Contango Oil & Gas Company Company Profile (NYSEMKT:MCF)

About Contango Oil & Gas Company

Contango Oil & Gas Company logoContango 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. The Company's properties are located in Gulf of Mexico; Madison and Grimes counties, Texas; Zavala and Dimmit counties, Texas; Weston County, Wyoming; Texas Gulf Coast, and Sublette County, Wyoming. In addition, the Company has operated properties producing from various conventional formations in various counties along the Texas Gulf Coast; operated producing properties in the Denver Julesburg Basin (DJ Basin) in Weld and Adams counties in Colorado, and operated producing properties in the Haynesville Shale, Mid Bossier and James Lime formations in East Texas.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil Gas & Consumable Fuels
  • Sub-Industry: Oil & Gas Exploration & Production
  • Exchange: NYSEMKT
  • Symbol: MCF
  • CUSIP: 21075N20
Key Metrics:
  • Previous Close: $8.14
  • 50 Day Moving Average: $8.43
  • 200 Day Moving Average: $9.32
  • 52-Week Range: $5.03 - $14.14
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -15.96
  • P/E Growth: 0.00
  • Market Cap: $205.63M
  • Outstanding Shares: 25,262,000
  • Beta: 1.6
Additional Links:
Companies Related to Contango Oil & Gas Company:

Analyst Ratings

Consensus Ratings for Contango Oil & Gas Company (NYSEMKT:MCF) (?)
Ratings Breakdown: 1 Hold Rating, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $10.33

Analysts' Ratings History for Contango Oil & Gas Company (NYSEMKT:MCF)
Show:
DateFirmActionRatingPrice TargetDetails
11/7/2016National SecuritiesLower Price TargetBuy -> Buy$16.00 -> $14.00View Rating Details
3/23/2016SunTrust Banks, Inc.Lower Price TargetNeutral$12.00 -> $6.00View Rating Details
3/16/2016Ladenburg Thalmann Financial ServicesBoost Price TargetBuy$11.00View Rating Details
1/13/2016Seaport Global SecuritiesReiterated RatingNeutralView Rating Details
11/5/2015Royal Bank Of CanadaLower Price TargetOutperform$15.00 -> $13.00View Rating Details
11/2/2015FBR & CoReiterated RatingOutperform$11.00 -> $15.00View Rating Details
8/12/2015MLV & Co.Lower Price TargetBuy$20.00 -> $15.00View Rating Details
4/28/2015GMP SecuritiesInitiated CoverageBuy$36.00View Rating Details
(Data available from 2/23/2015 forward)

Earnings

Earnings History for Contango Oil & Gas Company (NYSEMKT:MCF)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/13/2017        
3/14/2016Q415($0.81)($5.85)$25.10 million$21.50 millionViewN/AView Earnings Details
11/3/2015Q315($0.83)($0.86)$32.78 millionViewN/AView Earnings Details
8/6/2015Q215($0.77)($1.03)$33.67 million$35.50 millionViewN/AView Earnings Details
5/11/2015Q414($0.67)($0.98)$38.27 million$30.60 millionViewN/AView Earnings Details
3/2/2015($0.05)($1.05)ViewN/AView Earnings Details
8/11/2014$0.61$0.26ViewN/AView Earnings Details
5/12/2014$0.62$0.25ViewN/AView Earnings Details
9/3/2013Q4 2013$0.75$179.27 million$127.20 millionViewN/AView Earnings Details
2/13/2013Q2 2013$0.17$53.90 million$34.90 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Contango Oil & Gas Company (NYSEMKT:MCF)
Current Year EPS Consensus Estimate: $-2.32 EPS
Next Year EPS Consensus Estimate: $-0.51 EPS

