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

Stock analysts at StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC) in a research report issued on Monday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Down 0.4 %

MXC opened at $11.52 on Monday. The company has a 50 day moving average of $11.64 and a two-hundred day moving average of $11.82. 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 $23.57 million, a P/E ratio of 20.21 and a beta of 0.54.

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.