Contango Oil & Gas Company (NYSE:MCF) traded at $1.47 at last check on Friday, Nov 20, making a downturn move of -9.26% on its previous day’s price.
Looking at the stock we see that its previous close was $1.62 and the beta (5Y monthly) reads 2.54 with the day’s price range being $1.4500 – 1.6200. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, MCF has a high of $4.79 and a low of $0.84. The company’s stock has gained about -6.37% over that past 30 days.
Contango has a market cap of $236.18 Million and is expected to release its quarterly earnings report on November 16, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the MCF stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at -$0.41 for 2020 and -$0.2 for next year. These figures represent -0.86% and at -0.51% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the MCF stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare Contango (MCF) stock to its peers. We find that today’s price change of -9.26% and -51.64% over the past 12 months for MCF competes that of Eog Resources (EOG), which has seen its stock price fall -0.15% in the latest trading session and is -38.09% over the last one year. Another of its peers Pioneer Natural Resources Company (PXD) has dropped -0.85% today, but is -26.72% down over the past year, while Cheniere Energy (LNG) is also down -9.26% yet its price remains in the red at -51.64% over the same period. Eog has a P/E ratio of 0 compared to Contango’s 0 and Pioneer’s 91.68. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Contango Oil & Gas Company (NYSE:MCF), we note that the average 3-month trading volume was 567.55 Million, while that of the preceding 10-day period stands at 732Million. Current shares outstanding are 159.49 Million.
According to data from Thomson Reuters, insiders hold 46.75% of the company’s shares while institutions hold 36.78%. The data shows that short shares as of October 29, 2020, stood at 8.55 Million at a short ratio of 16.66. This represents a 5.36% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 8.28 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -59.95% down in year-to-date price movement.