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

Analysts at StockNews.com began coverage on shares of Mexco Energy (NYSE:MXC) in a research report issued on Saturday. The brokerage set a “hold” rating on the stock.

Mexco Energy Price Performance

Shares of NYSE MXC opened at $12.40 on Friday. The stock’s 50-day moving average is $11.28 and its two-hundred day moving average is $10.93. Mexco Energy has a 1-year low of $9.02 and a 1-year high of $16.52. The company has a market cap of $25.92 million, a price-to-earnings ratio of 13.78 and a beta of 0.69.

Mexco Energy (NYSE:MXC) last released its quarterly earnings data on Friday, February 9th. The company reported $0.16 earnings per share (EPS) 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 Transactions at Mexco Energy

In other news, President Tammy Mccomic sold 6,606 shares of the stock in a transaction that occurred 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 transaction, the president now directly owns 59,859 shares of the company’s stock, valued at approximately $809,293.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders sold 9,447 shares of company stock valued at $127,063. Corporate insiders own 51.02% of the company’s stock.

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.