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

Investment analysts at StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.

Mexco Energy Stock Performance

Shares of NYSE MXC opened at $12.27 on Friday. The stock’s 50-day simple moving average is $11.51 and its 200-day simple moving average is $10.93. The firm has a market capitalization of $25.64 million, a PE ratio of 13.63 and a beta of 0.62. Mexco Energy has a fifty-two week low of $9.02 and a fifty-two week high of $16.52.

Mexco Energy (NYSE:MXC) last released its quarterly earnings data on Friday, February 9th. The company reported $0.16 earnings per share for the quarter. Mexco Energy had a net margin of 28.37% and a return on equity of 11.61%. The company had revenue of $1.66 million for the quarter.

Insider Buying and Selling at Mexco Energy

In other news, President Tammy Mccomic sold 6,606 shares of the business’s stock in a transaction dated 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 approximately $809,293.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 9,447 shares of company stock worth $127,063 over the last 90 days. Corporate 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.