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Jul 01, 2022
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Mexco Energy (MXC, $16.15) posts fiscal 2022 results

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.

Related Ticker: MXC

Contributor

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.


MXC's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for MXC turned positive on October 27, 2026. Looking at past instances where MXC's MACD turned positive, the stock continued to rise in 43 of 51 cases over the following month. The odds of a continued upward trend are 84%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 26, 2026. You may want to consider a long position or call options on MXC as a result. In 94 of 116 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 81%.

Following a +4.51% 3-day Advance, the price is estimated to grow further. Considering data from situations where MXC advanced for three days, in 184 of 222 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.

MXC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 42 of 53 cases where MXC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 79%.

MXC moved below its 50-day moving average on October 29, 2026 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for MXC crossed bearishly below the 50-day moving average on October 12, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 78%.

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 50 of 62 cases within the following month. The odds of a continued downward trend are 70%.

The Aroon Indicator for MXC entered a downward trend on October 21, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is 26 (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 Valuation Rating of 40 (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 (0.997) is normal, around the industry mean (3.876). P/E Ratio (13.026) is within average values for comparable stocks, (4.118). Projected Growth (PEG Ratio) (0.070) is also within normal values, averaging (1.958). Dividend Yield (0.040) settles around the average of (0.045) among similar stocks. P/S Ratio (3.372) is also within normal values, averaging (5.980).

The Tickeron Price Growth Rating for this company is 46 (best 1 - 100 worst), indicating fairly steady price growth. MXC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is 76 (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.

The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MXC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock worse than average.

Notable companies

The most notable companies in this group are ConocoPhillips (NYSE:COP), Canadian Natural Resources Limited (NYSE:CNQ), EOG Resources (NYSE:EOG), Occidental Petroleum Corp (NYSE:OXY), Diamondback Energy (NASDAQ:FANG), Devon Energy Corp (NYSE:DVN), EQT Corp (NYSE:EQT), Expand Energy Corporation (NASDAQ:EXE), APA Corp (NASDAQ:APA), ANTERO RESOURCES Corp (NYSE:AR).

Industry description

The oil and gas production segment includes companies that specialize in exploration, development, and production of oil and natural gas. These companies are focused on upstream operations. Companies typically identify deposits, drill wells, and extract raw materials from underground. The industry also includes related services like rig operations, feasibility studies, machinery rentals etc. Several operators in this industry work with various types of contractors such as engineering procurement and construction contractors, as well as with joint-venture partners and oil field service companies. Oil and gas often involves large fixed costs of production; so, declining crude oil prices, for example, is a potential negative for this industry. Conoco Phillips, EOG Resources, Inc. and Pioneer Natural Resources Company are some examples of companies operating in this space.

Market Cap

The average market capitalization across the Oil & Gas Production Industry is 11.24B. The market cap for tickers in the group ranges from 100 to 185.04B. COP holds the highest valuation in this group at 185.04B. The lowest valued company is HKEB at 100.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Production Industry was -1%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was -1%. RRC experienced the highest price growth at 20%, while EONR experienced the biggest fall at -31%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Production Industry was -8%. For the same stocks of the Industry, the average monthly volume growth was 5% and the average quarterly volume growth was -12%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 58
Price Growth Rating: 45
SMR Rating: 71
Profit Risk Rating: 70
Seasonality Score: -50 (-100 ... +100)
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General Information

a company which explores, develops and produces oil and gas properties

Industry OilGasProduction

Industry
Oil And Gas Production
Address
415 West Wall Street
Phone
+1 432 682-1119
Employees
4
Web
https://www.mexcoenergy.com
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