Mexco Energy (NYSE:MXC) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued on Saturday. The firm set a “hold” rating on the stock.

Mexco Energy Trading Down 1.7 %

Mexco Energy stock opened at $12.95 on Friday. The business’s 50 day simple moving average is $11.92 and its 200 day simple moving average is $11.89. Mexco Energy has a 12 month low of $9.02 and a 12 month high of $16.52. The company has a market cap of $27.07 million, a price-to-earnings ratio of 21.23 and a beta of 0.53.

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

Institutional Trading of Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. purchased a new position in Mexco Energy Co. (NYSE:MXC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 filing with the Securities and Exchange Commission (SEC). 5.89% of the stock is currently owned by institutional investors and hedge funds.

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.