Contango Oil & Gas Company MCF was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company for the company—as the stock is now up 87.10% in the past one-month time frame.
The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Contango Oil & Gas currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Contango Oil & Gas Company Price
A better-ranked stock in the Oils-Energy sector is Northern Oil and Gas, Inc. NOG, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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