Brokerages expect Contango Oil & Gas Company (NASDAQ:MCF) to report earnings per share of ($0.22) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Contango Oil & Gas’ earnings, with the lowest EPS estimate coming in at ($0.22) and the highest estimate coming in at ($0.21). Contango Oil & Gas reported earnings per share of ($0.18) during the same quarter last year, which indicates a negative year-over-year growth rate of 22.2%. The company is expected to issue its next earnings results on Friday, May 3rd.

According to Zacks, analysts expect that Contango Oil & Gas will report full year earnings of ($0.80) per share for the current fiscal year, with EPS estimates ranging from ($1.00) to ($0.48). For the next financial year, analysts forecast that the business will post earnings of ($0.67) per share, with EPS estimates ranging from ($0.93) to ($0.40). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Contango Oil & Gas.

Separately, Roth Capital cut shares of Contango Oil & Gas from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 12th.

NASDAQ MCF traded up $0.03 during trading hours on Monday, reaching $3.25. 32,300 shares of the company’s stock traded hands, compared to its average volume of 116,253. Contango Oil & Gas has a 52-week low of $2.72 and a 52-week high of $7.32.

Contango Oil & Gas Company Profile

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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