Contango 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
- Symbol: NYSEMKT:MCF
- CUSIP: 21075N20
- Web: N/A
- Market Cap: $175.68 million
- Outstanding Shares: 25,572,000
- 50 Day Moving Avg: $7.35
- 200 Day Moving Avg: $8.12
- 52 Week Range: $5.62 - $14.14
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -62.45
- P/E Growth: 0.00
- Annual Revenue: $80.03 million
- Price / Sales: 2.20
- Book Value: $9.46 per share
- Price / Book: 0.73
- Average Volume: 155,287 shs.
- Beta: 1.6
- Short Ratio: 3.06
Frequently Asked Questions for Contango Oil & Gas Company (NYSEMKT:MCF)
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."
How were Contango Oil & Gas Company's earnings last quarter?
Contango Oil & Gas Company (NYSEMKT:MCF) released its earnings results on Wednesday, March, 15th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by $0.17. The company earned $21.66 million during the quarter, compared to analyst estimates of $19.68 million. The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($5.85) earnings per share. View Contango Oil & Gas Company's Earnings History.
Where is Contango Oil & Gas Company's stock going? Where will Contango Oil & Gas Company's stock price be in 2017?
2 analysts have issued twelve-month price targets for Contango Oil & Gas Company's stock. Their predictions range from $13.00 to $14.00. On average, they anticipate Contango Oil & Gas Company's stock price to reach $13.50 in the next year. View Analyst Ratings for Contango Oil & Gas Company.
What are analysts saying about Contango Oil & Gas Company stock?
Here are some recent quotes from research analysts about Contango Oil & Gas Company stock:
- 1. 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. " (3/24/2017)
- 2. 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.
Who are some of Contango Oil & Gas Company's key competitors?
Some companies that are related to Contango Oil & Gas Company include Evolution Petroleum Corp (EPM), Gastar Exploration (GST), Uranium Energy Corp. (UEC), Westmoreland Coal Company (WLB), Northern Oil & Gas (NOG), Warrior Met Coal LLC (HCC), Saratoga Resources (SARA), Alpha Natural Resources (ANR), Berry Petroleum Company LLC (BRY), BPZ Resources (BPZ), Crimson Exploration (CXPO), Emerald Oil (EOX), Endeavour International (END), Enlink Midstream (XTXI), EPL Oil & Gas (EPL), KiOR (KIORQ), Mcmoran Exploration Co (MMR) and Plains Exploration & Production Company (PXP).
Who owns Contango Oil & Gas Company stock?
Contango Oil & Gas Company's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Ariel Investments LLC (13.79%), FMR LLC (10.70%), Vanguard Group Inc. (5.00%), Dimensional Fund Advisors LP (4.73%), American Century Companies Inc. (3.96%) and Ameriprise Financial Inc. (2.81%). Company insiders that own Contango Oil & Gas Company stock include Allan D Keel, E Joseph Grady, Jay S Mengle, John Anthony Thomas, Sergio Castro and Steven L Schoonover. View Institutional Ownership Trends for Contango Oil & Gas Company.
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 Ariel Investments LLC, TFS Capital LLC, Martingale Asset Management L P, Morgan Stanley, Goldman Sachs Group Inc., Cortina Asset Management LLC, JPMorgan Chase & Co. and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Contango Oil & Gas Company.
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, Ameriprise Financial Inc., Cornerstone Capital Management Holdings LLC., AXA, Oxford Asset Management, American Century Companies Inc., Bank of America Corp DE and Vanguard Group Inc.. View Insider Buying and Selling for Contango Oil & Gas Company.
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 $6.87.
