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Investment analysts at Brean Capital assumed coverage on shares of Contango Oil & Gas Co. (NYSE:MCF) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $52.00 price target on the stock. Brean Capital’s target price suggests a potential upside of 22.73% from the company’s current price.

Contango Oil & Gas Co. (NYSE:MCF) traded down 0.76% during mid-day trading on Wednesday, hitting $42.05. 48,435 shares of the company’s stock traded hands. Contango Oil & Gas Co. has a 52-week low of $34.40 and a 52-week high of $50.44. The stock’s 50-day moving average is $42.13 and its 200-day moving average is $45.19. The company has a market cap of $814.3 million and a P/E ratio of 26.58.

Contango Oil & Gas Co. (NYSE:MCF) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.37. Analysts expect that Contango Oil & Gas Co. will post $3.40 EPS for the current fiscal year.

Contango Oil & Gas Company (NYSE:MCF) is an independent natural gas and oil company.

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