Contango Oil & Gas (NYSEAMERICAN:MCF – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $3.22 and traded as high as $3.37. Contango Oil & Gas shares last traded at $3.22, with a volume of 3,621,000 shares changing hands.
Contango Oil & Gas Stock Up 3.5%
The firm’s 50-day moving average is $3.22 and its 200 day moving average is $3.22. The stock has a market cap of $648.31 million, a price-to-earnings ratio of -7.67 and a beta of 2.02. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.45 and a quick ratio of 0.44.
Contango Oil & Gas Company Profile
Contango Oil & Gas Company was an independent oil and natural gas exploration and production company. Its activities included acquiring, developing, producing and operating oil and natural gas properties, with associated production of natural gas liquids.
The company’s operations were focused primarily on properties in the Gulf of Mexico and onshore areas of the southern United States, including Texas and Louisiana. Contango pursued development opportunities in mature producing regions as well as exploration and acquisition opportunities designed to expand its reserves and production base.
In 2021, Contango combined with Independence Energy to form Crescent Energy Company.
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