Contango Oil & Gas Company (NYSEMKT:MCF) was downgraded by analysts at National Securities from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Contango Oil & Gas Company from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Tuesday, March 21st. Royal Bank of Canada set a $13.00 target price on Contango Oil & Gas Company and gave the company a “buy” rating in a research note on Thursday, April 20th.

Shares of Contango Oil & Gas Company (NYSEMKT:MCF) opened at 7.20 on Monday. The firm’s market cap is $181.76 million. Contango Oil & Gas Company has a 52 week low of $5.62 and a 52 week high of $14.14. The firm has a 50-day moving average price of $7.40 and a 200-day moving average price of $8.17.

Contango Oil & Gas Company (NYSEMKT:MCF) last posted its quarterly earnings results on Wednesday, March 15th. The oil and natural gas company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.25) by $0.17. The company had revenue of $21.66 million during the quarter, compared to the consensus estimate of $19.68 million. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($5.85) EPS. On average, equities research analysts predict that Contango Oil & Gas Company will post ($0.62) earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its position in Contango Oil & Gas Company by 7.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,140 shares of the oil and natural gas company’s stock valued at $113,000 after buying an additional 880 shares during the last quarter. State of Tennessee Treasury Department boosted its position in Contango Oil & Gas Company by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 21,021 shares of the oil and natural gas company’s stock valued at $154,000 after buying an additional 3,172 shares during the last quarter. Comerica Bank boosted its position in Contango Oil & Gas Company by 2.6% in the first quarter. Comerica Bank now owns 24,677 shares of the oil and natural gas company’s stock valued at $185,000 after buying an additional 629 shares during the last quarter. Mraz Amerine & Associates Inc. purchased a new position in Contango Oil & Gas Company during the third quarter valued at $186,000. Finally, Wells Fargo & Company MN boosted its position in Contango Oil & Gas Company by 53.0% in the third quarter. Wells Fargo & Company MN now owns 18,380 shares of the oil and natural gas company’s stock valued at $188,000 after buying an additional 6,366 shares during the last quarter.

About Contango Oil & Gas Company

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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