Contango Oil & Gas (NYSEAMERICAN:MCF – Get Free Report) traded up 3.5% during mid-day trading on Tuesday. The stock traded as high as $3.37 and last traded at $3.22. 3,621,000 shares traded hands during mid-day trading, an increase of 192% from the average daily volume of 1,240,194 shares. The stock had previously closed at $3.11.
Contango Oil & Gas Stock Performance
The firm has a fifty day simple moving average of $3.22 and a 200-day simple moving average of $3.22. The company has a market cap of $648.31 million, a PE ratio of -7.67 and a beta of 2.02. The company has a quick ratio of 0.44, a current ratio of 0.45 and a debt-to-equity ratio of 2.25.
Contango Oil & Gas Company Profile
Contango Oil & Gas Company was an independent exploration and production company focused on acquiring, developing and producing oil and natural gas. Its products included crude oil, natural gas and natural gas liquids. Based in Houston, Contango operated properties in several U.S. regions, including the Gulf of Mexico and onshore areas along the Gulf Coast and in the Rocky Mountains. Its asset base and operating focus changed over time as the company made acquisitions and divestitures. In 2021, Contango combined with Independence Energy to form Crescent Energy Company.
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