StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC – Free Report) in a report released on Wednesday morning. The firm issued a hold rating on the stock.
Mexco Energy Price Performance
Mexco Energy stock opened at $12.44 on Wednesday. The firm has a 50 day simple moving average of $11.79 and a 200-day simple moving average of $11.92. The stock has a market capitalization of $25.45 million, a PE ratio of 21.82 and a beta of 0.56. Mexco Energy has a 12-month low of $9.41 and a 12-month high of $16.52.
Mexco Energy (NYSE:MXC – Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.15 EPS for the quarter. Mexco Energy had a net margin of 17.59% and a return on equity of 6.94%. The business had revenue of $1.75 million during the quarter.
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.
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