News articles about Contango Oil & Gas Company (NYSEMKT:MCF) have trended somewhat positive recently, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Contango Oil & Gas Company earned a daily sentiment score of 0.22 on Alpha One’s scale. Alpha One also gave news stories about the oil and natural gas company an impact score of 83 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected AlphaOne Sentiment Analysis’s analysis:
- Contango Biggest Beneficiary Of EXCO Resources’ $300 Million South Texas Asset Sale (seekingalpha.com)
- Contango Oil & Gas Company (MCF) Receiving Positive Media Coverage, AlphaOne Reports (americanbankingnews.com)
- Will Russia’s Oil Production Fall in the Coming Months? (finance.yahoo.com)
- Contango Oil & Gas Company (MCF) Earning Positive Press Coverage, Study Shows (americanbankingnews.com)
Shares of Contango Oil & Gas Company (NYSEMKT:MCF) traded down 0.27% during trading on Friday, hitting $7.38. 115,774 shares of the stock were exchanged. The firm’s 50 day moving average price is $7.08 and its 200-day moving average price is $8.56. Contango Oil & Gas Company has a 52 week low of $5.62 and a 52 week high of $14.14. The stock’s market cap is $186.30 million.
Contango Oil & Gas Company (NYSEMKT:MCF) last announced its quarterly earnings results on Wednesday, March 15th. The oil and natural gas company reported ($0.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.17. The company had revenue of $21.66 million for the quarter, compared to the consensus estimate of $19.68 million. Contango Oil & Gas Company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted ($5.85) EPS. On average, analysts predict that Contango Oil & Gas Company will post ($0.62) EPS for the current year.
A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Contango Oil & Gas Company from a “buy” rating to a “sell” rating in a report on Thursday, January 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 target price (down previously from $14.00) on shares of Contango Oil & Gas Company in a report on Friday, March 17th.
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About Contango Oil & Gas Company
Contango Oil & Gas Company (Contango) is an independent oil and natural gas company. The Company is engaged in the exploration, development, exploitation and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico (GOM) and Rocky Mountain regions of the United States.
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