Mexco Energy (NYSE:MXC) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed 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

MXC opened at $12.27 on Friday. Mexco Energy has a 1 year low of $9.02 and a 1 year high of $16.52. The company’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $10.93. The stock has a market capitalization of $25.64 million, a PE ratio of 13.63 and a beta of 0.62.

Mexco Energy (NYSE:MXC) last posted its quarterly earnings results 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 related news, President Tammy Mccomic sold 6,606 shares of the 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 owns 59,859 shares of the company’s stock, valued at approximately $809,293.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 9,447 shares of company stock valued at $127,063. Company insiders own 51.02% 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.