Contango Oil & Gas (NYSEAMERICAN:MCF) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 602,614 shares, a growth of 11.0% from the February 15th total of 542,725 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily volume of 225,431 shares, the days-to-cover ratio is currently 2.7 days.
Shares of Contango Oil & Gas (NYSEAMERICAN MCF) opened at $3.42 on Friday. The company has a market cap of $87.24, a price-to-earnings ratio of -2.92 and a beta of 1.87. Contango Oil & Gas has a one year low of $2.22 and a one year high of $8.19.
Contango Oil & Gas (NYSEAMERICAN:MCF) last posted its quarterly earnings data on Friday, March 9th. The oil and natural gas company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.05). The firm had revenue of $20.02 million for the quarter, compared to analysts’ expectations of $19.38 million. Contango Oil & Gas had a negative return on equity of 11.98% and a negative net margin of 36.73%.
A number of analysts have commented on MCF shares. Royal Bank of Canada restated a “buy” rating and set a $6.00 price target on shares of Contango Oil & Gas in a research note on Monday, November 13th. Seaport Global Securities upgraded shares of Contango Oil & Gas from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Zacks Investment Research lowered shares of Contango Oil & Gas from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. Finally, Ladenburg Thalmann Financial Services lowered shares of Contango Oil & Gas from a “buy” rating to a “neutral” rating and set a $4.00 price target for the company. in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $6.67.
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Contango Oil & Gas Company Profile
Contango Oil & Gas Company (Contango) is an independent oil and natural gas company. The Company is engaged in the exploration, development, exploitation and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico (GOM) and Rocky Mountain regions of the United States.
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