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

StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC) 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) 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

A hedge fund recently bought a new stake in Mexco Energy stock. Meixler Investment Management Ltd. bought a new position in shares of Mexco Energy Co. (NYSE:MXC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 own 5.89% 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.