Mexco Energy (NYSE:MXC) Earns Hold Rating from Analysts at StockNews.com
by Amy Steele · The Cerbat GemStockNews.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
An institutional investor recently bought a new position in Mexco Energy stock. Meixler Investment Management Ltd. acquired a new position in shares of Mexco Energy Co. (NYSE:MXC – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,616 shares of the company’s stock, valued at approximately $236,000. Meixler Investment Management Ltd. owned 1.13% of Mexco Energy at the end of the most recent quarter. 5.89% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than Mexco Energy
- How to Start Investing in Real Estate
- NVIDIA’s AI Dominance: Why Analysts Predict Major Upside Ahead
- ETF Screener: Uses and Step-by-Step Guide
- These Stocks Are Using Buybacks to Unlock Big Gains for Investors
- How to Invest in Blue Chip Stocks
- This Is the Entry Into PepsiCo You’ve Been Waiting For