Mexco Energy (NYSE:MXC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC – Get Rating) in a report issued on Monday. The brokerage set a “hold” rating on the stock.

Mexco Energy Stock Performance

Shares of NYSE:MXC opened at $10.42 on Monday. The stock has a market cap of $22.32 million, a price-to-earnings ratio of 4.82 and a beta of 1.15. Mexco Energy has a 1 year low of $10.33 and a 1 year high of $24.18.

Mexco Energy Company Profile

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Mexco Energy Corp. operates as an independent oil and gas company, which engages in the acquisition, exploration, development, and production of natural gas properties and crude oil. The firm operates its oil & gas exploration in the following areas: the Delaware Basin located in the Western portion of the Permian Basin, including Lea and Eddy Counties, New Mexico, and Loving County, Texas and the Midland Basin located in the Eastern portion of the Permian Basin, including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties, Texas.