StockNews.com initiated coverage on shares of Mexco Energy (NYSE:MXC – Free Report) in a report released on Saturday morning. The brokerage issued a hold rating on the stock.
Mexco Energy Stock Performance
Shares of NYSE:MXC opened at $13.15 on Friday. The stock has a market capitalization of $27.48 million, a price-to-earnings ratio of 21.56 and a beta of 0.53. Mexco Energy has a 1-year low of $9.02 and a 1-year high of $16.52. The company has a 50 day moving average price of $12.02 and a 200 day moving average price of $11.96.
Mexco Energy (NYSE:MXC – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter. Mexco Energy had a return on equity of 6.70% and a net margin of 17.77%. The business had revenue of $1.73 million during the quarter.
Institutional Investors Weigh In On Mexco Energy
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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