Dividends

Dividend History for Contango Oil & Gas Company (NYSEMKT:MCF)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Contango Oil & Gas Company (NYSEMKT:MCF)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/25/2016Steven L SchoonoverDirectorSell20,000$11.93$238,600.00View SEC Filing  
5/23/2016Steven L SchoonoverDirectorSell10,595$12.22$129,470.90View SEC Filing  
5/16/2016John Anthony ThomasVPSell1,164$12.87$14,980.68View SEC Filing  
5/13/2016Sergio CastroVPSell2,264$12.50$28,300.00View SEC Filing  
5/12/2016Jay S MengleSVPSell10,848$12.49$135,491.52View SEC Filing  
1/11/2016Allan D. KeelCEOSell2,105$4.16$8,756.80View SEC Filing  
1/11/2016E Joseph GradyCFOSell1,404$4.05$5,686.20View SEC Filing  
1/11/2016John Anthony ThomasVPSell948$4.05$3,839.40View SEC Filing  
3/13/2015Sergio CastroTreasurerSell1,183$22.07$26,108.81View SEC Filing  
3/13/2015Thomas H AtkinsSVPSell2,500$22.36$55,900.00View SEC Filing  
3/10/2015Ellis L MccainDirectorSell3,826$21.49$82,220.74View SEC Filing  
11/25/2014Thomas H AtkinsSVPSell2,000$37.50$75,000.00View SEC Filing  
5/29/2014Anthony Carl IsaacVPSell12,013$43.11$517,880.43View SEC Filing  
10/1/2012John B JuneauCEOBuy46,014$49.53$2,279,073.42View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Contango Oil & Gas Company (NYSEMKT:MCF)
DateHeadline
News IconBroker Changes For Contango Oil & Gas Company (MCF) (NYSEMKT:MCF)
www.graffiotech.com - February 22 at 11:38 PM
News IconKeeping Tabs on the Technicals For Contango Oil & Gas Company (AMEX:MCF) - Midway Monitor (NYSEMKT:MCF)
midwaymonitor.com - February 22 at 6:36 PM
marketrealist.com logoCushing Crude Oil Inventories’ Record Highs: Impact on Oil (NYSEMKT:MCF)
marketrealist.com - February 20 at 10:11 AM
News IconInvestor Radar: Taking a Closer Look at Contango Oil & Gas Company (AMEX:MCF) - Searcy News (NYSEMKT:MCF)
searcysentinel.com - February 17 at 2:14 PM
News IconGastar Exploration Inc. (:GST) Contango Oil & Gas Company (:MCF) Consensus Price Target Updates - Rives Journal (NYSEMKT:MCF)
rivesjournal.com - February 17 at 2:14 PM
finance.yahoo.com logoIIROC Trading Halt - MCF (NYSEMKT:MCF)
finance.yahoo.com - February 14 at 7:59 PM
News IconStock Jolted Higher, On Winner's List Today: Contango Oil & Gas Company (:MCF) - Aiken Advocate (NYSEMKT:MCF)
aikenadvocate.com - February 10 at 7:17 PM
News IconNumbers in Focus for Shares of Contango Oil & Gas Company (AMEX:MCF) - Benton Bulletin (NYSEMKT:MCF)
bentonbulletin.com - February 10 at 7:17 PM
biz.yahoo.com logoCONTANGO OIL & GAS CO Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibit (NYSEMKT:MCF)
biz.yahoo.com - February 8 at 7:14 PM
News IconContango Oil & Gas Scored Big: 12,000 Delaware Basin Acres for $5,000 per Acre (NYSEMKT:MCF)
www.oilandgas360.com - February 3 at 7:08 PM
News IconEquity Focus: Indicator Check on Shares of Contango Oil & Gas Company (MCF) - Sherwood Daily (NYSEMKT:MCF)
