Contango Oil & Gas Company (MCF) to Release Earnings on Tuesday
Contango Oil & Gas Company (NYSEMKT:MCF) is scheduled to release its earnings data after the market closes on Tuesday, October 31st.
Contango Oil & Gas (NYSEMKT:MCF) last posted its earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.08). Contango Oil & Gas had a negative net margin of 29.76% and a negative return on equity of 10.24%. The company had revenue of $20.30 million during the quarter, compared to the consensus estimate of $20.26 million. During the same quarter in the prior year, the business earned ($0.90) EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts expect Contango Oil & Gas to post $-0.88 EPS for the current fiscal year and $-0.64 EPS for the next fiscal year.
Contango Oil & Gas Company (MCF) opened at 3.99 on Tuesday. The company’s market cap is $102.18 million. Contango Oil & Gas Company has a 12-month low of $3.97 and a 12-month high of $10.39. The stock has a 50 day moving average price of $4.60 and a 200-day moving average price of $5.92.
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MCF has been the topic of several recent research reports. ValuEngine downgraded Contango Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded Contango Oil & Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada set a $8.00 price target on Contango Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Roth Capital initiated coverage on Contango Oil & Gas in a research note on Wednesday, July 12th. They issued a “buy” rating and a $10.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Contango Oil & Gas currently has a consensus rating of “Hold” and an average price target of $10.67.
About Contango Oil & Gas
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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