Stock Short Interest Filing: Is Contango Oil & Gas Incorporated (NYSEMKT:MCF) a Buy? The Stock Reported Less Sellers

November 30, 2016 - By Richard Conner   ·   0 Comments

Stock Short Interest Filing: Is Contango Oil & Gas Incorporated (NYSEMKT:MCF) a Buy? The Stock Reported Less Sellers

The stock of Contango Oil & Gas Incorporated (NYSEMKT:MCF) registered a decrease of 0.77% in short interest. MCF’s total short interest was 283,800 shares in November as published by FINRA. Its down 0.77% from 286,000 shares, reported previously. With 94,300 shares average volume, it will take short sellers 3 days to cover their MCF’s short positions. The short interest to Contango Oil & Gas Incorporated’s float is 1.26%. About 103,399 shares traded hands. Contango Oil & Gas Company (NYSEMKT:MCF) has declined 35.66% since April 27, 2016 and is downtrending. It has underperformed by 40.89% the S&P500.

Contango Oil & Gas Company is an independent oil and natural gas company. The company has a market cap of $238.18 million. The Firm is engaged in the exploration, development, exploitation and acquisition of natural gas and crude oil 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. It currently has negative earnings. The Company’s properties are located in Gulf of Mexico; Madison and Grimes counties, Texas; Zavala and Dimmit counties, Texas; Weston County, Wyoming; Texas Gulf Coast, and Sublette County, Wyoming.

Insitutional Activity: The institutional sentiment increased to 3.44 in Q2 2016. Its up 1.98, from 1.46 in 2016Q1. The ratio is positive, as 8 funds sold all Contango Oil & Gas Company shares owned while 29 reduced positions. 24 funds bought stakes while 30 increased positions. They now own 16.55 million shares or 4.03% less from 17.24 million shares in 2016Q1.
Price T Rowe Assoc Incorporated Md holds 20,660 shares or 0% of its portfolio. The Michigan-based Ls Advisors Ltd Liability Corp has invested 0% in Contango Oil & Gas Company (NYSEMKT:MCF). Nationwide Fund Advisors accumulated 17,181 shares or 0% of the stock. Citadel Ltd holds 0% or 12,815 shares in its portfolio. Tiaa Cref Inv Mgmt Ltd Liability Corporation last reported 0% of its portfolio in the stock. Boothbay Fund Mgmt Limited Liability Corporation has 12,500 shares for 0.07% of their US portfolio. Royal Bankshares Of Canada holds 0% or 226 shares in its portfolio. Highbridge Cap Mngmt Ltd has invested 0.01% of its portfolio in Contango Oil & Gas Company (NYSEMKT:MCF). Schroder Investment Grp has invested 0% of its portfolio in Contango Oil & Gas Company (NYSEMKT:MCF). Mutual Of America Mngmt Ltd Llc has 0% invested in the company for 2,050 shares. Renaissance Technologies Ltd Liability Co accumulated 152,264 shares or 0% of the stock. Blackrock Invest Mgmt Ltd Com holds 80,812 shares or 0% of its portfolio. New York State Teachers Retirement owns 56,999 shares or 0% of their US portfolio. Springbok Limited Liability Company reported 400 shares or 0% of all its holdings. The Pennsylvania-based Pnc Fincl Gp Inc has invested 0% in Contango Oil & Gas Company (NYSEMKT:MCF).

Contango Oil & Gas Company (NYSEMKT:MCF) Ratings Coverage

Out of 5 analysts covering Contango Oil & Gas Company (NYSEMKT:MCF), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Contango Oil & Gas Company has been the topic of 6 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Ladenburg Thalmann initiated Contango Oil & Gas Company (NYSEMKT:MCF) rating on Tuesday, February 23. Ladenburg Thalmann has “Buy” rating and $7 price target. The rating was maintained by MLV with “Buy” on Wednesday, August 12. As per Monday, August 10, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, November 5 report.

MCF Company Profile

Contango Oil & Gas Company (Contango), incorporated on November 8, 2000, is an independent oil and natural gas company. The Firm is engaged in the exploration, development, exploitation and acquisition of natural gas and crude oil 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. The Company’s properties are located in Gulf of Mexico; Madison and Grimes counties, Texas; Zavala and Dimmit counties, Texas; Weston County, Wyoming; Texas Gulf Coast, and Sublette County, Wyoming. In addition, the Company has operated properties producing from various conventional formations in various counties along the Texas Gulf Coast; operated producing properties in the Denver Julesburg Basin (DJ Basin) in Weld and Adams counties in Colorado, and operated producing properties in the Haynesville Shale, Mid Bossier and James Lime formations in East Texas. The Company’s onshore investments include Kaybob Duvernay at Alberta, Canada, and Jonah Field at Sublette County, Wyoming.

Another recent and important Contango Oil & Gas Company (NYSEMKT:MCF) news was published by Fool.com which published an article titled: “”Earnings” Fueled a 90.5% Surge in Contango Oil & Gas Company in March” on April 07, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Richard Conner


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>