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

StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a research report released on Saturday. The firm issued a hold rating on the stock.

Mexco Energy Stock Performance

Shares of NYSE MXC opened at $12.41 on Friday. Mexco Energy has a 1 year low of $9.02 and a 1 year high of $16.52. The stock’s 50-day simple moving average is $11.32 and its 200-day simple moving average is $10.93. The firm has a market cap of $25.94 million, a price-to-earnings ratio of 13.79 and a beta of 0.69.

Mexco Energy (NYSE:MXC) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.16 earnings per share (EPS) for the quarter. Mexco Energy had a return on equity of 11.61% and a net margin of 28.37%. The company had revenue of $1.66 million for the quarter.

Insiders Place Their Bets

In other news, President Tammy Mccomic sold 6,606 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $13.52, for a total value of $89,313.12. Following the sale, the president now owns 59,859 shares in the company, valued at approximately $809,293.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 9,447 shares of company stock valued at $127,063 in the last ninety days. Corporate insiders own 51.02% 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.