Contango Oil & Gas (NYSEAMERICAN:MCF) – Equities research analysts at SunTrust Banks dropped their Q4 2017 earnings per share estimates for Contango Oil & Gas in a research report issued on Tuesday. SunTrust Banks analyst N. Dingmann now anticipates that the oil and natural gas company will earn ($0.23) per share for the quarter, down from their prior forecast of ($0.21). SunTrust Banks also issued estimates for Contango Oil & Gas’ FY2018 earnings at ($0.64) EPS, FY2019 earnings at ($0.49) EPS and FY2020 earnings at ($0.48) EPS.

Several other research firms have also recently issued reports on MCF. Seaport Global Securities raised Contango Oil & Gas from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $6.00 price target on shares of Contango Oil & Gas in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $8.00.

Contango Oil & Gas (MCF) opened at $3.26 on Thursday. Contango Oil & Gas has a 12 month low of $2.22 and a 12 month high of $9.60. The stock has a market capitalization of $89.28, a P/E ratio of -2.79 and a beta of 1.67.

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Contango Oil & Gas in the third quarter worth $140,000. Alliancebernstein L.P. boosted its holdings in Contango Oil & Gas by 11.0% in the second quarter. Alliancebernstein L.P. now owns 24,244 shares of the oil and natural gas company’s stock worth $161,000 after acquiring an additional 2,400 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Contango Oil & Gas by 13.2% in the second quarter. Wells Fargo & Company MN now owns 38,445 shares of the oil and natural gas company’s stock worth $255,000 after acquiring an additional 4,497 shares in the last quarter. Legal & General Group Plc boosted its holdings in Contango Oil & Gas by 7.7% in the second quarter. Legal & General Group Plc now owns 40,270 shares of the oil and natural gas company’s stock worth $267,000 after acquiring an additional 2,868 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Contango Oil & Gas by 3.6% in the second quarter. Rhumbline Advisers now owns 45,558 shares of the oil and natural gas company’s stock worth $303,000 after acquiring an additional 1,600 shares in the last quarter.

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About Contango Oil & Gas

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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