Contango Oil & Gas
Market Cap
US$391.0m
Last Updated
2020/06/03 02:05 UTC
Data Sources
Company Financials
Executive Summary
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, Oklahoma, Louisiana, and Wyoming in the United States.
Snowflake Analysis
Weak fundamentals or lack of information.
Similar Companies
Share Price & News
How has Contango Oil & Gas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MCF's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
16.5%
MCF
0.9%
US Oil and Gas
1.7%
US Market
1 Year Return
49.3%
MCF
-33.0%
US Oil and Gas
8.5%
US Market
Return vs Industry: MCF exceeded the US Oil and Gas industry which returned -33.6% over the past year.
Return vs Market: MCF exceeded the US Market which returned 9.3% over the past year.
Shareholder returns
| MCF | Industry | Market | |
|---|---|---|---|
| 7 Day | 16.5% | 0.9% | 1.7% |
| 30 Day | 27.3% | 7.5% | 9.5% |
| 90 Day | -8.2% | -11.4% | 0.1% |
| 1 Year | 49.3%49.3% | -29.8%-33.0% | 11.0%8.5% |
| 3 Year | -50.7%-50.7% | -31.0%-37.9% | 32.2%23.5% |
| 5 Year | -75.7%-75.7% | -39.1%-48.3% | 58.6%40.8% |
Price Volatility Vs. Market
How volatile is Contango Oil & Gas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
We Think Contango Oil & Gas (NYSEMKT:MCF) Has A Fair Chunk Of Debt1 month ago | Simply Wall St
Imagine Owning Contango Oil & Gas (NYSEMKT:MCF) And Trying To Stomach The 92% Share Price Drop2 months ago | Simply Wall St
Have Insiders Been Buying Contango Oil & Gas Company (NYSEMKT:MCF) Shares?Valuation
Is Contango Oil & Gas undervalued compared to its fair value and its price relative to the market?
3.37x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MCF's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MCF's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MCF is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: MCF is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MCF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MCF is overvalued based on its PB Ratio (3.4x) compared to the US Oil and Gas industry average (0.7x).
Next Steps
Future Growth
How is Contango Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
51.0%
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Contango Oil & Gas has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of MCF’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Contango Oil & Gas competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has Contango Oil & Gas performed over the past 5 years?
12.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCF is currently unprofitable.
Growing Profit Margin: MCF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MCF is unprofitable, but has reduced losses over the past 5 years at a rate of 12.6% per year.
Accelerating Growth: Unable to compare MCF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MCF is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.8%).
Return on Equity
High ROE: MCF has a negative Return on Equity (-137.71%), as it is currently unprofitable.
Next Steps
Financial Health
How is Contango Oil & Gas's financial position?
Financial Position Analysis
Short Term Liabilities: MCF's short term assets ($46.4M) do not cover its short term liabilities ($110.5M).
Long Term Liabilities: MCF's short term assets ($46.4M) do not cover its long term liabilities ($127.2M).
Debt to Equity History and Analysis
Debt Level: MCF's debt to equity ratio (62.7%) is considered high.
Reducing Debt: MCF's debt to equity ratio has increased from 11.2% to 62.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MCF has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MCF has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.1% each year
Next Steps
Dividend
What is Contango Oil & Gas's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MCF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MCF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MCF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MCF's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MCF's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Wilkie Colyer (34yo)
1.83yrs
Tenure
US$647,997
Compensation
Mr. Wilkie S. Colyer, Jr. has been Chief Executive Officer and Director of Contango Oil & Gas Company since August 15, 2018 and serves as its President. He was Interim President of Contango Oil & Gas Compa ...
CEO Compensation Analysis
Compensation vs Market: Wilkie's total compensation ($USD648.00K) is below average for companies of similar size in the US market ($USD2.22M).
Compensation vs Earnings: Wilkie's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.83yrs | US$648.00k | 0.78% $3.1m | |
| CFO, Senior VP & Assistant Secretary | 6.67yrs | US$499.42k | 0.18% $705.5k | |
| Vice President of Operations | 1.33yrs | US$380.87k | 0.026% $100.3k | |
| Senior VP of Corporate Development | 0.67yr | no data | no data |
1.6yrs
Average Tenure
52yo
Average Age
Experienced Management: MCF's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.83yrs | US$648.00k | 0.78% $3.1m | |
| Independent Director | 6.67yrs | US$110.11k | 0.044% $173.7k | |
| Independent Non Executive Chairman | 0.67yr | US$90.11k | 18.34% $71.7m | |
| Independent Director | 6.67yrs | US$115.11k | 0.055% $214.9k | |
| Independent Director | 12.92yrs | US$108.61k | 0.048% $187.5k | |
| Independent Director | 7.58yrs | US$95.11k | 0.070% $272.9k |
6.7yrs
Average Tenure
64.5yo
Average Age
Experienced Board: MCF's board of directors are considered experienced (6.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 275.1%.
Top Shareholders
Company Information
Contango Oil & Gas Company's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Contango Oil & Gas Company
- Ticker: MCF
- Exchange: AMEX
- Founded: 1986
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$391.028m
- Shares outstanding: 129.05m
- Website: https://www.contango.com
Number of Employees
Location
- Contango Oil & Gas Company
- 717 Texas Avenue
- Suite 2900
- Houston
- Texas
- 77002
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MCF | AMEX (NYSE MKT LLC) | Yes | Common Stock | US | USD | Jan 1991 |
| C8K | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1991 |
Biography
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, Oklahoma, Louisiana, and Wyoming in the United States. As of December 31, 2019, it had proved reserves of approximately 316.4 billion cubic feet equivalent, including 131.3 billion cubic feet of natural gas, 19.1 million barrels of crude oil and condensate, and 11.8 million barrels of natural gas liquids. The company was founded in 1986 and is based in Houston, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/03 02:05 |
| End of Day Share Price | 2020/06/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.