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

StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research note published on Thursday. The firm issued a hold rating on the stock.

Mexco Energy Stock Performance

Shares of MXC stock opened at $12.43 on Thursday. Mexco Energy has a 52 week low of $9.02 and a 52 week high of $16.52. The company’s 50 day moving average price is $11.75 and its two-hundred day moving average price is $11.81. The company has a market capitalization of $25.98 million, a P/E ratio of 20.38 and a beta of 0.53.

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

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 shares of Mexco Energy Co. (NYSE:MXC) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 as of its most recent SEC filing. 5.89% of the stock is currently owned by institutional investors and hedge funds.

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.