What Can We Expect After Contango Oil & Gas (NYSE MKT:MCF)’s Downgrade By Seaport Global Securities?

September 8, 2018 - By Pearl Odom

Contango Oil & Gas Company (NYSEAMERICAN:MCF) Logo

Investors sentiment increased to 0.82 in 2018 Q1. Its up 0.33, from 0.49 in 2017Q4. It improved, as 12 investors sold Contango Oil & Gas Company shares while 21 reduced holdings. 5 funds opened positions while 22 raised stakes. 16.58 million shares or 12.10% more from 14.79 million shares in 2017Q4 were reported.

Geode Cap Mgmt Limited Liability Co holds 192,166 shares or 0% of its portfolio. Fmr holds 0% or 2.68 million shares. Wells Fargo Mn reported 108,301 shares. California State Teachers Retirement Sys accumulated 37,216 shares or 0% of the stock. Schroder Investment Mgmt Gp Inc holds 0% in Contango Oil & Gas Company (NYSEAMERICAN:MCF) or 6,400 shares. Farmers Merchants Invests Incorporated stated it has 3,000 shares. Macquarie Gp Ltd has 15,355 shares. Tower Capital Ltd Co (Trc) holds 0% or 43 shares. Schwab Charles Invest Mngmt holds 0% or 93,214 shares in its portfolio. 1.02M were reported by Vanguard Group. Royal National Bank Of Canada invested 0% in Contango Oil & Gas Company (NYSEAMERICAN:MCF). Balyasny Asset Limited Liability Corp holds 40,422 shares. National Bank Of Mellon Corp invested in 0% or 118,975 shares. Dimensional Fund Advsrs L P owns 0% invested in Contango Oil & Gas Company (NYSEAMERICAN:MCF) for 1.74M shares. Connor Clark & Lunn Management invested 0% of its portfolio in Contango Oil & Gas Company (NYSEAMERICAN:MCF).

Since June 11, 2018, it had 3 insider buys, and 0 insider sales for $1.43 million activity.

Contango Oil & Gas (NYSE MKT:MCF) Receives a Downgrade

Shares of EU-listed Contango Oil & Gas (NYSE MKT:MCF) Have been downgraded by stock analysts at Seaport Global Securities. Seaport Global Securities lowered their rating for the $152.54 million market cap company to a Neutral from their previous Buy rating.

The stock decreased 8.49% or $0.55 during the last trading session, reaching $5.93. About 758,517 shares traded or 94.58% up from the average. Contango Oil & Gas Company (NYSE MKT:MCF) has declined 35.75% since September 8, 2017 and is downtrending. It has underperformed by 48.32% the S&P500.

Analysts await Contango Oil & Gas Company (NYSEAMERICAN:MCF) to report earnings on November, 6. They expect $-0.16 EPS, up 42.86 % or $0.12 from last year’s $-0.28 per share. After $-0.19 actual EPS reported by Contango Oil & Gas Company for the previous quarter, Wall Street now forecasts -15.79 % EPS growth.

Contango Oil & Gas Company, an independent oil and natural gas company, acquires, explores, develops, exploits, and produces natural gas and crude oil properties in the offshore shallow waters of the Gulf of Mexico, and in the onshore Texas and Wyoming in the United States. The company has market cap of $152.54 million. As of December 31, 2016, it had proved reserves of approximately 151.8 billion cubic feet equivalent, including 105.1 billion cubic feet of natural gas, 3.4 million barrels of crude oil and condensate, and 4.4 million barrels of natural gas liquids. It currently has negative earnings.

Contango Oil & Gas Company (NYSEAMERICAN:MCF) Institutional Positions Chart

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