings. This move could potentially impact the stock's market performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:53 pm

Pyxis Tankers Inc has filed with the SEC for a mixed shelf offering, allowing it to issue various securities up to a total value of $100 million. This strategic move could provide the company with flexible financing options for future growth, acquisitions, or debt management.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:52 pm

Pyxis Tankers (NASDAQ:PXS) reported Q4 earnings with an EPS of $0.38, beating estimates by 52.0% but with a revenue decrease of $5.13 million from the previous year. Despite outperforming EPS estimates in past quarters, such performance has previously led to a 4.0% drop in share price the following day.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 8:45 pm

Pyxis Tankers (NASDAQ:PXS) reported Q4 2023 earnings of $0.38 per share, surpassing the $0.25 estimate, with sales of $13.249M beating the $9.000M estimate, despite a 27.91% decrease from last year's $18.378M.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:41 pm

Numerous companies are scheduled to report their earnings on March 14, 2024, covering a wide range of industries from technology to healthcare. The reports include a mix of expected quarterly earnings and losses, with key figures such as revenue and per-share earnings highlighted for each company.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:52 am

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