Contango Oil & Gas (NYSEAMERICAN:MCF) Stock Price Down 6.9%

Contango Oil & Gas (NYSEAMERICAN:MCF) shares traded down 6.9% during trading on Monday . The stock traded as low as $3.61 and last traded at $3.64. 2,494 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 1,255,295 shares. The stock had previously closed at $3.91.

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

The stock’s fifty day moving average price is $2.11. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $770.64 million, a price-to-earnings ratio of -9.85 and a beta of 2.40.

A number of large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. bought a new position in shares of Contango Oil & Gas in the first quarter worth about $27,000. Clarus Group Inc. bought a new position in shares of Contango Oil & Gas in the first quarter worth about $37,000. Horizon Kinetics Asset Management LLC bought a new position in shares of Contango Oil & Gas in the first quarter worth about $39,000. Sargent Investment Group LLC bought a new position in shares of Contango Oil & Gas in the second quarter worth about $43,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Contango Oil & Gas in the second quarter worth about $44,000. 25.92% of the stock is owned by institutional investors and hedge funds.

Contango Oil & Gas Company Profile (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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