Mexco Energy Reports Increased Revenues Amid Oil Price Drop
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Mexco Energy Corporation reported a net income of $565,457 for the first half of 2025, with a 2% increase in operating revenues despite a 17% decline in average oil prices. The company plans to drill 47 wells at a cost of $1 million for the fiscal year ending March 31, 2026. Analysts rate MXC stock as a Buy with a $10.50 price target, citing strong profitability and financial stability. The current market cap is $19.44 million, with a technical sentiment signal indicating a Sell.
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