Contango Oil & Gas (NASDAQ:MCF) Rating Lowered to Sell at Roth Capital

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Roth Capital lowered shares of Contango Oil & Gas (NASDAQ:MCF) from a neutral rating to a sell rating in a report published on Thursday morning, Zacks.com reports.

Shares of MCF opened at $1.65 on Thursday. Contango Oil & Gas has a 12 month low of $1.47 and a 12 month high of $7.32. The business’s 50-day simple moving average is $1.91.

Contango Oil & Gas (NASDAQ:MCF) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates 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.

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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