Contango Oil & Gas Company (AMEX:MCF) independent oil and natural gas firm, is reporting third quarter earnings results on Monday 16th November 2020, after market close.
Previous Quarter Performance
Contango Oil & Gas Company announced loss for the second quarter of $ 0.21 per share, from the revenue of $ 17.84 million. Street analysts expected $ 29.74 million. The top line results fell short of analysts by $ 11.9 million or 40.01 percent.
Stock Performance
On Friday, shares of Contango Oil & Gas Company has traded high as $ 1.38 and has cracked $ 1.31 on the downward trend, reaching $ 1.35 with volume of 412.00 thousand shares.
According to the previous trading day, closing price of $ 1.35, representing a 61.90 % increase from the 52 week low of $ 0.84 and a 71.61 % decrease over the 52 week high of $ 4.79.
The company has a market capital of $ 215.31 million and is part of the Energy sector and Oil & Gas E&P industry.
Conference Call
Contango Oil & Gas Company will be hosting a conference call at 6:00 PM eastern time on 16th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 800-309-1256 (United States) or 1-323-347-3622 Toll Number, with passcode : 732123 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.contango.com
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, 2018, it had proved reserves of approximately 131.9 billion cubic feet equivalent, including 54.2 billion cubic feet of natural gas, 9.4 million barrels of crude oil and condensate, and 3.5 million barrels of natural gas liquids. The company was founded in 1986 and is based in Houston, Texas.
