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Last $14.91 USD
Change Today -0.39 / -2.55%
Volume 185.2K
MCF On Other Exchanges
Symbol
Exchange
Berlin
As of 4:15 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

contango oil & gas (MCF) Snapshot

Open
$14.95
Previous Close
$15.30
Day High
$15.30
Day Low
$14.44
52 Week High
05/22/14 - $44.38
52 Week Low
05/22/15 - $14.44
Market Cap
289.1M
Average Volume 10 Days
203.8K
EPS TTM
$-0.67
Shares Outstanding
19.4M
EX-Date
12/6/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CONTANGO OIL & GAS (MCF)

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contango oil & gas (MCF) Details

Contango Oil & Gas Company, an independent energy company, acquires, explores, develops, exploits, and produces crude oil and natural gas properties offshore in the shallow waters of the Gulf of Mexico, and in the onshore Texas Gulf Coast and Rocky Mountain regions in the United States. As of December 31, 2014, it had proved reserves of approximately 275.2 billion cubic feet equivalent, including 179.7 billion cubic feet of natural gas, 8.4 million barrels of crude oil and condensate, and 7.5 million barrels of natural gas liquids. The company was founded in 1986 and is headquartered in Houston, Texas.

92 Employees
Last Reported Date: 03/3/15
Founded in 1986

contango oil & gas (MCF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $659.6K
Senior Vice President of Operations
Total Annual Compensation: $508.3K
Senior Vice President of Exploration
Total Annual Compensation: $492.4K
Senior Vice President of Engineering
Total Annual Compensation: $476.5K
Compensation as of Fiscal Year 2014.

contango oil & gas (MCF) Key Developments

Contango Oil & Gas Company Reports Earnings and Production Results for the First Quarter Ended March 31, 2015; Reports Impairments for the First Quarter Ended March 31, 2015; Provides Production Guidance for Second Quarter of 2015; Provides Capital Expenditure Guidance for 2015

Contango Oil & Gas Company reported earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported net loss of $18.6 million, or $0.98 per basic and diluted share, compared to a net loss of $10.2 million, or $0.53 per basic and diluted share, for the prior year quarter. Adjusted EBITDAX was approximately $14.0 million compared to $58.0 million for the same period last year, a decrease mainly attributable to the $49.6 million decrease in revenues associated with the commodity price declines and lower production. Revenues were $30.6 million compared to $80.3 million for the same period last year, a decrease also attributable to lower production and lower commodity prices. Lower revenues resulting from the dramatic decline in commodity prices and lower production related to reduced drilling activity were offset, in part, by a decrease in exploration and impairment expenses compared with the 2014 first quarter. Net loss before income taxes was $29,113,000 against $18,786,000 a year ago. EBITDAX was $11,180,000 against $43,215,000 a year ago. Production for the three months ended March 31, 2015 was approximately 8.7 Bcfe, or 96.3 Mmcfed, which was within the previously provided guidance, but down from 10.6 Bcfe, or 117.5 MMcfed for the same period last year. This decrease in production was due to minimal new production being added during the quarter as a result of the reduced capital expenditure program generally, and due to the shift to multi-well pad drilling for the majority of the wells drilled in the fourth quarter of 2014 and the current quarter. Crude oil and natural gas liquids production during the current period was approximately 5,200 barrels per day, or 32% of total production, down from approximately 7,000 barrels per day, or 35% of total production for the same period last year, with both declines a function of the overall change in drilling activity. For the quarter, the company reported impairment of oil and gas properties of $2,270,000 against $15,093,000 a year ago. For the second quarter of 2015, the company estimates production will be 90 - 100 Mmcfed, with current production averaging approximately 102 Mmcfed. The company currently anticipates that total capital expenditure program for 2015 will be $50.6 million, including the amounts spent during the current quarter, and which will be funded primarily from internally generated cash flow.

Contango Oil & Gas Company to Report Q1, 2015 Results on May 11, 2015

Contango Oil & Gas Company announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on May 11, 2015

Contango Oil & Gas Company, Q1 2015 Earnings Call, May 11, 2015

Contango Oil & Gas Company, Q1 2015 Earnings Call, May 11, 2015

 

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Industry Analysis

MCF

Industry Average

Valuation MCF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 0.5x
Price/Cash Flow 1.8x
TEV/Sales -- Not Meaningful
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