Institutional Investors Are Selling Contango Oil & Gas Co (NYSEMKT:MCF)

April 17, 2018 - By Dolores Ford

Contango Oil & Gas Company (NYSEAMERICAN:MCF) Logo

Sentiment for Contango Oil & Gas Co (NYSEMKT:MCF)

Contango Oil & Gas Co (NYSEMKT:MCF) institutional sentiment decreased to 0.49 in 2017 Q4. Its down -0.84, from 1.33 in 2017Q3. The ratio worsened, as 32 hedge funds increased or opened new positions, while 65 sold and decreased their holdings in Contango Oil & Gas Co. The hedge funds in our partner’s database now have: 14.79 million shares, down from 19.46 million shares in 2017Q3. Also, the number of hedge funds holding Contango Oil & Gas Co in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 29 Reduced: 36 Increased: 15 New Position: 17.

Contango Oil & Gas Company, an independent oil and natural gas company, acquires, explores, develops, exploits, and produces natural gas and crude oil properties in the offshore shallow waters of the Gulf of Mexico, and in the onshore Texas and Wyoming in the United States. The company has market cap of $87.32 million. As of December 31, 2016, it had proved reserves of approximately 151.8 billion cubic feet equivalent, including 105.1 billion cubic feet of natural gas, 3.4 million barrels of crude oil and condensate, and 4.4 million barrels of natural gas liquids. It currently has negative earnings.

The stock 0.05% or $0 during the last trading session, reaching $3.43. It is down 49.50% since April 17, 2017 and is downtrending. It has underperformed by 61.05% the S&P500.

Analysts await Contango Oil & Gas Company (NYSEAMERICAN:MCF) to report earnings on May, 8. They expect $-0.17 EPS, down 525.00 % or $0.21 from last year’s $0.04 per share. After $-0.23 actual EPS reported by Contango Oil & Gas Company for the previous quarter, Wall Street now forecasts -26.09 % EPS growth.

Messner & Smith Theme Value Investment Management Ltd Ca holds 1.53% of its portfolio in Contango Oil & Gas Company for 204,405 shares. Proxima Capital Management Llc owns 266,064 shares or 0.73% of their US portfolio. Moreover, Ariel Investments Llc has 0.17% invested in the company for 3.16 million shares. The Texas-based Usca Ria Llc has invested 0.05% in the stock. Mraz Amerine & Associates Inc., a California-based fund reported 27,593 shares.#img1#

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

Ratings analysis reveals 100% of Contango Oil & Gas Company’s analysts are positive. Out of 2 Wall Street analysts rating Contango Oil & Gas Company, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. MCF was included in 2 notes of analysts from November 13, 2017. Seaport Global upgraded the stock to “Buy” rating in Tuesday, December 19 report. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 13.

Contango Oil & Gas Company (NYSEAMERICAN:MCF) Institutional Positions Chart

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