Contango Oil & Gas (NYSEAMERICAN:MCF) Shares Up 7.5%

Contango Oil & Gas (NYSEAMERICAN:MCF)’s share price shot up 7.5% during trading on Monday . The company traded as high as $3.92 and last traded at $3.87. 9,162 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 1,249,160 shares. The stock had previously closed at $3.60.

Separately, Stephens lowered Contango Oil & Gas from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 26th.

The business’s 50 day moving average price is $2.11. The company has a market capitalization of $744.55 million, a PE ratio of -9.51 and a beta of 2.40. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.12.

Several large investors have recently bought and sold shares of MCF. Russell Investments Group Ltd. acquired a new stake in Contango Oil & Gas during the 1st quarter worth approximately $27,000. Clarus Group Inc. bought a new stake in Contango Oil & Gas during the 1st quarter worth $37,000. Horizon Kinetics Asset Management LLC acquired a new position in Contango Oil & Gas during the 1st quarter worth about $39,000. Sargent Investment Group LLC acquired a new position in Contango Oil & Gas during the 2nd quarter worth about $43,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Contango Oil & Gas during the 2nd quarter worth about $44,000. Institutional investors and hedge funds own 25.92% of the company’s stock.

About Contango Oil & Gas (NYSEAMERICAN:MCF)

Contango Oil & Gas Co is an oil and natural gas company. The firm engages in the exploration, development, production and acquisition of crude oil and natural gas properties. Its operation focuses in Permian Basin, South Texas, Southeast Texas East Texas, Wyoming, and Gulf of Mexico. The company was founded by Kenneth R.

Further Reading: Why Invest in High-Yield Dividend Stocks?

Receive News & Ratings for Contango Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Contango Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.