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PYXIS TANKERS Equity Research Update

Pyxis Tankers announced its financial results for the second quarter of 2022 and the six month period for the year. Overall, the Company reported a very strong set of results.

The utilization rate for the quarter was 98%, which was a very positive development compared to the first quarter figures at 74%.

We feel comfortable with the MR tanker market outlook and our estimates for the Company, so we initiate a DCF model to accompany the peer group valuation.

Pyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the ownership and operation of a fleet of product tankers. It involves the seaborne transportation and shipping of refined petroleum products and other bulk liquids.

Underlying
PYXIS TANKERS

Provider
VRS (VALUATION & RESEARCH SPECIALISTS)
VRS (VALUATION & RESEARCH SPECIALISTS)

 

 

Founded in 2002, VRS (VALUATION & RESEARCH SPECIALISTS) - VRS INTERNATIONAL S.A. is an independent Financial Research & Consulting Firm with offices in Luxembourg, Toronto and Athens, and with senior presence in the broader European and North American markets, providing advanced equity research and valuation reports as well as value-related advisory services and credit rating services to local and international institutions, business entities and individual clients.

VRS is a boutique financial advisor with more than 20 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Europe and North America.

Since 2002, VRS has completed more than 500 engagements in the areas of business valuation and financial analysis for more than 200 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

VRS provides corporations with services in financial restructuring, valuation of business enterprises, intangible assets and tangible fixed assets, value enhancement and strategic expansion.

VRS also assists companies involved in mergers and acquisitions and tracks the market in order to offer advice on when to make public offerings and private placements.

VRS cooperates with fund managers, asset managers, business owners, international organizations, banks and strategic or institutional investors.

VRS has worked with over 200 companies in Europe and North America in financing, private placements, initial public offerings, business acquisitions and mergers.

Analysts
VRS RESEARCH TEAM

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