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

StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the stock.

Mexco Energy Stock Down 5.3 %

Shares of MXC opened at $12.61 on Friday. The stock has a 50 day moving average price of $11.06 and a 200 day moving average price of $10.93. The company has a market capitalization of $26.38 million, a price-to-earnings ratio of 14.01 and a beta of 0.69. Mexco Energy has a 52-week low of $9.02 and a 52-week high of $16.52.

Mexco Energy (NYSE:MXC) last posted its earnings results on Friday, February 9th. The company reported $0.16 EPS for the quarter. Mexco Energy had a return on equity of 11.61% and a net margin of 28.37%. The business had revenue of $1.66 million for the quarter.

Insider Buying and Selling at Mexco Energy

In other news, President Tammy Mccomic sold 6,606 shares of Mexco Energy 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 transaction, the president now directly owns 59,859 shares of the company’s stock, valued at approximately $809,293.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 9,447 shares of company stock worth $127,063. 51.02% of the stock is owned by insiders.

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.