StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC – Free Report) in a report published on Sunday. The brokerage issued a hold rating on the stock.
Mexco Energy Trading Up 9.7 %
Shares of MXC opened at $13.20 on Friday. Mexco Energy has a 52 week low of $9.02 and a 52 week high of $16.52. The stock has a 50 day moving average of $11.63 and a 200-day moving average of $11.50. The firm has a market cap of $27.59 million, a price-to-earnings ratio of 21.64 and a beta of 0.54.
Mexco Energy (NYSE:MXC – Get Free Report) last announced 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 during the quarter. Mexco Energy had a return on equity of 7.76% and a net margin of 20.37%.
Hedge Funds Weigh In On Mexco Energy
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.
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