| Weakness Seen in Contango Oil & Gas (MCF): Stock Goes Down by 6.3% - Tale of the Tape | |
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Contango Oil & Gas Company (MCF) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MCF, as the stock is now down 21% in the past one-month time frame. This slump shouldn’t be too much of a surprise to investors, as the oil exploration and production company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case. MCF currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%. Another better-ranked stock in the same sector is LRR Energy, L.P. (LRE) with a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CONTANGO OIL&GS (MCF): Free Stock Analysis Report LRR ENERGY LP (LRE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Contango Oil & Gas Company
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CODE : MCF |
ISIN : US21075N2045 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Contango Oil & Gas is a oil exploration company based in United states of america. Contango Oil & Gas is listed in United States of America. Its market capitalisation is US$ 82.0 millions as of today (€ 72.7 millions). Its stock quote reached its highest recent level on June 20, 2008 at US$ 95.16, and its lowest recent point on March 20, 2020 at US$ 0.84. Contango Oil & Gas has 25 479 438 shares outstanding. |