Contango Oil & Gas (MCF) Hits New 52-Week Low at $2.54
Contango Oil & Gas (NYSEAMERICAN:MCF)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.54 and last traded at $2.60, with a volume of 252404 shares traded. The stock had previously closed at $2.66.
MCF has been the topic of a number of research reports. Zacks Investment Research cut Contango Oil & Gas from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. Roth Capital cut Contango Oil & Gas from a “buy” rating to a “neutral” rating in a report on Tuesday, February 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $5.60.
Contango Oil & Gas (NYSEAMERICAN:MCF) last released its quarterly earnings results on Monday, March 18th. The oil and natural gas company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.09. The firm had revenue of $18.69 million during the quarter, compared to analyst estimates of $18.02 million.
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Contango Oil & Gas Company Profile (NYSEAMERICAN:MCF)
Contango Oil & Gas Company, an independent oil and natural gas company, acquires, explores, develops, exploits, and produces crude oil and natural gas properties in the shallow waters of the Gulf of Mexico and onshore properties in Texas and Wyoming in the United States. As of December 31, 2018, it had proved reserves of approximately 131.9 billion cubic feet equivalent, including 54.2 billion cubic feet of natural gas, 9.4 million barrels of crude oil and condensate, and 3.5 million barrels of natural gas liquids.
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