Contango Oil & Gas (NYSEAMERICAN:MCF – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $3.22 and traded as high as $3.37. Contango Oil & Gas shares last traded at $3.22, with a volume of 3,621,000 shares trading hands.
Contango Oil & Gas Price Performance
The stock has a market capitalization of $648.31 million, a price-to-earnings 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. The business has a 50-day simple moving average of $3.22 and a two-hundred day simple moving average of $3.22.
Contango Oil & Gas Company Profile
Contango Oil & Gas Company was an independent exploration and production company focused on acquiring, developing and operating oil and natural gas properties. Its activities included the exploration, drilling, production and sale of crude oil, natural gas and natural gas liquids.
The company historically operated primarily in the Gulf of Mexico and onshore areas of the United States, including properties in Texas, Oklahoma and other domestic producing regions. Contango emphasized acquiring mature or underdeveloped assets that could be operated efficiently and supplemented through additional drilling and development.
In 2021, Contango Oil & Gas combined with Independence Energy, a portfolio company backed by investment firm KKR.
Further Reading
- Five stocks we like better than Contango Oil & Gas
- Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion
- Cracker Barrel Stock Is Rallying Again, But the Turnaround Still Has a Traffic Problem
- Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
- Oil May Be Stronger Than It Looks—And Diamondback Is on Sale
Receive News & Ratings for Contango Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Contango Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.
