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

StockNews.com assumed coverage on shares of Mexco Energy (NYSE:MXC) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the stock.

Mexco Energy Stock Performance

MXC stock opened at $11.28 on Friday. Mexco Energy has a one year low of $9.02 and a one year high of $16.52. The company has a market capitalization of $23.08 million, a PE ratio of 19.79 and a beta of 0.54. The company’s 50 day moving average price is $11.67 and its two-hundred day moving average price is $11.81.

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.