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

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

Mexco Energy Stock Performance

Shares of MXC opened at $10.65 on Friday. Mexco Energy has a fifty-two week low of $9.02 and a fifty-two week high of $16.52. The firm’s 50-day simple moving average is $11.69 and its two-hundred day simple moving average is $11.81. The stock has a market cap of $21.79 million, a PE ratio of 18.68 and a beta of 0.54.

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.