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 Friday morning. The firm issued a hold rating on the stock.

Mexco Energy Stock Performance

Shares of MXC stock opened at $12.61 on Friday. Mexco Energy has a 52 week low of $9.02 and a 52 week high of $16.52. The stock has a market capitalization of $26.38 million, a PE ratio of 14.01 and a beta of 0.69. The stock’s fifty day moving average is $11.06 and its 200-day moving average is $10.93.

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

Insider Activity at Mexco Energy

In other news, President Tammy Mccomic sold 6,606 shares of the business’s stock in a transaction on 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 owns 59,859 shares in the company, valued at $809,293.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 9,447 shares of company stock valued at $127,063 over the last quarter. 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.