Contango Oil & Gas (MCF) Set to Announce Earnings on Monday

Contango Oil & Gas (NYSEAMERICAN:MCF) will release its earnings data after the market closes on Monday, March 18th. Analysts expect Contango Oil & Gas to post earnings of ($0.20) per share for the quarter.

MCF stock opened at $3.44 on Friday. Contango Oil & Gas has a 12-month low of $2.72 and a 12-month high of $7.32.

In other news, Director John C. Goff bought 99,310 shares of the business’s stock in a transaction on Monday, December 24th. The shares were bought at an average price of $2.88 per share, with a total value of $286,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Goff bought 30,000 shares of the business’s stock in a transaction on Wednesday, December 26th. The stock was purchased at an average cost of $2.96 per share, for a total transaction of $88,800.00. The disclosure for this purchase can be found here.

Several research analysts have recently weighed in on the company. Roth Capital cut Contango Oil & Gas from a “buy” rating to a “neutral” rating in a report on Tuesday, February 12th. SunTrust Banks set a $4.00 price objective on Contango Oil & Gas and gave the company a “hold” rating in a report on Tuesday, November 27th. Finally, Zacks Investment Research cut Contango Oil & Gas from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Contango Oil & Gas presently has an average rating of “Hold” and an average target price of $5.60.

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About Contango Oil & Gas

Contango Oil & Gas Company, an independent oil and natural gas company, acquires, explores, develops, exploits, and produces crude oil and natural gas properties in the shallow waters of the Gulf of Mexico and onshore properties in Texas and Wyoming in the United States. As of December 31, 2017, it had proved reserves of approximately 189.3 billion cubic feet equivalent, including 91.7 billion cubic feet of natural gas, 10.6 million barrels of crude oil and condensate, and 5.6 million barrels of natural gas liquids.

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Earnings History for Contango Oil & Gas (NYSEAMERICAN:MCF)

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