Shares of Contango Oil & Gas Co. (NYSEMKT:MCF) have been given an average rating of “Hold” by the seven brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $12.20.

Separately, Zacks Investment Research lowered shares of Contango Oil & Gas Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th.

Shares of Contango Oil & Gas Co. (NYSEMKT:MCF) opened at 10.66 on Monday. Contango Oil & Gas Co. has a 12 month low of $3.68 and a 12 month high of $14.14. The company’s market cap is $262.61 million. The firm’s 50 day moving average is $9.96 and its 200 day moving average is $11.22.

Contango Oil & Gas Co. (NYSEMKT:MCF) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by $0.56. The company had revenue of $19.36 million for the quarter, compared to analyst estimates of $21.23 million. On average, equities analysts predict that Contango Oil & Gas Co. will post ($1.92) earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. BlackRock Group LTD raised its position in shares of Contango Oil & Gas Co. by 12.6% in the second quarter. BlackRock Group LTD now owns 11,088 shares of the company’s stock worth $136,000 after buying an additional 1,240 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Contango Oil & Gas Co. by 2.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 12,399 shares of the company’s stock worth $152,000 after buying an additional 267 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Contango Oil & Gas Co. during the first quarter worth approximately $147,000. American International Group Inc. raised its position in shares of Contango Oil & Gas Co. by 0.5% in the second quarter. American International Group Inc. now owns 13,213 shares of the company’s stock worth $162,000 after buying an additional 66 shares during the period. Finally, Allianz Asset Management AG acquired a new position in shares of Contango Oil & Gas Co. during the second quarter worth approximately $206,000.

Contango Oil & Gas Co. 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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