Mexco Energy (NYSE:MXC) Receives New Coverage from Analysts at StockNews.com

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

Mexco Energy Stock Performance

MXC stock traded down $0.17 during mid-day trading on Friday, hitting $12.10. 2,329 shares of the company were exchanged, compared to its average volume of 7,616. The firm has a market cap of $25.31 million, a P/E ratio of 13.46 and a beta of 0.62. Mexco Energy has a 1-year low of $9.02 and a 1-year high of $16.52. The firm’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $10.92.

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

Insider Activity

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total value of $89,313.12. Following the completion of the transaction, the president now directly owns 59,859 shares in the company, valued at $809,293.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 9,447 shares of company stock worth $127,063 over the last ninety days. 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.