Earnings History for Contango Oil & Gas Company (NYSEMKT:MCF)Earnings History by Quarter for Contango Oil & Gas Company (NYSEMKT:MCF)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/15/2017||Q4 2016||($0.25)||($0.42)||$19.68 million||$21.66 million||View||N/A|
|11/2/2016||Q316||($0.28)||($0.55)||$21.38 million||$19.58 million||View||N/A|
|3/14/2016||Q415||($0.81)||($5.85)||$25.10 million||$21.50 million||View||N/A|
|8/6/2015||Q215||($0.77)||($1.03)||$33.67 million||$35.50 million||View||N/A|
|5/11/2015||Q414||($0.67)||($0.98)||$38.27 million||$30.60 million||View||N/A|
|3/2/2015||Q4 2014||($0.04)||($0.21)||$55.50 million||$50.23 million||View||N/A|
|9/3/2013||Q4 2013||$0.75||$179.27 million||$127.20 million||View||N/A|
|2/13/2013||Q2 2013||$0.17||$53.90 million||$34.90 million||View||N/A|
Earnings Estimates for Contango Oil & Gas Company (NYSEMKT:MCF)
Current Year EPS Consensus Estimate: $-0.62 EPS
Next Year EPS Consensus Estimate: $-0.11 EPS
Dividend History for Contango Oil & Gas Company (NYSEMKT:MCF)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Contango Oil & Gas Company (NYSEMKT:MCF)Insider Trades by Quarter for Contango Oil & Gas Company (NYSEMKT:MCF)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/25/2016||Steven L Schoonover||Director||Sell||20,000||$11.93||$238,600.00|| |
|5/23/2016||Steven L Schoonover||Director||Sell||10,595||$12.22||$129,470.90|| |
|5/16/2016||John Anthony Thomas||VP||Sell||1,164||$12.87||$14,980.68|| |
|5/13/2016||Sergio Castro||VP||Sell||2,264||$12.50||$28,300.00|| |
|5/12/2016||Jay S Mengle||SVP||Sell||10,848||$12.49||$135,491.52|| |
|1/11/2016||Allan D. Keel||CEO||Sell||2,105||$4.16||$8,756.80|| |
|1/11/2016||E Joseph Grady||CFO||Sell||1,404||$4.05||$5,686.20|| |
|1/11/2016||John Anthony Thomas||VP||Sell||948||$4.05||$3,839.40|| |
|3/13/2015||Sergio Castro||Treasurer||Sell||1,183||$22.07||$26,108.81|| |
|3/13/2015||Thomas H Atkins||SVP||Sell||2,500||$22.36||$55,900.00|| |
|3/10/2015||Ellis L Mccain||Director||Sell||3,826||$21.49||$82,220.74|| |
|11/25/2014||Thomas H Atkins||SVP||Sell||2,000||$37.50||$75,000.00|| |
|5/29/2014||Anthony Carl Isaac||VP||Sell||12,013||$43.11||$517,880.43|| |
|10/1/2012||John B Juneau||CEO||Buy||46,014||$49.53||$2,279,073.42|| |
Headline Trends for Contango Oil & Gas Company (NYSEMKT:MCF)
Latest Headlines for Contango Oil & Gas Company (NYSEMKT:MCF)
|Contango Updates Southern Delaware Basin Operations|
finance.yahoo.com - May 24 at 6:29 PM
|Iraq’s Crude Oil Production Is near a 9-Month Low|
finance.yahoo.com - May 16 at 6:16 PM
|ETFs with exposure to Contango Oil & Gas Co. : May 15, 2017|
finance.yahoo.com - May 15 at 5:51 PM
|Argentina Sees Oil-and-Gas Companies Stepping Up Investment|
www.wsj.com - May 13 at 12:06 AM
|Contango Oil & Gas Co. :MCF-US: Earnings Analysis: Q1, 2017 By the Numbers : May 12, 2017|
finance.yahoo.com - May 12 at 7:06 PM
|Edited Transcript of MCF earnings conference call or presentation 10-May-17 2:30pm GMT|
finance.yahoo.com - May 10 at 11:04 PM
|Contango Oil & Gas Company (MCF) Earns Daily Media Sentiment Score of 0.14|
www.americanbankingnews.com - May 3 at 2:39 PM
|Contango Oil & Gas Company (MCF) Getting Somewhat Positive Press Coverage, AlphaOne Reports|
www.americanbankingnews.com - April 29 at 11:59 AM
|BRIEF-Cabot Oil & Gas Q1 earnings per share $0.23|
www.reuters.com - April 28 at 9:24 AM
|US Refinery Demand Hits an All-Time High|
finance.yahoo.com - April 27 at 9:32 AM
|Contango Oil & Gas Company (MCF) Given a $13.00 Price Target by Royal Bank of Canada Analysts|
www.americanbankingnews.com - April 21 at 5:02 PM
|Contango Biggest Beneficiary Of EXCO Resources' $300 Million South Texas Asset Sale|
seekingalpha.com - April 19 at 11:31 PM
|Contango Oil & Gas Company (MCF) Receiving Positive Media Coverage, AlphaOne Reports|
