Contango Oil & Gas Company (NYSE:MCF) Stock: Performance and Outlook – Marketing Sentinel
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Contango Oil & Gas Company (NYSE:MCF) Stock: Performance and Outlook

In the last trading session, 4,325,256 Contango Oil & Gas Company (NYSE:MCF) shares changed hands as the company’s beta touched 2.36. With the company’s per share price at $4.46 changed hands at -$0.09 or -0.02% during last session, the market valuation stood at $896.78 Million. MCF’s last price was a discount, traded about -55.61% off its 52-week high of $6.94. The share price had its 52-week low at $1.09, which suggests the last value was 75.56% up since then. When we look at Contango Oil & Gas Company’s average trading volume, we note the 10-day average is 1.92 Million shares, with the 3-month average coming to 1.18 Million.

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Analysts gave the Contango Oil & Gas Company (MCF) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended MCF as a Hold, 1 felt it is a Buy and none rated the stock as Underweight. Contango Oil & Gas Company’s EPS for the current quarter is expected to be $0.04.


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Contango Oil & Gas Company (NYSE:MCF) trade information

Although MCF has turned red as seen at the end of in last trading. With action -1.98%, the performance over the past five days has been red. The jump to weekly highs of $4.84- on Thursday, Jun 17 added 7.85% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.95%, with the 5-day performance at -0.02% in the red. However, in the 30-day time frame, Contango Oil & Gas Company (NYSE:MCF) is 0.1% up. Looking at the short shares, we see there were 6.26 Million shares sold at short interest cover period of 5.31 days.

The consensus price target for the stock as assigned by Wall Street analysts is $5, meaning bulls need an upside of 12.11% from its current market value. According to analyst projections, MCF’s forecast low is $5 with $5 as the target high. To hit the forecast high, the stock’s price needs a +12.11% upsurge from its current level, while the stock would need to tank 12.11% for it to hit the projected low.

Contango Oil & Gas Company (MCF) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 41.6%. The 2021 estimates are for Contango Oil & Gas Company earnings to increase by 59.3%, but the outlook for the next 5-year period is at 0% per year.

Contango Oil & Gas Company (NYSE:MCF)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 26.79% of Contango Oil & Gas Company shares while 22.69% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 30.99%. There are 132 institutions holding the Contango Oil & Gas Company stock share, with Blackrock Inc. the top institutional holder. As of Mar 30, 2021, the company held 4.45% of the shares, roughly 8.93 Million MCF shares worth $34.83 Million.

Luther King Capital Management holds the second largest percentage of outstanding shares, with 3.73% or 7.49 Million shares worth $29.2 Million as of Mar 30, 2021.

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Among Mutual Funds, the top two as of Mar 30, 2021 were Deutsche DWS Investment Tr-DWS Small Cap Core Fd and Vanguard Total Stock Market Index Fund. With 3500000 shares estimated at $13.65 Million under it, the former controlled 1.74% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.73% of the shares, roughly 3.48 Million shares worth around $13.57 Million.

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