Mexco Energy (NYSE:MXC) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

Mexco Energy Price Performance

Mexco Energy stock opened at $11.75 on Wednesday. Mexco Energy has a 52-week low of $9.02 and a 52-week high of $16.52. The company has a market cap of $24.56 million, a P/E ratio of 19.26 and a beta of 0.53. The business has a 50-day simple moving average of $11.65 and a two-hundred day simple moving average of $11.66.

Mexco Energy (NYSE:MXC) last announced its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter. Mexco Energy had a net margin of 17.77% and a return on equity of 6.70%. The company had revenue of $1.73 million during the quarter.

Institutional Trading of Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. acquired a new stake in shares of Mexco Energy Co. (NYSE:MXC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned 1.13% of Mexco Energy at the end of the most recent quarter. Institutional investors and hedge funds own 5.89% of the company’s stock.

About Mexco Energy

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.