Contango Oil & Gas Company (MCF) Latest Earnings Release EPS Down By $-0.39

Contango Oil & Gas Company (MCF) announced its most recent quarterly financial results on Wednesday, Mar-15-2017. MCF reported $-0.69 earnings per share for the quarter, missing the analyst consensus estimate by $-0.39. Analysts had a consensus of $-0.30. The company posted revenue of $21.66 million in the period, compared to analysts expectations of $19.68 million. MCF’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-5.85 EPS.

Several company insiders have filed Insider transactions , on May 25, 2016, Steven L Schoonover (director) sold 20,000 shares at $11.91 per share price. According to the SEC, on May 16, 2016, John Anthony Thomas (VP/Secretary/General Counsel) sold 1,164 shares at $12.86 per share price. On May 16, 2016, Sergio Castro (VP & Treasurer) sold 2,264 shares at $12.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Contango Oil & Gas Company opened for trading at $5.98 and hit $6.61 on the upside on Wednesday, eventually ending the session at $6.45, with a gain of 8.40% or 0.5 points. The heightened volatility saw the trading volume jump to 3,97,622 shares. Company has a market cap of $163 M.

Contango Oil & Gas Company (Contango) is an independent energy company. The Company is engaged in the acquisition exploration development exploitation and production of crude oil and natural gas properties offshore in the shallow waters of the Gulf of Mexico (GOM) and in the onshore Texas Gulf Coast and Rocky Mountain regions of the United States. As of December 31 2014 the Company’s proved reserves were approximately 275.2 billion cubic feet equivalent (Bcfe) consisting of 179.7 billion cubic feet of natural gas (Bcf) of natural gas 8.4 million barrels of crude oil or other liquid hydrocarbons (MMBbl) of crude oil and condensate and 7.5 MMBbl of natural gas liquids (NGLs). The Company’s onshore properties consist of Southeast Texas (Woodbine) South Texas (Buda/Eagle Ford) South Texas (Elm Hill Project) Natrona County Wyoming (FRAMS Project) Weston County Wyoming (N. Cheyenne Project) and others including East Texas Colorado and Tuscaloosa Marine Shale (TMS).

Contango Oil & Gas Company

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