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

Stock analysts at StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

Mexco Energy Trading Down 2.0 %

Shares of Mexco Energy stock opened at $12.40 on Friday. Mexco Energy has a 12-month low of $9.02 and a 12-month high of $16.52. The company has a market cap of $25.92 million, a price-to-earnings ratio of 13.78 and a beta of 0.69. The company’s 50-day moving average price is $11.28 and its 200-day moving average price is $10.95.

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

Insider Buying and Selling at Mexco Energy

In other Mexco Energy news, President Tammy Mccomic sold 6,606 shares of Mexco Energy stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $13.52, for a total transaction of $89,313.12. Following the completion of the sale, the president now directly owns 59,859 shares in the company, valued at $809,293.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 9,447 shares of company stock worth $127,063 over the last three months. 51.02% of the stock is owned by insiders.

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.