Last $7.18 USD
Change Today -0.02 / -0.28%
Volume 6.3K
As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

mexco energy corp (MXC) Snapshot

Open
$7.18
Previous Close
$7.20
Day High
$7.44
Day Low
$7.01
52 Week High
03/10/14 - $11.14
52 Week Low
07/29/13 - $5.23
Market Cap
14.6M
Average Volume 10 Days
27.7K
EPS TTM
$0.18
Shares Outstanding
2.0M
EX-Date
--
P/E TM
39.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for MEXCO ENERGY CORP (MXC)

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mexco energy corp (MXC) Details

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 interests in and operates 18 producing wells and 1 water injection well; and partial interests in an additional 3,269 producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, and North Dakota. As of March 31, 2013, the company’s total estimated proved reserves were approximately 7.844 billion cubic feet of natural gas and 366,000 barrels of oil and natural gas liquids. It also had interests in 29.3 net oil and gas wells, and owned leasehold interests in approximately 3,942 net acres. The company was formerly known as Miller Oil Company and changed its name to Mexco Energy Corporation in April 1980. Mexco Energy Corporation was founded in 1972 and is based in Midland, Texas.

3 Employees
Last Reported Date: 06/25/14
Founded in 1972

mexco energy corp (MXC) Top Compensated Officers

President, Chief Financial Officer, Treasurer...
Total Annual Compensation: $208.3K
Vice President and Corporate Secretary
Total Annual Compensation: $6.0K
Compensation as of Fiscal Year 2014.

mexco energy corp (MXC) Key Developments

Mexco Energy Corporation Appoints Michael J. Banschbach to Board of Directors, Effective July 1, 2014

On June 25, 2014, the board of directors of Mexco Energy Corporation appointed Michael J. Banschbach to the board effective July 1, 2014. Mr. Banschbach is expected to stand for election at the 2014 Annual Meeting of Shareholders on September 9, 2014 for a term of one year.

Mexco Energy Corporation Reports Consolidated Earnings Results for the Full Year Ended March 31, 2014

Mexco Energy Corporation reported consolidated earnings results for the full year ended March 31, 2014. For the year, total operating Revenue was $4,041,941,000 against $3,096,415,000 a year ago. Operating income was $477,340,000 against operating loss of $154,275,000 a year ago. Earnings before provision for income taxes were $312,863,000 against loss before provision for income taxes of $207,878,000 a year ago. Net income was $301,113,000 or $0.15 per basic and diluted share against net loss of $176,374,000 or $0.09 per basic and diluted share a year ago.

Mexco Energy Corporation Announces Drilling of Certain Properties in the Permian Basin of West Texas

Mexco Energy Corporation announced the drilling of certain properties in the Permian Basin of West Texas. The company is participating as a working interest owner in a joint venture drilling four vertical development wells to a depth of 11,000 feet on 160 acre spacing in the Dean, Wolfcamp, Cline and Atoka formations on 640 acres in Reagan County, Texas. Initial per day production rates from two of these wells respectively are 128 barrels of oil and 110,000 cubic feet of natural gas and 94 barrels of oil and 179,000 cubic feet of natural gas. Mexco's working interest in this joint venture is 0.3% (0.24% net revenue interest). These wells will hold the deep rights for further development by horizontal drilling. The Wolfcamp formation in this area is an approximately 1,700 feet thick section consisting of interbedded organic shales and carbonates and includes two reservoir units, the 'A' and 'B' benches that have both been successfully developed with horizontal wells.

 

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MXC

Industry Average

Valuation MXC Industry Range
Price/Earnings 48.7x
Price/Sales 3.6x
Price/Book 1.1x
Price/Cash Flow 10.1x
TEV/Sales 3.0x
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