Mexco Energy (MXC, $16.15) posts fiscal 2022 results
Mexco Energy Corporation posted net income of $1.36 per diluted share, for fiscal year 2022, compared to $0.08 per diluted share for fiscal 2021.
Operating revenues in fiscal 2022 rose +135% to $6,587,780, on the back of 22% increase in barrels of oil equivalent (BOE) production and a 93% increase in BOE prices.
The Company was engaged in the drilling of 40 wells consisting of 36 horizontal wells and 4 vertical wells at a cost of around $1,275,000 for the fiscal year ending March.
Mexco’s estimated proved oil reserves at March 31, 2022 climbed +10% to 809 thousand barrels of oil and natural gas liquids, and natural gas reserves was up 5% to 4.842 billion cubic feet over the prior fiscal year.
MXC in downward trend: price dove below 50-day moving average on November 15, 2024
MXC moved below its 50-day moving average on November 15, 2024 date and that indicates a change from an upward trend to a downward trend. In of 67 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MXC as a result. In of 123 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MXC turned negative on November 27, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MXC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for MXC entered a downward trend on December 20, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
MXC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.408) is normal, around the industry mean (4.456). P/E Ratio (12.852) is within average values for comparable stocks, (19.649). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.566). Dividend Yield (0.000) settles around the average of (0.084) among similar stocks. P/S Ratio (3.628) is also within normal values, averaging (158.142).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MXC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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General Information
a company which explores, develops and produces oil and gas properties
Industry OilGasProduction