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

Equities research analysts at StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC – Get Rating) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Mexco Energy Price Performance

Shares of MXC stock opened at $10.82 on Tuesday. Mexco Energy has a twelve month low of $10.33 and a twelve month high of $24.18. The stock has a market capitalization of $23.16 million, a P/E ratio of 5.01 and a beta of 1.15.

About Mexco Energy

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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.