Mexco Energy (NYSE:MXC) Shares Down 0.7% – What’s Next?

Mexco Energy Co. (NYSE:MXC) fell 0.7% on Wednesday . The stock traded as low as $11.78 and last traded at $12.15. 3,967 shares traded hands during trading, a decline of 51% from the average session volume of 8,176 shares. The stock had previously closed at $12.23.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Mexco Energy in a report on Saturday, October 5th. They set a “hold” rating for the company.

Mexco Energy Stock Down 0.7 %

The business has a fifty day simple moving average of $12.21 and a 200 day simple moving average of $11.92. The company has a market cap of $25.39 million, a price-to-earnings ratio of 22.50 and a beta of 0.53.

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

Institutional Investors Weigh In On Mexco Energy

A hedge fund recently bought a new stake in Mexco Energy stock. Meixler Investment Management Ltd. purchased a new position in shares of Mexco Energy Co. (NYSE:MXC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 SEC filing. 5.89% of the stock is 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.