Contango Oil & Gas Company (AMEX:MCF) had its price objective cut by Royal Bank of Canada from $14.00 to $13.00 in a report published on Friday morning, StockTargetPrices.com reports. They currently have an outperform rating on the stock.

Contango Oil & Gas Company (AMEX:MCF) traded up 8.11% during mid-day trading on Friday, reaching $6.40. The company’s stock had a trading volume of 256,459 shares. The stock’s 50 day moving average is $7.65 and its 200 day moving average is $8.95. Contango Oil & Gas Company has a one year low of $5.62 and a one year high of $14.14. The firm’s market cap is $161.68 million.

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About Contango Oil & Gas Company

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.

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