Mexco Energy (NYSE:MXC) Receives New Coverage from Analysts at StockNews.com

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

Mexco Energy Trading Down 5.1 %

Shares of Mexco Energy stock opened at $11.07 on Tuesday. The stock’s fifty day moving average price is $11.66 and its 200-day moving average price is $11.59. The firm has a market cap of $23.14 million, a P/E ratio of 18.15 and a beta of 0.53. Mexco Energy has a 12 month low of $9.02 and a 12 month high of $16.52.

Mexco Energy (NYSE:MXC) last posted its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter. Mexco Energy had a net margin of 17.77% and a return on equity of 6.70%. The business had revenue of $1.73 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. bought a new stake in Mexco Energy Co. (NYSE:MXC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned approximately 1.13% of Mexco Energy as of its most recent SEC filing. 5.89% of the stock is currently owned by institutional investors and hedge funds.

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.