MCF Falls to Levels Below Book Value

In trading on Monday, shares of Contango Oil & Gas Co. (MCF) crossed below their last reported book value — defined as common shareholder equity per share — of $30.68, changing hands as low as $30.63 per share. Contango Oil & Gas Co. shares are currently trading off about 3.7% on the day. The chart below shows the one year performance of MCF shares, versus its 50 and 200 day moving averages:

START SLIDESHOW:
Click here to find out which 9 other stocks recently crossed below their book value »

Contango Oil & Gas Co.  Moving Averages Chart

Looking at the chart above, MCF's low point in its 52 week range is $29.80 per share, with $50.44 as the 52 week high point — that compares with a last trade of $30.72.

According to the ETF Finder at ETF Channel, MCF makes up 1.43% of the iShares Enhanced U.S. Small-Cap ETF ( IESM) which is trading up by about 0.2% on the day Monday.

More from Stocks

Eli Lilly Shares Jump After Dividend Boost, Robust 2019 Outlook

Eli Lilly Shares Jump After Dividend Boost, Robust 2019 Outlook

Fed, Micron, Glaxo and Pfizer, FedEx and Facebook - 5 Things You Must Know

Fed, Micron, Glaxo and Pfizer, FedEx and Facebook - 5 Things You Must Know

Listen for These Words from Federal Reserve Chairman Jerome Powell

Listen for These Words from Federal Reserve Chairman Jerome Powell

Saudi Arabia Is Wishing for Rising Oil Prices to Balance Their Budget

Saudi Arabia Is Wishing for Rising Oil Prices to Balance Their Budget

Jim Cramer: Get Ready for a Wild Ride on This Fed Rate-Hike Day

Jim Cramer: Get Ready for a Wild Ride on This Fed Rate-Hike Day