Contango Oil & Gas (NYSE:MCF) Now Covered by StockNews.com

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

Contango Oil & Gas Price Performance

Shares of Contango Oil & Gas stock opened at $3.22 on Wednesday. Contango Oil & Gas has a 12-month low of $1.58 and a 12-month high of $6.94. The company’s 50-day moving average price is $3.22 and its 200-day moving average price is $3.22.

About Contango Oil & Gas

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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.