sherwooddaily.com - January 31 at 5:42 AM
News IconChecking the Levels on Shares of Contango Oil & Gas Company (AMEX:MCF) - The Tribune (NYSEMKT:MCF)
lakecitytribune.com - January 31 at 5:42 AM
4-traders.com logoMonday Sector Laggards: Oil & Gas Exploration & Production, Oil & Gas Equipment & Services (NYSEMKT:MCF)
www.4-traders.com - January 30 at 7:09 PM
News IconInvestor Technical Review for Contango Oil & Gas Company (MCF) - Rives Journal (NYSEMKT:MCF)
rivesjournal.com - January 28 at 11:36 PM
News IconStock Spotter: Review on Technical Levels for Contango Oil & Gas Company (MCF) - Sherwood Daily (NYSEMKT:MCF)
sherwooddaily.com - January 26 at 8:26 PM
News IconStock Seesawing as Volatility Sweeps in on Contango Oil & Gas Company (:MCF) - Wall Street Beacon (NYSEMKT:MCF)
wsbeacon.com - January 26 at 8:26 PM
News IconEnlivened Volatility Spotted in Shares of Contango Oil & Gas Company (:MCF) - Wall Street Beacon (NYSEMKT:MCF)
wsbeacon.com - January 26 at 5:54 AM
News IconValue Composite Score Update on Contango Oil & Gas Company (AMEX:MCF) - The Tribune (NYSEMKT:MCF)
lakecitytribune.com - January 24 at 7:09 PM
News IconMA Levels in Review for Contango Oil & Gas Company (MCF) - Sherwood Daily (NYSEMKT:MCF)
sherwooddaily.com - January 23 at 6:45 PM
News IconThe Advantage Oil & Gas Ltd. (AAV) PT Raised to C$11.50 (NYSEMKT:MCF)
prensariotiretail.com - January 21 at 11:14 PM
News IconNew Analyst Ratings For UK Oil & Gas Investments (LON:UKOG) (NYSEMKT:MCF)
vouxmagazine.com - January 19 at 4:59 AM
News IconTrading Roundup: Checking Technicals for Contango Oil & Gas Company (MCF) - Sherwood Daily (NYSEMKT:MCF)
sherwooddaily.com - January 17 at 6:48 PM
marketexclusive.com logoContango Oil & Gas Company (NASDAQ:MCF) Files An 8-K Results of Operations and Financial Condition (NYSEMKT:MCF)
marketexclusive.com - January 11 at 7:02 PM
reuters.com logoBRIEF-Contango Oil & Gas Co says forecast total capital budget for 2017 of about $46.3 mln (NYSEMKT:MCF)
www.reuters.com - January 10 at 2:44 AM
finance.yahoo.com logoContango Initiates Southern Delaware Basin Drilling Program and Provides 2017 Drilling Program (NYSEMKT:MCF)
finance.yahoo.com - January 9 at 4:39 PM
finance.yahoo.com logo9:52 am Contango Oil & Gas announces a drilling update; forecasts a total capital budget for 2017 of approximately $46.3 million (NYSEMKT:MCF)
finance.yahoo.com - January 9 at 4:39 PM
capitalcube.com logoETFs with exposure to Contango Oil & Gas Co. : January 3, 2017 (NYSEMKT:MCF)
www.capitalcube.com - January 3 at 10:21 PM
marketrealist.com logoIndia’s Crude Oil Imports and Demand Impact Crude Oil Prices (NYSEMKT:MCF)
marketrealist.com - December 29 at 6:28 PM
investorplace.com logoHottest Mining Stocks Now - NAK SDRL AG SGY - Investorplace.com (NYSEMKT:MCF)
investorplace.com - December 28 at 11:23 PM
