Contango Oil & Gas (NYSE:MCF) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Contango Oil & Gas (NYSE:MCF – Get Rating) in a report released on Monday. The firm set a “sell” rating on the stock.

Contango Oil & Gas Price Performance

Shares of NYSE MCF opened at $3.22 on Monday. The business has a fifty day moving average of $3.22 and a two-hundred day moving average of $3.22. Contango Oil & Gas has a 52-week low of $1.58 and a 52-week high of $6.94.

Contango Oil & Gas Company Profile

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Contango Oil & Gas Company is a Fort Worth, Texas based, independent oil and natural gas company whose business is to maximize production and cash flow from its offshore properties in the shallow waters of the Gulf of Mexico and onshore properties in Texas, Oklahoma, Wyoming, and Louisiana and, when determined appropriate, to use that cash flow to explore, develop, and increase production from its existing properties, to acquire additional PDP-heavy crude oil and natural gas properties or to pay down debt.