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

StockNews.com initiated coverage on shares of Contango Oil & Gas (NYSE:MCF – Get Rating) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

NYSE:MCF opened at $3.22 on Tuesday. The firm’s fifty day moving average price is $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 (Get Rating)

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.

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