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.
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.
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