StockNews.com Initiates Coverage on Mexco Energy (NYSE:MXC)

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

Mexco Energy Stock Down 3.1 %

MXC stock opened at $11.12 on Friday. The firm has a market cap of $22.75 million, a price-to-earnings ratio of 19.51 and a beta of 0.54. The company’s fifty day simple moving average is $12.10 and its 200 day simple moving average is $11.87. Mexco Energy has a 12-month low of $9.02 and a 12-month high of $16.52.

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.