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

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

Mexco Energy Stock Performance

MXC opened at $11.50 on Friday. Mexco Energy has a twelve month low of $9.02 and a twelve month high of $16.52. The firm has a market cap of $23.53 million, a price-to-earnings ratio of 20.18 and a beta of 0.54. The firm’s 50-day simple moving average is $12.07 and its 200-day simple moving average is $11.87.

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.