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

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

Mexco Energy Stock Up 2.6 %

Shares of MXC stock opened at $11.50 on Tuesday. Mexco Energy has a twelve month low of $9.02 and a twelve month high of $16.52. The business has a fifty day simple moving average of $11.64 and a 200 day simple moving average of $11.61. The company has a market cap of $24.04 million, a P/E ratio of 18.38 and a beta of 0.53.

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%.

Institutional Inflows and Outflows

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 the company in 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 approximately 1.13% of Mexco Energy as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 5.89% 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.