Contango Oil & Gas (NYSEAMERICAN:MCF)’s share price rose 4% during trading on Tuesday . The stock traded as high as $3.90 and last traded at $3.87. Approximately 834 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 1,353,400 shares. The stock had previously closed at $3.72.

The firm’s 50-day moving average is $2.28 and its 200 day moving average is $1.67. The firm has a market capitalization of $738.84 million, a PE ratio of -1.56 and a beta of 2.70.

Contango Oil & Gas (NYSEAMERICAN:MCF) last released its quarterly earnings data on Wednesday, March 10th. The oil and natural gas company reported ($0.01) EPS for the quarter. Contango Oil & Gas had a negative return on equity of 219.81% and a negative net margin of 230.23%. The business had revenue of $29.16 million during the quarter.

A number of large investors have recently added to or reduced their stakes in MCF. King Luther Capital Management Corp lifted its holdings in Contango Oil & Gas by 36.5% in the 4th quarter. King Luther Capital Management Corp now owns 7,486,894 shares of the oil and natural gas company’s stock valued at $17,145,000 after purchasing an additional 2,000,000 shares in the last quarter. BlackRock Inc. lifted its holdings in Contango Oil & Gas by 26.6% in the 4th quarter. BlackRock Inc. now owns 7,495,058 shares of the oil and natural gas company’s stock valued at $17,164,000 after purchasing an additional 1,575,009 shares in the last quarter. Cannell Capital LLC lifted its holdings in Contango Oil & Gas by 70.9% in the 4th quarter. Cannell Capital LLC now owns 3,213,839 shares of the oil and natural gas company’s stock valued at $7,360,000 after purchasing an additional 1,333,333 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Contango Oil & Gas by 432.2% in the 3rd quarter. Squarepoint Ops LLC now owns 315,741 shares of the oil and natural gas company’s stock valued at $423,000 after purchasing an additional 256,410 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Contango Oil & Gas in the 4th quarter valued at about $436,000. Institutional investors own 26.77% of the company’s stock.

Contango Oil & Gas Company Profile (NYSEAMERICAN:MCF)

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, Oklahoma, Louisiana, and Wyoming in the United States. As of December 31, 2019, it had proved reserves of approximately 316.4 billion cubic feet equivalent, including 131.3 billion cubic feet of natural gas, 19.1 million barrels of crude oil and condensate, and 11.8 million barrels of natural gas liquids.

Featured Article: Book Value Per Share in Stock Trading

Receive News & Ratings for Contango Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Contango Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.