Contango Oil & Gas (NASDAQ:MCF) Trading Down 6.8%

Contango Oil & Gas Company (NASDAQ:MCF) shares fell 6.8% during trading on Monday . The company traded as low as $2.21 and last traded at $2.32, 8,506 shares were traded during trading. A decline of 96% from the average session volume of 198,778 shares. The stock had previously closed at $2.49.

Separately, Roth Capital raised shares of Contango Oil & Gas from a “sell” rating to a “neutral” rating in a research report on Tuesday, September 24th.

Contango Oil & Gas (NASDAQ:MCF) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.12). The company had revenue of $12.76 million for the quarter, compared to analyst estimates of $14.53 million.

Contango Oil & Gas Company Profile (NASDAQ:MCF)

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, 2018, it had proved reserves of approximately 131.9 billion cubic feet equivalent, including 54.2 billion cubic feet of natural gas, 9.4 million barrels of crude oil and condensate, and 3.5 million barrels of natural gas liquids.

Read More: Diluted Earnings Per Share

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