Institutional Investors Negative on on Contango Oil & Gas Co Crashed

April 17, 2018 - By Henry Gaston

Contango Oil & Gas Company (NYSEAMERICAN:MCF) Logo

Sentiment for Contango Oil & Gas Co (NYSEMKT:MCF)

Contango Oil & Gas Co (NYSEMKT:MCF) institutional sentiment decreased to 0.49 in 2017 Q4. Its down -0.84, from 1.33 in 2017Q3. The ratio turned negative, as 32 active investment managers increased and opened new positions, while 65 sold and reduced their holdings in Contango Oil & Gas Co. The active investment managers in our partner’s database now hold: 14.79 million shares, down from 19.46 million shares in 2017Q3. Also, the number of active investment managers holding Contango Oil & Gas Co in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 29 Reduced: 36 Increased: 15 New Position: 17.

Contango Oil & Gas Company, an independent oil and natural gas company, acquires, explores, develops, exploits, and produces natural gas and crude oil properties in the offshore shallow waters of the Gulf of Mexico, and in the onshore Texas and Wyoming in the United States. The company has market cap of $87.32 million. As of December 31, 2016, it had proved reserves of approximately 151.8 billion cubic feet equivalent, including 105.1 billion cubic feet of natural gas, 3.4 million barrels of crude oil and condensate, and 4.4 million barrels of natural gas liquids. It currently has negative earnings.

The stock 0.05% or $0 during the last trading session, reaching $3.43. It is down 49.50% since April 17, 2017 and is downtrending. It has underperformed by 61.05% the S&P500.

Analysts await Contango Oil & Gas Company (NYSEAMERICAN:MCF) to report earnings on May, 8. They expect $-0.17 earnings per share, down 525.00 % or $0.21 from last year’s $0.04 per share. After $-0.23 actual earnings per share reported by Contango Oil & Gas Company for the previous quarter, Wall Street now forecasts -26.09 % EPS growth.

Messner & Smith Theme Value Investment Management Ltd Ca holds 1.53% of its portfolio in Contango Oil & Gas Company for 204,405 shares. Proxima Capital Management Llc owns 266,064 shares or 0.73% of their US portfolio. Moreover, Ariel Investments Llc has 0.17% invested in the company for 3.16 million shares. The Texas-based Usca Ria Llc has invested 0.05% in the stock. Mraz Amerine & Associates Inc., a California-based fund reported 27,593 shares.#img1#

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

Ratings analysis reveals 100% of Contango Oil & Gas Company’s analysts are positive. Out of 2 Wall Street analysts rating Contango Oil & Gas Company, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. MCF was included in 2 notes of analysts from November 13, 2017. The stock has “Buy” rating by Seaport Global on Tuesday, December 19. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 13.

Contango Oil & Gas Company (NYSEAMERICAN:MCF) Institutional Positions Chart

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