StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC – Free Report) in a report released on Friday morning. The brokerage issued a hold rating on the stock.
Mexco Energy Stock Performance
MXC stock opened at $11.65 on Friday. The stock’s 50 day simple moving average is $11.73 and its 200 day simple moving average is $11.91. The company has a market cap of $23.87 million, a P/E ratio of 20.43 and a beta of 0.55. Mexco Energy has a fifty-two week low of $9.41 and a fifty-two week high of $16.52.
Mexco Energy (NYSE:MXC – Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.15 earnings per share for the quarter. Mexco Energy had a return on equity of 6.94% and a net margin of 17.59%. The company had revenue of $1.75 million for the quarter.
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.
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