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

Equities research analysts at StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Down 0.1 %

NYSE MXC opened at $10.88 on Friday. The stock has a market capitalization of $22.26 million, a P/E ratio of 19.09 and a beta of 0.54. Mexco Energy has a 52-week low of $9.02 and a 52-week high of $16.52. The firm has a 50-day moving average price of $11.72 and a 200 day moving average price of $11.82.

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.