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Contango Oil & Gas Company (MCF) Jumps: Stock Rises 11.5%
Contango Oil & Gas Company 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
Contango Oil & Gas Company Price | Contango Oil & Gas Company Quote
A better-ranked stock in the Oils-Energy sector is Northern Oil and Gas, Inc. (NOG - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is MCF going up? Or down? Predict to see what others think: Up or Down.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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