StockNews.com Begins Coverage on Mexco Energy (NYSE:MXC)

Analysts at StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC) in a report issued on Thursday. The firm set a “hold” rating on the stock.

Mexco Energy Stock Performance

Shares of MXC stock opened at $13.20 on Thursday. The stock has a market cap of $27.59 million, a price-to-earnings ratio of 21.64 and a beta of 0.53. The firm has a fifty day moving average of $11.73 and a 200-day moving average of $11.76. Mexco Energy has a 52-week low of $9.02 and a 52-week high of $16.52.

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. The business had revenue of $1.73 million during the quarter. Mexco Energy had a net margin of 17.77% and a return on equity of 6.70%.

Institutional Investors Weigh In On 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) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned about 1.13% of Mexco Energy at the end of the most recent quarter. 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.