Mexco Energy (NYSE:MXC) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC – Get Rating) in a research report issued on Wednesday. The firm set a “hold” rating on the stock.

Mexco Energy Price Performance

MXC stock opened at $13.65 on Wednesday. Mexco Energy has a 12-month low of $9.00 and a 12-month high of $43.00. The company has a market cap of $29.34 million, a price-to-earnings ratio of 6.96 and a beta of 1.17. The company has a 50 day moving average of $13.60 and a two-hundred day moving average of $15.92.

Mexco Energy Company Profile

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Mexco Energy Corp. operates as an independent oil and gas company, which engages in the acquisition, exploration, development, and production of natural gas properties and crude oil. The firm operates its oil & gas exploration in the following areas: the Delaware Basin located in the Western portion of the Permian Basin, including Lea and Eddy Counties, New Mexico, and Loving County, Texas and the Midland Basin located in the Eastern portion of the Permian Basin, including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas.