Pyxis Tankers

Pyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the ownership and operation of a fleet of product tankers. It also deals with the seaborne transportation and shipping of refined petroleum products and other bulk liquids. The company was founded by Valentios Valentis on March 23, 2015 and is headquartered in Maroussi, Greece.

Earnings data Q4 2020

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Earnings data Q3 2024

Pyxis Tankers (PXS) reports robust Q1 earnings, eyes strategic expansion

Pyxis Tankers (PXS) delivered strong financial results in Q1 2024 amidst positive market conditions for its product tankers and dry bulk carriers. While facing challenges from inflation and tight monetary policies, the company is strategically expanding its fleet and pursuing growth opportunities through acquisitions and chartering strategies.

Pyxis Tankers reports robust Q2 earnings, eyes growth opportunities

Pyxis Tankers delivered impressive Q2 2024 results, showcasing revenue growth, improved net income, and enhanced EBITDA. With a focus on strategic investments and balance sheet strength, the company is well-positioned to navigate market challenges and capitalize on growth opportunities in the shipping industry.

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Pyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the ownership and operation of a fleet of product tankers. It also deals with the seaborne transportation and shipping of refined petroleum products and other bulk liquids. It operates through the Tanker Vessels and Dry-bulk Vessels segments. The company was founded by Valentios Valentis on March 23, 2015 and is headquartered in Maroussi, Greece.

PXS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 16, 2022.

Best Momentum Stocks to Buy for September 16th

Recent geopolitical events have changed product tanker dynamics materially with the healthy charter rate environment now widely expected to persist well into 2023 and potentially longer. Robust chartering outlook in combination with soaring costs for newbuildings has resulted in strong appreciation of second-hand vessel values. Since May, the company's fleet value has increased by approximately 30%.

Pyxis Tankers: Strong Buy On Bargain Valuation And Sound Market Conditions

Pyxis Tankers is a micro-cap company in the shipping space. It owns 5 MR tankers which are currently taking advantage of high charter rates. My main focus is the preferred shares due to the additional layer of safety.

Why Pyxis Tankers' 10% Preferred Shares Are Getting Safer By The Minute

Pyxis Tankers Inc. (NASDAQ:PXS ) Q2 2022 Earnings Conference Call August 8, 2022 8:30 AM ET Company Participants Eddie Valentis - Chairman, Chief Executive Officer Henry Williams - Chief Financial Officer, Treasurer Conference Call Participants Operator Good day and welcome to the Pyxis Tankers conference call to discuss the financial results for the second quarter 2022. As a reminder, today's call is being recorded.

Pyxis Tankers (PXS) CEO, Eddie Valentis on Q2 2022 Results - Earnings Call Transcript

Pyxis Tankers Inc. (PXS) delivered earnings and revenue surprises of 22.58% and 64.07%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Pyxis Tankers Inc. (PXS) Tops Q2 Earnings and Revenue Estimates

Maroussi, Greece, August 8, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company” or “Pyxis Tankers”), an international pure play product tanker company, today announced its unaudited results for the three and six month periods ended June 30, 2022.

Pyxis Tankers Announces Record Financial Results for the Three Months Ended June 30, 2022

Maroussi, Greece, August 3, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international pure play product tanker company, today announced the following:

Pyxis Tankers Announces Date for the Release of the Second Quarter 2022 Results and Related Conference Call & Webcast

Should investors be excited or worried when a stock's 50 -day simple moving average crosses above the 200-day simple moving average?

Pyxis Tankers Inc. (PXS) Just Flashed Golden Cross Signal: Do You Buy?

Pyxis Tankers Inc. (NASDAQ:PXS ) Q1 2022 Earnings Conference Call May 16, 2022 8:30 AM ET Company Participants Eddie Valentis – Chairman and Chief Executive Officer Henry Williams – Chief Financial Officer and Treasurer Conference Call Participants Operator Good day and welcome to the Pyxis Tankers Conference Call to discuss the Financial Results for The First Quarter 2022. As a reminder, today's call is being recorded.

Pyxis Tankers Inc. (PXS) CEO Eddie Valentis on Q1 2022 Results - Earnings Call Transcript

Pyxis Tankers Inc. (PXS) delivered earnings and revenue surprises of 0% and 8.19%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Pyxis Tankers Inc. (PXS) Reports Q1 Loss, Tops Revenue Estimates

Maroussi, Greece, May 16, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company” or “Pyxis Tankers”), an international pure play product tanker company, today announced unaudited results for the three months ended March 31, 2022.

Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2022

Maroussi, Greece, May 11, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company”), an international pure play product tanker company, today announced that its 2022 Annual Meeting of Shareholders (the “AMS”) was duly held on May 11, 2022 in London, U.K. At the AMS, the following proposals were approved and adopted:

Pyxis Tankers Announces Results of its 2022 Annual Meeting of Shareholders & Implementation of Common Stock Reverse Split, Effective May 13, 2022

MAROUSSI, GREECE – May 11, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), a growth - oriented pure play product tanker company, today announced the following:

Pyxis Tankers Announces Date for the Release of the First Quarter 2022 Results and Related Conference Call & Webcast

Updating investors on changes in fleet composition and net asset value. Unlike most of its larger peers, the company still trades at a substantial discount to NAV. Recent geopolitical events have changed product tanker dynamics materially with the strong charter rate environment now widely expected to persist for at least the next couple of quarters.

Pyxis Tankers - Upcoming Reverse Stock Split Might Present Great Buying Opportunity

Maroussi, Greece – April 1, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), a growth-oriented pure play product tanker company, announced today that its Annual Report on Form 20-F for the year ended December 31, 2021 has been filed with the Securities and Exchange Commission and can be accessed on our website,  www.pyxistankers.com . Alternatively, shareholders may also request a hard copy of the annual report containing our audited financial statements, free of charge, by contacting us using the contact details provided at the end of this press release.

Pyxis Tankers Announces Filing of Form 20-F for the Year Ended December 31, 2021 & Chartering Update

Pyxis Tankers Inc. (PXS) delivered earnings and revenue surprises of -100% and 31.67%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Pyxis Tankers Inc. (PXS) Reports Q4 Loss, Tops Revenue Estimates

Pyxis Tankers Inc. (PXS) CEO Eddie Valentis on Q4 2021 Results - Earnings Call Transcript

Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2021

MAROUSSI, GREECE – March 14, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international pure play product tanker company, today announced the following:

Pyxis Tankers Announces Date for the Release of the Fourth Quarter and Year Ended 2021 Results and Related Conference Call & Webcast

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After losing some value lately, a hammer chart pattern has been formed for Pyxis Tankers Inc. (PXS), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why Pyxis Tankers Inc. (PXS) Is a Great 'Buy the Bottom' Stock Now

Pyxis Tankers Inc (NASDAQ: PXS) has agreed to sell two 2010 built 8,600 dwt product tankers, the Northsea Alpha and Northsea Beta, for $8.9 million.  The company expects to complete the vessel sales between late January 2022 and late February 2022.

Pyxis Sells Two Small Tankers For $8.9M

Maroussi, Greece, January 4, 2022 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the “Company”), an international pure play product tanker company, today announced that it has agreed to sell the Northsea Alpha and Northsea Beta, two 2010 built 8,600 dwt product tankers for an aggregate sale price of $8.9 million.  Completion of the vessel sales, which are subject to customary closing conditions, should occur between late January, 2022 and late February, 2022. After the repayment of the outstanding indebtedness securing these vessels and the payment of various transaction costs, the Company expects to receive aggregate net cash proceeds of approximately $2.8 million, which would be used for working capital purposes. For the fiscal year ended December 31, 2021, the Company expects to recognize a non-cash loss from asset dispositions of approximately $2.0 million.

Pyxis Tankers Announces Sale of Two Small Tankers

Maroussi, Greece – December 21, 2021 – Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the “Company” or “Pyxis Tankers”), an international pure play product tanker company, announced today that pursuant to a previously announced transaction, on December 20, 2021, the Company took delivery of the Pyxis Lamda, a 50,296 dwt medium range product tanker built in 2017 at SPP Shipbuilding in South Korea.  The Pyxis Lamda was acquired from an entity related to the family of our Company's Chairman and Chief Executive Officer, for a purchase price of $32 million (the “Lamda Acquisition”).  After her first special survey, the Pyxis Lamda will seek commercial employment in early January, 2022.

Pyxis Tankers Announces Delivery of 2017 Built MR Product Tanker & Completion of Debt Financings

Maroussi, Greece, December 14, 2021 – Pyxis Tankers Inc. (NASDAQ: PXS) (the “Company”), an international maritime transportation company focused on the product tanker sector, announced today that on December 14, 2021, it received a notification letter from the Nasdaq Stock Market (“Nasdaq”), granting the Company an additional 180-day extension, or until June 13, 2022 (the “Second Compliance Period”), to regain compliance with the minimum bid price requirement under Nasdaq's listing rules.

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