Stock Buzzer: Is Buying Stock Like Contango Oil & Gas Company After Such Increase Winning Strategy?

Stock Buzzer: Is Buying Stock Like Contango Oil & Gas Company After Such Increase Winning Strategy?

The stock of Contango Oil & Gas Company (NYSEMKT:MCF) is a huge mover today! About 79,105 shares traded hands. Contango Oil & Gas Company (NYSEMKT:MCF) has declined 35.66% since April 27, 2016 and is downtrending. It has underperformed by 40.89% the S&P500.
The move comes after 6 months positive chart setup for the $236.47M company. It was reported on Nov, 30 by Barchart.com. We have $10.55 PT which if reached, will make NYSEMKT:MCF worth $21.28M more.

Analysts await Contango Oil & Gas Company (NYSEMKT:MCF) to report earnings on March, 13. They expect $-0.09 EPS, up 95.89% or $2.10 from last year’s $-2.19 per share. After $-0.55 actual EPS reported by Contango Oil & Gas Company for the previous quarter, Wall Street now forecasts -83.64% EPS growth.

Contango Oil & Gas Company (NYSEMKT:MCF) Ratings Coverage

Out of 5 analysts covering Contango Oil & Gas Company (NYSEMKT:MCF), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Contango Oil & Gas Company has been the topic of 6 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Thursday, November 5, the company rating was maintained by RBC Capital Markets. On Wednesday, August 12 the stock rating was maintained by MLV with “Buy”. RBC Capital Markets maintained Contango Oil & Gas Company (NYSEMKT:MCF) rating on Monday, August 10. RBC Capital Markets has “Outperform” rating and $21.0 price target. The firm has “Buy” rating by Ladenburg Thalmann given on Tuesday, February 23.

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.”

Insitutional Activity: The institutional sentiment increased to 3.44 in Q2 2016. Its up 1.98, from 1.46 in 2016Q1. The ratio is positive, as 8 funds sold all Contango Oil & Gas Company shares owned while 29 reduced positions. 24 funds bought stakes while 30 increased positions. They now own 16.55 million shares or 4.03% less from 17.24 million shares in 2016Q1.
Oxford Asset Mngmt last reported 0.07% of its portfolio in the stock. Ameriprise Financial last reported 0% of its portfolio in the stock. Ariel Invs Limited Liability holds 0.61% or 3.97M shares in its portfolio. The New Jersey-based Blackrock Inv Mgmt Limited Liability has invested 0% in Contango Oil & Gas Company (NYSEMKT:MCF). Tower Research Capital (Trc) last reported 7 shares in the company. Blackrock Advisors Ltd Liability last reported 8,694 shares in the company. Sei Invs Communication has 432 shares for 0% of their US portfolio. Nationwide Fund Advisors accumulated 17,181 shares or 0% of the stock. Grp Inc One Trading L P holds 725 shares or 0% of its portfolio. Smith Asset Gp L P has 0.01% invested in the company for 38,430 shares. The Texas-based Dimensional Fund Advsrs Lp has invested 0.01% in Contango Oil & Gas Company (NYSEMKT:MCF). Blackrock Incorporated owns 5,468 shares or 0% of their US portfolio. Wells Fargo Com Mn accumulated 12,014 shares or 0% of the stock. Pdts Partners Ltd Liability Corporation holds 0.02% or 18,500 shares in its portfolio. Jpmorgan Chase & holds 0% of its portfolio in Contango Oil & Gas Company (NYSEMKT:MCF) for 18,639 shares.

More news for Contango Oil & Gas Company (NYSEMKT:MCF) were recently published by: Fool.com, which released: “”Earnings” Fueled a 90.5% Surge in Contango Oil & Gas Company in March” on April 07, 2016. Seekingalpha.com‘s article titled: “Contango Oil And Gas Pounced And Will Pounce Again” and published on July 26, 2016 is yet another important article.

MCF Company Profile

Contango Oil & Gas Company (Contango), incorporated on November 8, 2000, is an independent oil and natural gas company. The Firm is engaged in the exploration, development, exploitation and acquisition of natural gas and crude oil 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. The Company’s onshore investments include Kaybob Duvernay at Alberta, Canada, and Jonah Field at Sublette County, Wyoming.

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