Contango Oil & Gas (NASDAQ:MCF) Shares Down 6.8%

Contango Oil & Gas Company (NASDAQ:MCF) fell 6.8% during trading on Monday . The company traded as low as $2.21 and last traded at $2.32, 8,506 shares traded hands during mid-day trading. A decline of 96% from the average session volume of 198,778 shares. The stock had previously closed at $2.49.

Separately, Roth Capital raised Contango Oil & Gas from a “sell” rating to a “neutral” rating in a research note on Tuesday, September 24th.

Contango Oil & Gas (NASDAQ:MCF) last released its earnings results on Thursday, August 8th. The company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). The company had revenue of $12.76 million during the quarter, compared to analysts’ expectations of $14.53 million.

About Contango Oil & Gas (NASDAQ: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 and Wyoming in the United States. As of December 31, 2018, it had proved reserves of approximately 131.9 billion cubic feet equivalent, including 54.2 billion cubic feet of natural gas, 9.4 million barrels of crude oil and condensate, and 3.5 million barrels of natural gas liquids.

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