If You’re An Adventuresome Investor, Then Take A Chance On Contango Oil & Gas Company (AMEX: MCF) – Marketing Sentinel
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If You’re An Adventuresome Investor, Then Take A Chance On Contango Oil & Gas Company (AMEX: MCF)

In the last trading session, 1.1 million shares of the Contango Oil & Gas Company (AMEX:MCF) were traded, and its beta was 2.15. Most recently the company’s share price was $4.52, and it changed around -$0.02 or -0.44% from the last close, which brings the market valuation of the company to $913.40M. MCF currently trades at a discount to its 52-week high of $6.94, offering almost -53.54% off that amount. The share price’s 52-week low was $1.19, which indicates that the current value has risen by an impressive 73.67% since then. We note from Contango Oil & Gas Company’s average daily trading volume that its 10-day average is 1.09 million shares, with the 3-month average coming to 1.05 million.

Contango Oil & Gas Company stock received a consensus recommendation rating of a Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended MCF as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Contango Oil & Gas Company is expected to report earnings per share of $0.07 for the current quarter.

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

Instantly MCF has showed a red trend with a performance of -0.44% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.78 on Friday, 10/08/21 increased the stock’s daily price by 5.44%. The company’s shares are currently up 97.38% year-to-date, but still down -1.74% over the last five days. On the other hand, Contango Oil & Gas Company (AMEX:MCF) is 23.50% down in the 30-day period. We can see from the shorts that 13.54 million shares have been sold at a short interest cover period of 12.81 day(s).

The consensus price target as assigned by Wall Street analysts is $5.00, which translates to bulls needing to increase their stock price by 9.6% from its current value. Analyst projections state that MCF is forecast to be at a low of $5.00 and a high of $5.00. In order for the stock price to hit the forecast high, the stock would need to plunge -10.62% from its current level, while the stock would need to crash -10.62% from its current level to reach the projected low.

Contango Oil & Gas Company (MCF) estimates and forecasts

Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 105.40% in revenue this quarter, and will report an increase of 120.00% in the next quarter.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $81.7 million in revenue for the current quarter. 1 analysts expect Contango Oil & Gas Company to make $416.5 million in revenue for the quarter ending Dec 2021.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 41.60%.

MCF Dividends

Contango Oil & Gas Company’s next quarterly earnings report is expected to be released around June 22 and July 02.

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

Upon looking at major shareholders, it appears that insiders hold 26.72% of Contango Oil & Gas Company shares, and 25.96% of them are in the hands of institutional investors. The stock currently has a share float of 35.43%. Contango Oil & Gas Company stock is held by 153 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2021, it held 4.72% of the shares, which is about 9.46 million shares worth $40.89 million.

Luther King Capital Management, with 3.74% or 7.51 million shares worth $32.44 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.

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Deutsche DWS Investment Tr-DWS Small Cap Core Fd and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Mar 30, 2021. The former held 3.5 million shares worth $13.65 million, making up 1.74% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.48 million shares worth around $13.57 million, which represents about 1.73% of the total shares outstanding.

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