Last $4.61 USD
Change Today 0.00 / 0.00%
Volume 27.0
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

mexco energy corp (MXC) Snapshot

Open
$4.61
Previous Close
$4.61
Day High
$4.61
Day Low
$4.61
52 Week High
03/10/14 - $11.14
52 Week Low
01/23/15 - $4.28
Market Cap
9.4M
Average Volume 10 Days
8.7K
EPS TTM
$0.08
Shares Outstanding
2.0M
EX-Date
--
P/E TM
54.4x
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, is engaged 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 16 producing wells and 1 water injection well; and partial interests in an additional 3,383 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, 2014, the company’s total estimated proved reserves were approximately 6.259 billion cubic feet of natural gas and 501,500 barrels of oil and natural gas liquids. It also had interests in 31.5 net oil and gas wells, and owned leasehold mineral and royalty interests in approximately 4,457 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 Announces Purchase of Natural Gas Properties

Mexco Energy Corporation announced the purchase of various non-operated working interests at a price of $840,000 covering 70 wells in 5 counties of Oklahoma. These and other expenditures have been funded through cash flow and bank borrowings on Mexco's line of credit which totals $5,750,000 to date.

Mexco Energy Corporation Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended September 30, 2014

Mexco Energy Corporation reported unaudited consolidated earnings and production results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported total operating revenues of $1,006,099 against $1,121,446 a year ago. Operating profit was $60,128 against $212,368 a year ago. Earnings before provision for income taxes were $95,734 against $134,976 a year ago. Net income was $86,256 against $194,051 a year ago. Basic and diluted earnings per share were $0.04 against $0.10 a year ago. For the six months, the company reported total operating revenues of $2,023,932 against $2,117,971 a year ago. Operating profit was $111,198 against $282,837 a year ago. Earnings before provision for income taxes were $97,407 against $157,925 a year ago. Net income was $105,310 against $210,182 a year ago. Basic and diluted earnings per share were $0.05 against $0.10 a year ago. For the quarter, the average sales price was $7.26 per Mcfe compared to $7.84 per Mcfe for the quarter ending September 30, 2013, a decrease of 7%. Oil production increased 3% and gas production decreased 7% during the second quarter of fiscal 2015 as compared to the second quarter of fiscal 2014. For the six months, the average sales price was $7.54 per Mcfe compared to $7.54 per Mcfe for the six months ended September 30, 2013. Oil production increased 1% and gas production decreased 7% as compared to the same period of fiscal 2014.

Mexco Energy Corporation Announces Purchase of Oil and Gas Properties; Appoints Christopher M. Schroeder to Board of Directors, Membership on the Audit, Compensation and Nominating Committees, Effective November 1, 2014

Mexco Energy Corporation announced the purchase of various royalty interests at a price of $1,000,000 covering approximately 1,800 wells in 27 counties of Texas. Of these oil and gas reserves, approximately 77% is natural gas and 23% oil. The company believes that there is potential for further development of a number of these royalties especially through horizontal and vertical drilling and fracturing. These royalty interests are free of expenses to the company for drilling and operations. Also the company announced the purchase for $525,000; 12.5% (approximately 10% net revenue interest) long lived non-operated working interests. Six wells are producing oil from the Lower Tubb formation in Pecos County, Texas. These wells are on 20-acre spacing with four additional proven undeveloped locations at approximately 3,600 foot depth on the 190 acres. The operator has agreed to pay for the drilling and completion costs of one additional well and fracture treatment of one of the existing wells, as well as pay all operating expenses of all wells on these leases. In addition, the company will receive 100% of the gross disposal fees from one disposal well located on these properties paid by an adjacent operator. The company would be responsible for payment of the cost of drilling and completion on the balance of any development wells. Also, the company reported the Board of Directors appointed Christopher M. Schroeder to the company's Board of Directors as well as to membership on the Audit, Compensation and Nominating Committees effective November 1, 2014. Mr. Schroeder is expected to stand for election at the 2015 Annual Meeting of Shareholders on September 15, 2015 for a term of one year. Currently, Mr. Schroeder is an adviser to Silicon Valley venture capital firms. He serves on several academic and global boards including The American University of Cairo School of Business, The American University School of International Service, and The American Council on Germany, among others.

 

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Valuation MXC Industry Range
Price/Earnings 48.2x
Price/Sales 2.4x
Price/Book 0.7x
Price/Cash Flow 6.8x
TEV/Sales 1.7x
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