Contango Oil & Gas Co. Short Interest Up 8.8% in August (MCF)
Contango Oil & Gas Co. (NYSE:MCF) saw a significant growth in short interest in August. As of August 15th, there was short interest totalling 1,063,805 shares, a growth of 8.8% from the July 31st total of 977,742 shares, Analyst Ratings Net reports. Based on an average daily volume of 185,062 shares, the short-interest ratio is currently 5.7 days. Approximately 6.2% of the shares of the stock are short sold.
MCF has been the subject of a number of recent research reports. Analysts at Brean Capital raised their price target on shares of Contango Oil & Gas Co. from $52.00 to $53.00 in a research note on Monday, July 21st.
Shares of Contango Oil & Gas Co. (NYSE:MCF) opened at 41.00 on Wednesday. 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 $40.15 and its 200-day moving average is $43.8. The company has a market cap of $794.6 million and a price-to-earnings ratio of 35.83.
Contango Oil & Gas Co. (NYSE:MCF) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.35. On average, analysts predict that Contango Oil & Gas Co. will post $0.72 earnings per share for the current fiscal year.
Contango Oil & Gas Company (NYSE:MCF) is an independent natural gas and oil company.
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