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 note released on Thursday morning. The firm issued a hold rating on the stock.

Mexco Energy Price Performance

NYSE MXC opened at $10.90 on Thursday. The firm has a market capitalization of $22.78 million, a price-to-earnings ratio of 17.87 and a beta of 0.54. The company’s fifty day moving average is $11.50 and its two-hundred day moving average is $11.27. Mexco Energy has a 52-week low of $9.02 and a 52-week high of $16.52.

Mexco Energy (NYSE:MXC) last released its quarterly earnings data on Thursday, June 27th. The company reported $0.12 EPS for the quarter. The company had revenue of $1.79 million during the quarter. Mexco Energy had a net margin of 20.37% and a return on equity of 7.76%.

Hedge Funds Weigh In On Mexco Energy

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. purchased a new stake in shares of Mexco Energy Co. (NYSE:MXC) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned about 1.13% of Mexco Energy as of its most recent SEC filing. 5.89% of the stock is currently owned by institutional investors and hedge funds.

Mexco Energy Company Profile

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.