Contango Oil & Gas Co (Texas) (MCF) stock has gained 8.15% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With MCF Stock Today?
Contango Oil & Gas Co (Texas) (MCF) stock is down -10.19% while the S&P 500 is up 0.39% as of 3:26 PM on Friday, Nov 20. MCF is lower by -$0.16 from the previous closing price of $1.62 on volume of 578,508 shares. Over the past year the S&P 500 has gained 15.23% while MCF is lower by -50.17%. MCF lost -$2.50 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Contango Oil & Gas Co (Texas) click here.
More About Contango Oil & Gas Co (Texas)
Contango Oil & Gas Co is an independent oil and natural gas company. It is engaged in the exploration, development, exploitation, and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico and Rocky Mountain regions of the United States. The company's properties are in the Gulf of Mexico, Oklahoma, Pecos County, Madison and Grimes counties, Zavala and Dimmit counties, San Augustine County, Weston County, Texas Gulf Coast, and Sublette County.
Click Here to get the full Stock Score Report on Contango Oil & Gas Co (Texas) (MCF) Stock.
