Roth Capital lowered shares of Contango Oil & Gas (NYSEAMERICAN:MCF) from a neutral rating to a sell rating in a research note released on Thursday morning, The Fly reports. They currently have $2.00 target price on the oil and natural gas company’s stock.

Separately, Zacks Investment Research raised shares of General Moly from a sell rating to a hold rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $5.00.

Shares of Contango Oil & Gas stock opened at $1.65 on Thursday. Contango Oil & Gas has a 52-week low of $1.47 and a 52-week high of $7.32.

Contango Oil & Gas (NYSEAMERICAN:MCF) last announced its quarterly earnings results on Wednesday, May 8th. The oil and natural gas company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.08). The business had revenue of $14.01 million for the quarter, compared to analysts’ expectations of $15.52 million.

A number of institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System grew its holdings in shares of Contango Oil & Gas by 12.5% in the 4th quarter. California Public Employees Retirement System now owns 176,214 shares of the oil and natural gas company’s stock worth $573,000 after purchasing an additional 19,566 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Contango Oil & Gas by 0.7% in the 4th quarter. BlackRock Inc. now owns 433,413 shares of the oil and natural gas company’s stock worth $1,408,000 after purchasing an additional 3,044 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Contango Oil & Gas by 181.3% in the 4th quarter. Bank of New York Mellon Corp now owns 46,084 shares of the oil and natural gas company’s stock worth $150,000 after purchasing an additional 29,699 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Contango Oil & Gas by 25.6% in the 4th quarter. Northern Trust Corp now owns 128,255 shares of the oil and natural gas company’s stock worth $416,000 after purchasing an additional 26,164 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of Contango Oil & Gas by 40.9% in the 4th quarter. Brandywine Global Investment Management LLC now owns 18,280 shares of the oil and natural gas company’s stock worth $60,000 after purchasing an additional 5,310 shares during the last quarter.

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, 2018, it had proved reserves of approximately 131.9 billion cubic feet equivalent, including 54.2 billion cubic feet of natural gas, 9.4 million barrels of crude oil and condensate, and 3.5 million barrels of natural gas liquids.

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

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