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

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

Mexco Energy Price Performance

Shares of Mexco Energy stock opened at $12.41 on Friday. The stock has a market capitalization of $25.94 million, a price-to-earnings ratio of 13.79 and a beta of 0.69. The business has a 50-day moving average of $11.32 and a 200 day moving average of $10.93. Mexco Energy has a 12 month low of $9.02 and a 12 month high of $16.52.

Mexco Energy (NYSE:MXC) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.16 EPS for the quarter. The business had revenue of $1.66 million during the quarter. Mexco Energy had a net margin of 28.37% and a return on equity of 11.61%.

Insider Activity

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total transaction of $89,313.12. Following the sale, the president now owns 59,859 shares in the company, valued at approximately $809,293.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 9,447 shares of company stock worth $127,063. Corporate insiders own 51.02% of the company’s stock.

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.