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

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

Mexco Energy Trading Down 1.4 %

Mexco Energy stock opened at $12.10 on Friday. Mexco Energy has a 12 month low of $9.02 and a 12 month high of $16.52. The business’s 50 day simple moving average is $11.55 and its 200 day simple moving average is $10.92. The company has a market cap of $25.31 million, a price-to-earnings ratio of 13.44 and a beta of 0.62.

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

Insiders Place Their Bets

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of the stock in a transaction on 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 $809,293.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 9,447 shares of company stock worth $127,063 over the last 90 days. Corporate insiders own 51.02% of the company’s stock.

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.