Investment analysts at StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC – Get Free Report) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.
Mexco Energy Price Performance
Shares of Mexco Energy stock opened at $11.32 on Friday. The firm has a fifty day moving average price of $11.84 and a 200 day moving average price of $10.95. Mexco Energy has a 1 year low of $9.02 and a 1 year high of $16.52. The stock has a market cap of $23.66 million, a PE ratio of 18.56 and a beta of 0.53.
Mexco Energy (NYSE:MXC – Get Free Report) last issued its earnings results on Thursday, June 27th. The company reported $0.12 earnings per share (EPS) for the quarter. Mexco Energy had a net margin of 20.37% and a return on equity of 7.80%. The firm had revenue of $1.79 million during the quarter.
Insider Buying and Selling at Mexco Energy
Institutional Trading of Mexco Energy
An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. bought a new stake in Mexco Energy Co. (NYSE:MXC – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned 1.13% of Mexco Energy as of its most recent SEC filing. Hedge funds and other institutional investors own 5.89% of the company’s stock.
Mexco Energy Company Profile
Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,400 gross producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Ohio.
Read More
- Five stocks we like better than Mexco Energy
- Transportation Stocks Investing
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Which Wall Street Analysts are the Most Accurate?
- MarketBeat Week in Review – 6/24 – 6/28
- What Are the FAANG Stocks and Are They Good Investments?
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Mexco Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mexco Energy and related companies with MarketBeat.com's FREE daily email newsletter.