Mexco Energy (NYSE:MXC) Now Covered by Analysts at StockNews.com

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

Mexco Energy Trading Down 1.7 %

MXC opened at $12.95 on Friday. The stock has a market capitalization of $27.07 million, a P/E ratio of 21.23 and a beta of 0.53. The stock has a 50-day moving average price of $11.92 and a 200-day moving average price of $11.92. Mexco Energy has a 12-month low of $9.02 and a 12-month high of $16.52.

Mexco Energy (NYSE:MXC) last issued 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 return on equity of 6.70% and a net margin of 17.77%.

Hedge Funds Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. acquired a new stake in Mexco Energy Co. (NYSE:MXC) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned about 1.13% of Mexco Energy as of its most recent filing with the Securities & Exchange Commission. 5.89% of the stock is owned by hedge funds and other institutional investors.

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.