Shares of Contango Oil & Gas Company (MCF) Sees Large Inflow of Net Money Flow

Contango Oil & Gas Company (MCF) : Contango Oil & Gas Company (MCF) had a healthy money flow of $3 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $10.06 million, whereas, investors only sold shares worth $7.06 million on downticks. The stock closed the day with an up-down ratio of 1.42.The money flow in the block trades to the tune of $3.1 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $4.8 million worth of transactions were on upticks. A paltry $1.7 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 2.82. Contango Oil & Gas Company (MCF) stock slid $3.01 intraday and traded at 9.49, a change of -24.08% over previous days close. However, for the week, the company shares are -25.33% compared to previous weeks close.


Contango Oil & Gas Company (MCF) : The most positive equity analysts on Contango Oil & Gas Company (MCF) expects the shares to touch $15, whereas, the least positive believes that the stock will trade at $11 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $12.5 with an expected fluctuation of $1.73 from the mean.

Contango Oil & Gas Company (NYSEMKT:MCF): On Fridays trading session , Opening price of the stock was $10.1 with an intraday high of $10.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.325. However, the stock managed to close at $9.49, a loss of 24.08% for the day. On the previous day, the stock had closed at $12.5. The total traded volume of the day was 4,577,174 shares.

In a related news, The Securities and Exchange Commission has divulged that Schoonover Steven L, director of Contango Oil & Gas Co, had unloaded 20,000 shares at an average price of $11.91 in a transaction dated on May 24, 2016. The total value of the transaction was worth $238,200.

Contango Oil & Gas Company (Contango) is an independent energy company. The Company is engaged in the acquisition, exploration, development, exploitation and production of crude oil and natural gas properties offshore in the shallow waters of the Gulf of Mexico (GOM) and in the onshore Texas Gulf Coast and Rocky Mountain regions of the United States. As of December 31, 2014, the Companys proved reserves were approximately 275.2 billion cubic feet equivalent (Bcfe), consisting of 179.7 billion cubic feet of natural gas (Bcf) of natural gas, 8.4 million barrels of crude oil or other liquid hydrocarbons (MMBbl) of crude oil and condensate and 7.5 MMBbl of natural gas liquids (NGLs). The Companys onshore properties consist of Southeast Texas (Woodbine), South Texas (Buda/Eagle Ford), South Texas (Elm Hill Project), Natrona County, Wyoming (FRAMS Project), Weston County, Wyoming (N. Cheyenne Project), and others, including East Texas, Colorado and Tuscaloosa Marine Shale (TMS).

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