Mexco Energy (NYSE:MXC) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Down 1.4 %

MXC opened at $12.10 on Friday. Mexco Energy has a 12-month low of $9.02 and a 12-month high of $16.52. The stock has a market cap of $25.31 million, a price-to-earnings ratio of 13.44 and a beta of 0.62. The business has a 50 day moving average of $11.55 and a 200-day moving average of $10.92.

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. Mexco Energy had a return on equity of 11.61% and a net margin of 28.37%. The company had revenue of $1.66 million during the quarter.

Insider Activity

In other news, President Tammy Mccomic sold 6,606 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $13.52, for a total value of $89,313.12. Following the completion of the sale, the president now directly owns 59,859 shares of the company’s stock, valued at $809,293.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 9,447 shares of company stock valued at $127,063 over the last three months. 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.