Last $23.53 USD
Change Today -0.81 / -3.33%
Volume 151.9K
As of 4:15 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

contango oil & gas (MCF) Snapshot

Open
$24.26
Previous Close
$24.34
Day High
$24.59
Day Low
$23.17
52 Week High
03/4/14 - $50.44
52 Week Low
02/27/15 - $23.17
Market Cap
455.9M
Average Volume 10 Days
181.5K
EPS TTM
$0.73
Shares Outstanding
19.4M
EX-Date
12/6/12
P/E TM
32.2x
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 natural gas and oil company, explores, develops, produces, and acquires natural gas and oil properties primarily offshore in the shallow waters of the Gulf of Mexico. The company was founded in 1986 and is based in Houston, Texas.

79 Employees
Last Reported Date: 03/28/14
Founded in 1986

contango oil & gas (MCF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $569.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $328.9K
Senior Vice President of Operations
Total Annual Compensation: $259.8K
Senior Vice President of Engineering
Total Annual Compensation: $205.4K
Senior Vice President of Exploration
Total Annual Compensation: $200.6K
Compensation as of Fiscal Year 2013.

contango oil & gas (MCF) Key Developments

Contango Oil & Gas Company Announces Production Results for the Fourth Quarter Ended December 31, 2014; Announces Capital Expenditure for the Year 2014; Provides Production Guidance for the First Quarter of 2015

Contango Oil & Gas Company announced production results for the fourth quarter ended December 31, 2014. Production for the fourth quarter of 2014 was approximately 9.8 Bcfe, or 106.2 Mmcfe per day. Production for the fourth quarter was approximately 3% less than production for the fourth quarter of 2013, due primarily to transition to a multi-well pad drilling strategy in Chalktown area late in the third quarter of 2014. The change to multi-well pad drilling provides drilling cost efficiencies and overall recovery enhancement; however, the related delay in initial production from the two new three-well pads drilled in September through December precluded from increasing production compared to the prior year quarter. Crude oil and natural gas liquids production during the fourth quarter of 2014 was approximately 5,600 barrels per day, or 32% of total production, compared to approximately 6,300 barrels per day, or 34% of total production, in the fourth quarter of 2013, a decline also associated with the lower capital expenditures in the fourth quarter and the change in drilling strategy in Chalktown area. Total 2014 capital expenditures were $189 million. First quarter 2015 production guidance of 95-105 Mmcfed reflects the impact of the lower fourth quarter 2014 capital program, the expected delays in attaining full production rates from new multi-well pads drilled in Chalktown area and decision to reduce planned 2015 capital program (as described herein) due to the low and uncertain commodity price environment.

Contango Eyes Acquisitions

Contango Oil & Gas Company (AMEX:MCF) is looking for acquisition opportunities. Allan Keel, President and Chief Executive Officer of Contango, commented, though not formally incorporated in our 2015 budget, our strong financial liquidity position should allow us to be opportunistic and take advantage of new resource potential opportunities, organically or through acquisition, which we might identify in a continuing low commodity price environment.

Contango Oil & Gas Company to Report Q4, 2014 Operating Results on Feb 17, 2015

Contango Oil & Gas Company announced that they will report Q4, 2014 operating results at 5:00 PM, Eastern Standard Time on Feb 17, 2015

 

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Industry Analysis

MCF

Industry Average

Valuation MCF Industry Range
Price/Earnings 100.0x
Price/Sales 1.7x
Price/Book 0.8x
Price/Cash Flow 2.8x
TEV/Sales -- Not Meaningful
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