Contango Oil & Gas Company (NASDAQ:MCF) shares traded up 29.6% during mid-day trading on Monday . The company traded as high as $1.78 and last traded at $1.75, 804,585 shares changed hands during mid-day trading. An increase of 577% from the average session volume of 118,928 shares. The stock had previously closed at $1.35.

Separately, Roth Capital downgraded shares of Contango Oil & Gas from a “neutral” rating to a “sell” rating in a report on Thursday, July 11th.

The business’s 50 day simple moving average is $1.13 and its 200 day simple moving average is $2.25.

Contango Oil & Gas (NASDAQ:MCF) last released its earnings results on Thursday, August 8th. The company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). The firm had revenue of $12.76 million for the quarter, compared to the consensus estimate of $14.53 million.

Contango Oil & Gas Company Profile (NASDAQ:MCF)

Contango Oil & Gas Company, an independent oil and natural gas company, acquires, explores, develops, exploits, and produces crude oil and natural gas properties in the shallow waters of the Gulf of Mexico and onshore properties in Texas and Wyoming in the United States. As of December 31, 2017, it had proved reserves of approximately 189.3 billion cubic feet equivalent, including 91.7 billion cubic feet of natural gas, 10.6 million barrels of crude oil and condensate, and 5.6 million barrels of natural gas liquids.

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