StockNews.com Initiates Coverage on Mexco Energy (NYSE:MXC)

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

Mexco Energy Stock Down 2.0 %

NYSE MXC opened at $12.40 on Friday. The company has a market capitalization of $25.92 million, a price-to-earnings ratio of 13.78 and a beta of 0.69. Mexco Energy has a twelve month low of $9.02 and a twelve month high of $16.52. The stock has a fifty day simple moving average of $11.28 and a 200 day simple moving average of $10.94.

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

Insider Activity at Mexco Energy

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total transaction of $89,313.12. Following the completion of the sale, the president now directly 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 this hyperlink. Insiders sold 9,447 shares of company stock worth $127,063 over the last three months. Company 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.