Contango Oil & Gas
Market Cap
US$528.0m
Last Updated
2021/01/19 23:05 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. More Details
Risk Analysis
Snowflake Analysis
Imperfect balance sheet with weak fundamentals.
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 is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 18% a week.
Volatility Over Time: MCF's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of US stocks.
Market Performance
7 Day Return
15.0%
MCF
2.4%
US Oil and Gas
-0.4%
US Market
1 Year Return
-18.5%
MCF
-26.7%
US Oil and Gas
19.5%
US Market
Return vs Industry: MCF exceeded the US Oil and Gas industry which returned -26.7% over the past year.
Return vs Market: MCF underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| MCF | Industry | Market | |
|---|---|---|---|
| 7 Day | 15.0% | 2.4% | -0.4% |
| 30 Day | 45.4% | 10.6% | 2.3% |
| 90 Day | 139.1% | 40.2% | 12.7% |
| 1 Year | -18.5%-18.5% | -21.8%-26.7% | 22.3%19.5% |
| 3 Year | -41.5%-41.5% | -33.3%-42.3% | 44.4%34.8% |
| 5 Year | -33.6%-33.6% | 4.3%-16.1% | 128.7%103.3% |
Long-Term 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
1 month ago | Simply Wall St
Is Contango Oil & Gas Company's (NYSEMKT:MCF) Shareholder Ownership Skewed Towards Insiders?5 months ago | Simply Wall St
Does Contango Oil & Gas' (NYSEMKT:MCF) Share Price Gain of 92% Match Its Business Performance?5 months ago | Simply Wall St
Did You Miss Contango Oil & Gas' (NYSEMKT:MCF) 92% Share Price Gain?Valuation
Is Contango Oil & Gas undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Contango Oil & Gas is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Contango Oil & Gas has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
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.
- When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Contango Oil & Gas regulatory filings.
- Explore potentially undervalued companies in the Energy industry.
Future Growth
How is Contango Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
53.3%
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?
4.8%
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 4.8% 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 (-32.7%).
Return on Equity
High ROE: MCF's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is Contango Oil & Gas's financial position?
Financial Position Analysis
Short Term Liabilities: MCF has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MCF has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MCF has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MCF's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MCF is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.
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?
0.5yrs
Average management tenure
CEO
Wilkie Colyer (35 yo)
2.42yrs
Tenure
US$647,997
Compensation
Mr. Wilkie Schell Colyer, Jr. has been Chief Executive Officer and Director of Contango Oil & Gas Company since August 15, 2018 and served as its President until July 2020. He was Interim President of Cont...
CEO Compensation Analysis
Compensation vs Market: Wilkie's total compensation ($USD648.00K) is below average for companies of similar size in the US market ($USD1.66M).
Compensation vs Earnings: Wilkie's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.42yrs | US$648.00k | 0.62% $ 3.3m | |
| CFO, Senior VP & Assistant Secretary | 7.25yrs | US$499.42k | 0.15% $ 782.2k | |
| President | 0.50yr | no data | 0.035% $ 182.4k | |
| Senior VP & Chief Operating Officer | 0.50yr | no data | no data | |
| Senior VP | 0.50yr | no data | no data |
0.5yrs
Average Tenure
43yo
Average Age
Experienced Management: MCF's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.42yrs | US$648.00k | 0.62% $ 3.3m | |
| Independent Director | 2.42yrs | US$90.11k | 19.84% $ 104.7m | |
| Independent Director | 7.25yrs | US$115.11k | 0.071% $ 374.4k | |
| Independent Director | 13.5yrs | US$108.61k | 0.065% $ 343.6k | |
| Independent Director | 8.17yrs | US$95.11k | 0.081% $ 429.6k |
7.3yrs
Average Tenure
67yo
Average Age
Experienced Board: MCF's board of directors are considered experienced (7.3 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.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.5%.
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$528.010m
- Shares outstanding: 173.69m
- 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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:05 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| 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.