Mexco Energy (NYSE:MXC) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC) in a report released on Wednesday. The firm issued a hold rating on the stock.

Mexco Energy Stock Up 5.5 %

Shares of MXC stock opened at $12.61 on Wednesday. The firm has a market capitalization of $26.35 million, a P/E ratio of 20.67 and a beta of 0.53. Mexco Energy has a twelve month low of $9.02 and a twelve month high of $16.52. The stock’s fifty day simple moving average is $11.67 and its 200 day simple moving average is $11.70.

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

Institutional Investors Weigh In On Mexco Energy

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

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.