News IconContango sells Colorado assets (NYSEMKT:MCF)
fuelfix.com - December 27 at 10:26 AM
4-traders.com logoContango Oil & Gas : Completes Colorado Property Sale (NYSEMKT:MCF)
www.4-traders.com - December 22 at 6:46 PM
publicnow.com logoContango Completes Colorado Property Sale (NYSEMKT:MCF)
www.publicnow.com - December 22 at 6:46 PM
News IconUK Oil & Gas Investments (LON:UKOG) Analyst Target Prices (NYSEMKT:MCF)
diy-home-garden.com - December 21 at 8:28 AM
News IconNorthern Oil And Gas, Inc (NYSEMKT:MCF)
itapunta.com - December 20 at 12:12 PM
News IconIndependent Oil & Gas PLC (IOG) Stock Rating Reaffirmed by FinnCap (NYSEMKT:MCF)
www.perspectivabetica.com - December 20 at 12:12 PM
News IconEquity Review: Looking Closer at Shares of Contango Oil & Gas Company (AMEX:MCF) - Business Daily Leader (NYSEMKT:MCF)
businessdailyleader.com - December 18 at 6:42 PM
4-traders.com logoContango Oil & Gas Company : Moves Lower on Volume Spike for December 16 (NYSEMKT:MCF)
www.4-traders.com - December 17 at 6:50 PM
News IconEquity in Focus: Contango Oil & Gas Company (AMEX:MCF) - OIB News (NYSEMKT:MCF)
oibnews.com - December 16 at 5:12 AM
News IconCCI Level Check for Contango Oil & Gas Company (MCF) - Yankee Analysts (NYSEMKT:MCF)
yankeeanalysts.com - December 16 at 5:12 AM
insidermonkey.com logoDo Hedge Funds Love Contango Oil & Gas Company (MCF)? - Insider Monkey (blog) (NYSEMKT:MCF)
www.insidermonkey.com - December 16 at 5:12 AM
News IconDo Hedge Funds Love Contango Oil & Gas Company (MCF)? (NYSEMKT:MCF)
feedproxy.google.com - December 15 at 3:41 PM
News IconLooking at Moving Averages for Contango Oil & Gas Company (MCF) - Yankee Analysts (NYSEMKT:MCF)
yankeeanalysts.com - December 13 at 6:52 PM
News IconCompany Focus on Shares of Contango Oil & Gas Company (AMEX:MCF) - Liberty News (NYSEMKT:MCF)
libertynewsrecord.com - December 10 at 9:35 AM
News IconReviewing the Numbers for Contango Oil & Gas Company (AMEX:MCF) - OIB News (NYSEMKT:MCF)
oibnews.com - December 9 at 12:01 AM
News IconTrading Lines in Focus for Contango Oil & Gas Company (MCF) - Yankee Analysts (NYSEMKT:MCF)
yankeeanalysts.com - December 9 at 12:01 AM
News IconS&P Global Platts Analysis of U.S. Energy Information Administration (EIA) Data (NYSEMKT:MCF)
www.platts.com - December 8 at 10:04 AM
marketexclusive.com logoAnalyst Upgrades – Cimarex Energy (NYSE:XEC) Stock Gets Upgraded By JPMorgan Chase & Co. from Neutral to Overweight (NYSEMKT:MCF)
marketexclusive.com - December 8 at 10:04 AM
reuters.com logoIsrael okays Energean acquisition of Karish, Tanin gas fields (NYSEMKT:MCF)
www.reuters.com - December 8 at 10:04 AM
News IconPPL Production of Oil and Gas Crosses 1 BCFE Per Day (NYSEMKT:MCF)
propakistani.pk - December 8 at 10:04 AM
News IconVenezuela and Trinidad Sign Landmark Energy Agreements (NYSEMKT:MCF)
nsnbc.me - December 8 at 10:04 AM

