Contango Oil & Gas (NYSEAMERICAN:MCF – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . 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 changing hands.
Contango Oil & Gas Stock Up 3.5%
The firm’s 50-day moving average is $3.22 and its two-hundred day moving average is $3.22. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.44 and a current ratio of 0.45. The stock has a market cap of $648.31 million, a P/E ratio of -7.67 and a beta of 2.02.
About Contango Oil & Gas
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.
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