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

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

Mexco Energy Stock Performance

Shares of MXC stock opened at $11.75 on Wednesday. The stock has a fifty day simple moving average of $11.65 and a two-hundred day simple moving average of $11.66. The firm has a market capitalization of $24.56 million, a PE ratio of 19.26 and a beta of 0.53. Mexco Energy has a 52-week low of $9.02 and a 52-week high of $16.52.

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

Hedge Funds Weigh In On Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Meixler Investment Management Ltd. purchased a new stake in Mexco Energy Co. (NYSE:MXC) during the first quarter, according to its most recent filing with the SEC. The fund purchased 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned about 1.13% of Mexco Energy as of its most recent filing with the SEC. Institutional investors and hedge funds own 5.89% 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.