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Last $5.01 USD
Change Today +0.01 / 0.20%
Volume 2.0K
MXC On Other Exchanges
Symbol
Exchange
NYSE Amex
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

mexco energy corp (MXC) Snapshot

Open
$5.09
Previous Close
$5.00
Day High
$5.09
Day Low
$5.00
52 Week High
06/19/14 - $10.78
52 Week Low
01/23/15 - $4.28
Market Cap
10.2M
Average Volume 10 Days
5.1K
EPS TTM
$-0.03
Shares Outstanding
2.0M
EX-Date
--
P/E TM
--
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 Production Results of Two New Wells

Mexco Energy Corporation announced production results of two new wells in the Two Georges (Bone Spring) formation in Loving County, Texas. The first of these horizontal wells, operated by Energen Resources Corporation, produced at an average rate of approximately 266 barrels of oil and 919,000 cubic feet of natural gas per day, during the month of February 2015. The second of these two wells had an initial potential test over 24 hours of 296 barrels of oil 894,000 cubic feet of gas with flowing tubing pressure of 3,050 pounds per square inch. The results are not necessarily indicative of future rates of production or reserves. These two wells are the second and third of three. Also, Mexco announced the addition of interests in two recently drilled and completed oil wells. A third well is in the process of being completed. These two new wells initially produced respectively at rates of 51 and 49 barrels of oil per day in which Mexco owns a 12.5% (approximately 10% net revenue interest) non-operated working interests. Now eight wells are producing on 20-acre spacing with one additional proven undeveloped location at approximately 3,600 foot depth in the 190 acres in Pecos County, Texas. The company currently expects to participate in the drilling and completion of 15 horizontal and one vertical well at an estimated aggregate cost of approximately $722,000 for the fiscal year ended March 31, 2016. The operators of these wells include Apache Corporation, Bold Energy III, LLC, Concho Resources Inc., Endurance Resources, LLC, QEP Resources Inc. and XTO Energy Inc.

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.

 

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Valuation MXC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.7x
Price/Book 0.8x
Price/Cash Flow 8.6x
TEV/Sales 1.2x
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