Home Sectors Energy Stock to Track: Contango Oil And Gas Company (AMEX: MCF)

Stock to Track: Contango Oil And Gas Company (AMEX: MCF)

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Contango Oil And Gas Company is in the oil and gas exploration and production industry and is part of the energy sector. Contango Oil and Gas Company is an independent energy company. It is engaged in the exploration, development, production and acquisition of crude oil, natural gas and natural gas liquids reserves in the Gulf of Mexico.

Previous Intraday Trading Performance:

The MCF stock showed a previous change of 2.38% with an open at 3.38 and a close of 3.44. It reached an intraday high of 3.60 and a low of 3.36.

SeekingAlpha:  New pipelines drain Permian crude inventories to four-month low

Liquidity:

The stock has a market cap of $117.5m with 34.2m shares outstanding, of which the float is 31.0m shares. Trading volume reached 135,663 shares compared to its average volume of 121,449 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Contango Oil And Gas Company shares returned 5.20% and in the past 30 trading days it returned -8.27%. Over three months, it changed -4.44%. In one year it has changed 0.58% and within that year its 52-week high was 7.32 and its 52-week low was 2.72. MCF stock is 26.47% above its 52 Week Low.

Our calculations show a 200 day moving average of 4.85 and a 50 day moving average of 3.65. Currently MCF stock is trading -29.08% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  Permian crude price pushes to highest since March on lower supply

Earnings:

The last annual fiscal EPS for the company was reported at -0.7 that ended on 31st of December 2017. Based on 1 analyst estimate, the estimated EPS for the next quarter is -0.20. The TTM EPS is -0.88, which comes to a TTM PE of -3.91.

The following are the last four quarter reported earnings per share:
09-30-2018:  -0.28
06-30-2018:  -0.19
03-31-2018:  -0.18
12-31-2017:  -0.23

Indicators to Watch:

Based on the latest filings, there is 73.40% of institutional ownership. Short-interest is 1,685,206, which is 4.93% of shares outstanding. The short-interest ratio or days-to-cover ratio is 14.64. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.61

SeekingAlpha:  Permian crude price pushes to highest since March on lower supply

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -50.92%, return on assets is -27.61%, price-to-sales is 1.97 and price-to-book is 0.82.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 0  :Past Performance Score
 0  :Financial Strength Score
 0  :Future Growth Score
 0  :Dividend Score
 0  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.