StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC – Free Report) in a research report report published on Wednesday. The brokerage issued a hold rating on the stock.
Mexco Energy Stock Down 1.9 %
MXC stock opened at $11.90 on Wednesday. The stock has a market capitalization of $24.38 million, a price-to-earnings ratio of 20.87 and a beta of 0.56. Mexco Energy has a 52-week low of $9.41 and a 52-week high of $16.52. The stock’s fifty day simple moving average is $11.78 and its 200-day simple moving average is $11.93.
Mexco Energy (NYSE:MXC – Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.15 earnings per share (EPS) for the quarter. Mexco Energy had a return on equity of 6.94% and a net margin of 17.59%. The firm had revenue of $1.75 million for the quarter.
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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