Social

What is Contango Oil & Gas Company's stock symbol?

Contango Oil & Gas Company trades on the New York Stock Exchange (NYSE)MKT under the ticker symbol "MCF."

Where is Contango Oil & Gas Company's stock going? Where will Contango Oil & Gas Company's stock price be in 2017?

3 brokerages have issued 12-month price targets for Contango Oil & Gas Company's stock. Their predictions range from $6.00 to $14.00. On average, they anticipate Contango Oil & Gas Company's share price to reach $10.33 in the next year.

When will Contango Oil & Gas Company announce their earnings?

Contango Oil & Gas Company is scheduled to release their next quarterly earnings announcement on Monday, March, 13th 2017.

What are analysts saying about Contango Oil & Gas Company stock?

Here are some recent quotes from research analysts about Contango Oil & Gas Company stock:

  • According to Zacks Investment Research, "Contango Oil & Gas is a Houston-based, independent natural gas and oil company. The Company explores, develops, produces and acquires natural gas and oil properties primarily onshore in the Gulf Coast and offshore in the Gulf of Mexico. " (2/9/2017)

  • National Securities analysts commented, "Contango had what we would consider a tough 3rd quarter on the production front, as the company saw volumes decline. Specifically, Contango produced 65.7 million cubic feet equivalent per day (Mmcfe/d), versus our projection of 70.1 Mmcfe/d. We note that this represents a 28% annual decline along with a 12% decrease from the prior quarter. We attribute the decline however to the shut-down of a third party processing plant (20 days), as well as a "hurricane preparedness" driven build-up of inventories by Contango’s purchaser. Absent those 2 issues, (which we deem outside of Contango’s control), the company would have finished the quarter at 68 Mmcfe/d (still below our projection, but within company guidance). In terms of pricing, Contango surpassed our expectations, earned realized prices of $3.24 per Mcfe in 3Q16, 7% lower than the year prior, but 13% higher on a sequential basis.

    Expect Contango’s conservative approach to continue, as they gradually move into the Permian basin. In our estimation, one of Contango’s biggest strengths has been its penchant to spend within cash flows as well as maintain a solid balance sheet. We see no indications of this changing, as the company reiterated a conservative approach given current oil and gas prices. Still, in terms of catalysts, we look squarely to the company’s development of its recently purchased acreage in the Southern Delaware Basin. We note that the company’s first well was spud on October 15, targeting the Wolfcamp A bench. Given success, we expect Contango to run a 1 rig program in the region during 2017.

    We maintain our BUY rating, but reduce our target to $14 per share, on lower production volumes. We base our target on the average of our sum of the parts, Net Asset Value (NAV) calculation, our "flowing Mcfe" valuation (i.e. daily production), and projected EBITDA. We make additional adjustments to account for net debt, working capital, and undeveloped acreage, to arrive at our $14 price target.
    " (11/7/2016)

Who owns Contango Oil & Gas Company stock?

Contango Oil & Gas Company's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (10.68%), Dimensional Fund Advisors LP (4.78%), AQR Capital Management LLC (1.93%), State Street Corp (1.77%), Cortina Asset Management LLC (1.51%) and GRT Capital Partners L.L.C. (0.69%). Company insiders that own Contango Oil & Gas Company stock include Allan D Keel, E Joseph Grady, Ellis L Mccain, Jay S Mengle, John Anthony Thomas, Sergio Castro, Steven L Schoonover and Thomas H Atkins.

Who sold Contango Oil & Gas Company stock? Who is selling Contango Oil & Gas Company stock?

Contango Oil & Gas Company's stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, GRT Capital Partners L.L.C., GSA Capital Partners LLP, Two Sigma Investments LP, Martingale Asset Management L P, Renaissance Technologies LLC and Cortina Asset Management LLC. Company insiders that have sold Contango Oil & Gas Company stock in the last year include Jay S Mengle, John Anthony Thomas, Sergio Castro and Steven L Schoonover.

Who bought Contango Oil & Gas Company stock? Who is buying Contango Oil & Gas Company stock?

Contango Oil & Gas Company's stock was acquired by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Radnor Capital Management LLC, State Street Corp, FMR LLC, Ranger Investment Management L.P., Comerica Bank, Thrivent Financial for Lutherans and New York State Teachers Retirement System.

How do I buy Contango Oil & Gas Company stock?

Shares of Contango Oil & Gas Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Contango Oil & Gas Company stock cost?

One share of Contango Oil & Gas Company stock can currently be purchased for approximately $8.14.


Last Updated on 2/23/2017 by MarketBeat.com Staff