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Equities research analysts at Brean Capital increased their price objective on shares of Contango Oil & Gas Co. (NYSE:MCF) from $52.00 to $53.00 in a research note issued to investors on Monday. Brean Capital’s price target points to a potential upside of 35.20% from the company’s current price.

Shares of Contango Oil & Gas Co. (NYSE:MCF) traded up 0.56% during mid-day trading on Monday, hitting $39.20. The stock had a trading volume of 76,072 shares. Contango Oil & Gas Co. has a 52 week low of $35.10 and a 52 week high of $50.44. The stock’s 50-day moving average is $41.36 and its 200-day moving average is $44.72. The company has a market cap of $759.1 million and a P/E ratio of 24.45.

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 $3.03 EPS for the current fiscal year.

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

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