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

Equities research analysts at StockNews.com started coverage on shares of Mexco Energy (NYSE:MXC) in a report released on Saturday. The firm set a “hold” rating on the stock.

Mexco Energy Trading Up 2.6 %

NYSE:MXC opened at $11.20 on Friday. The company has a market capitalization of $22.96 million, a P/E ratio of 19.65 and a beta of 0.54. Mexco Energy has a 12 month low of $9.02 and a 12 month high of $16.52. The firm has a fifty day simple moving average of $11.85 and a 200-day simple moving average of $11.84.

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.