Contango Oil & Gas Stock Hits New 52-Week High (MCF)

NEW YORK ( TheStreet) -- Contango Oil & Gas Company (AMEX: MCF) hit a new 52-week high Thursday as it is currently trading at $67.36, above its previous 52-week high of $67.25 with 81,290 shares traded as of 1:14 p.m. ET. Average volume has been 135,500 shares over the past 30 days.

Contango Oil & Gas has a market cap of $951.7 million and is part of the basic materials sector and energy industry. Shares are up 9.9% year to date as of the close of trading on Wednesday.

Contango Oil & Gas Company, an independent natural gas and oil company, explores, develops, produces, and acquires natural gas and oil properties primarily offshore in the Gulf of Mexico. The company was founded in 1986 and is based in Houston, Texas. The company has a P/E ratio of 15.3, above the average energy industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Contango Oil & Gas as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and revenue growth. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Contango Oil & Gas Ratings Report.

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