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

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

Mexco Energy Stock Performance

MXC opened at $12.40 on Friday. The firm’s fifty day moving average is $11.28 and its two-hundred day moving average is $10.95. The firm has a market cap of $25.92 million, a PE ratio of 13.78 and a beta of 0.69. Mexco Energy has a twelve month low of $9.02 and a twelve month high of $16.52.

Mexco Energy (NYSE:MXC) last posted its earnings results on Friday, February 9th. The company reported $0.16 earnings per share for the quarter. The company 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%.

Insiders Place Their Bets

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

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.