Contango Oil & Gas (NYSEAMERICAN:MCF) was downgraded by stock analysts at Ladenburg Thalmann Financial Services from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, Marketbeat reports. They currently have a $4.00 target price on the oil and natural gas company’s stock. Ladenburg Thalmann Financial Services’ price objective would indicate a potential upside of 29.87% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on MCF. Royal Bank of Canada restated a “buy” rating and issued a $6.00 target price on shares of Contango Oil & Gas in a research report on Monday, November 13th. Seaport Global Securities upgraded Contango Oil & Gas from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.67.
Shares of Contango Oil & Gas (NYSEAMERICAN:MCF) traded down $0.18 during mid-day trading on Friday, reaching $3.08. The company had a trading volume of 820,006 shares, compared to its average volume of 593,909. Contango Oil & Gas has a 1-year low of $2.22 and a 1-year high of $9.60. The company has a market cap of $74.23, a price-to-earnings ratio of -2.63 and a beta of 1.67.
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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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