Contango Oil & Gas (NYSEAMERICAN:MCF) Director John C. Goff acquired 24,000 shares of Contango Oil & Gas stock in a transaction on Friday, November 30th. The stock was purchased at an average cost of $4.07 per share, with a total value of $97,680.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Contango Oil & Gas stock opened at $4.05 on Thursday. Contango Oil & Gas has a 12 month low of $2.54 and a 12 month high of $7.32.

Contango Oil & Gas (NYSEAMERICAN:MCF) last issued its quarterly earnings results on Wednesday, November 7th. The oil and natural gas company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.14). The company had revenue of $19.51 million during the quarter, compared to analyst estimates of $19.54 million.

MCF has been the topic of a number of recent research reports. Zacks Investment Research lowered Contango Oil & Gas from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Seaport Global Securities lowered Contango Oil & Gas from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a report on Friday, September 7th. Royal Bank of Canada set a $7.00 target price on Contango Oil & Gas and gave the company a “buy” rating in a report on Thursday, September 20th. Johnson Rice lowered Contango Oil & Gas from an “accumulate” rating to a “hold” rating and set a $5.00 target price on the stock. in a report on Thursday, August 9th. Finally, SunTrust Banks restated a “hold” rating and issued a $5.00 target price on shares of Contango Oil & Gas in a report on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $5.40.

A number of institutional investors have recently modified their holdings of MCF. FMR LLC raised its stake in shares of Contango Oil & Gas by 33.5% in the second quarter. FMR LLC now owns 3,583,039 shares of the oil and natural gas company’s stock valued at $20,352,000 after buying an additional 899,900 shares during the period. Acadian Asset Management LLC raised its stake in shares of Contango Oil & Gas by 106.8% in the second quarter. Acadian Asset Management LLC now owns 289,082 shares of the oil and natural gas company’s stock valued at $1,642,000 after buying an additional 149,313 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of Contango Oil & Gas in the third quarter valued at $746,000. Laurion Capital Management LP bought a new stake in shares of Contango Oil & Gas in the second quarter valued at $119,000. Finally, Millennium Management LLC bought a new stake in shares of Contango Oil & Gas in the second quarter valued at $2,178,000.

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About Contango Oil & Gas

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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