Roth Capital set a $5.00 target price on Contango Oil & Gas (NYSEAMERICAN:MCF) in a research note issued to investors on Thursday morning, The Fly reports. The brokerage currently has a buy rating on the oil and natural gas company’s stock.

MCF has been the subject of several other reports. Seaport Global Securities cut shares of Contango Oil & Gas from a buy rating to a neutral rating and set a $7.00 target price for the company. in a research report on Friday, September 7th. Royal Bank of Canada set a $7.00 price target on shares of Contango Oil & Gas and gave the company a buy rating in a research report on Thursday, September 20th. Zacks Investment Research cut shares of Contango Oil & Gas from a hold rating to a sell rating in a research report on Wednesday, October 10th. SunTrust Banks reissued a hold rating and set a $5.00 price target on shares of Contango Oil & Gas in a research report on Wednesday, November 7th. Finally, Johnson Rice cut shares of Contango Oil & Gas from an accumulate rating to a hold rating and set a $5.00 price target for the company. in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $5.33.

NYSEAMERICAN:MCF opened at $3.79 on Thursday. Contango Oil & Gas has a 12 month low of $2.66 and a 12 month high of $7.32.

Contango Oil & Gas (NYSEAMERICAN:MCF) last posted its earnings results on Wednesday, November 7th. The oil and natural gas company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.14). The firm had revenue of $19.51 million for the quarter, compared to analysts’ expectations of $19.54 million.

In other Contango Oil & Gas news, Director John C. Goff purchased 24,000 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was bought at an average cost of $4.07 per share, with a total value of $97,680.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John C. Goff purchased 1,417,298 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of $4.00 per share, with a total value of $5,669,192.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,617,798 shares of company stock valued at $6,425,202.

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in Contango Oil & Gas by 33.5% during the 2nd quarter. FMR LLC now owns 3,583,039 shares of the oil and natural gas company’s stock valued at $20,352,000 after purchasing an additional 899,900 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in Contango Oil & Gas during the 3rd quarter valued at about $746,000. Laurion Capital Management LP bought a new stake in Contango Oil & Gas during the 2nd quarter valued at about $119,000. Millennium Management LLC bought a new stake in Contango Oil & Gas during the 2nd quarter valued at about $2,178,000. Finally, Engineers Gate Manager LP bought a new stake in Contango Oil & Gas during the 3rd quarter valued at about $357,000.

Contango Oil & Gas Company Profile

Contango Oil & Gas Company, an independent oil and natural gas company, acquires, explores, develops, exploits, and produces crude oil and natural gas properties in the shallow waters of the Gulf of Mexico and onshore properties in Texas and Wyoming in the United States. As of December 31, 2017, it had proved reserves of approximately 189.3 billion cubic feet equivalent, including 91.7 billion cubic feet of natural gas, 10.6 million barrels of crude oil and condensate, and 5.6 million barrels of natural gas liquids.

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Analyst Recommendations for Contango Oil & Gas (NYSEAMERICAN:MCF)

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