www.americanbankingnews.com - April 18 at 2:00 PM
|Will Russia’s Oil Production Fall in the Coming Months?|
finance.yahoo.com - April 18 at 10:32 AM
|Contango Oil & Gas Company (MCF) Earning Positive Press Coverage, Study Shows|
www.americanbankingnews.com - April 14 at 1:30 PM
|ETFs with exposure to Contango Oil & Gas Co. : April 7, 2017|
finance.yahoo.com - April 7 at 6:57 PM
|Contango Oil and Gas Company (MCF) Presents At IPAA 23rd Annual Oil & Gas Investment Symposium - Slideshow|
seekingalpha.com - April 4 at 8:58 AM
|SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving Possible Breaches of Delaware Law by the Board of Contango Oil & Gas Company -- MCF|
finance.yahoo.com - March 31 at 6:32 PM
|Contango Oil & Gas Company (MCF) Downgraded by Zacks Investment Research to "Hold"|
www.americanbankingnews.com - March 30 at 7:37 AM
|Contango: Pay For PDP, Get Permian For Free|
seekingalpha.com - March 28 at 10:35 AM
|Contango to Present at Upcoming Conference|
finance.yahoo.com - March 27 at 10:29 AM
|Contango Oil & Gas Company (MCF) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - March 27 at 7:41 AM
|MCF Contango Oil & Gas ( MCF) Presents At 29th Annual ROTH Conference|
seekingalpha.com - March 26 at 8:47 AM
|Contango Oil & Gas Company (MCF) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - March 24 at 3:01 PM
|Contango Oil & Gas Company (MCF) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - March 21 at 7:41 AM
|Contango Oil & Gas Company (MCF) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - March 18 at 10:00 PM
|Edited Transcript of MCF earnings conference call or presentation 16-Mar-17 2:30pm GMT|
finance.yahoo.com - March 17 at 12:12 AM
|Contango Oil and Gas EPS of -$0.69|
seekingalpha.com - March 15 at 6:40 PM
|Q4 2016 Contango Oil & Gas Co Earnings Release - After Market Close|
us.rd.yahoo.com - March 15 at 6:40 PM
|Contango Announces Fourth Quarter and Year Ended 2016 Financial Results|
us.rd.yahoo.com - March 15 at 6:40 PM
|Contango Announces Year-end Reserves, Fourth Quarter 2016 Production and First Quarter 2017 Production Guidance - GlobeNewswire (press release)|
globenewswire.com - March 11 at 8:18 AM
|Contango Announces Year-end Reserves, Fourth Quarter 2016 Production and First Quarter 2017 Production Guidance|
us.rd.yahoo.com - March 10 at 7:40 PM
|CONTANGO OIL & GAS CO Files SEC form 8-K, Financial Statements and Exhibits|
biz.yahoo.com - March 10 at 7:40 PM
|Contango Announces Initial Southern Delaware Basin Success - GlobeNewswire (press release)|
globenewswire.com - March 9 at 8:50 AM
|Contango Announces Initial Southern Delaware Basin Success|
us.rd.yahoo.com - March 7 at 6:13 PM
|12:51 pm Contango Oil & Gas announces results on its initial well on its Southern Delaware Basin acreage in Pecos County, Texas|
us.rd.yahoo.com - March 7 at 6:13 PM
|Contango Announces Fourth Quarter and Year-End 2016 Earnings Release and Conference Call Schedule|
finance.yahoo.com - March 1 at 11:01 AM
|IIROC Trading Halt - MCF|
finance.yahoo.com - February 14 at 7:59 PM
|CONTANGO OIL & GAS CO Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibit|
biz.yahoo.com - February 8 at 7:14 PM
|BRIEF-Contango Oil & Gas Co says forecast total capital budget for 2017 of about $46.3 mln|
www.reuters.com - January 10 at 2:44 AM
|Contango Initiates Southern Delaware Basin Drilling Program and Provides 2017 Drilling Program|
finance.yahoo.com - January 9 at 4:39 PM
|9:52 am Contango Oil & Gas announces a drilling update; forecasts a total capital budget for 2017 of approximately $46.3 million|
finance.yahoo.com - January 9 at 4:39 PM
|Hottest Mining Stocks Now - NAK SDRL AG SGY - Investorplace.com|
investorplace.com - December 28 at 11:23 PM