Roth Capital Upgrades Contango Oil & Gas (MCF) to Neutral

Roth Capital analyst John White upgraded Contango Oil & Gas (NYSE: MCF) from Sell to Neutral with a price target of $1.45.

The analyst comments "We previously rated MCF shares Sell based on our concerns of the near term maturity of the bank revolver. Those concerns have been alleviated as MCF has a new credit facility. MCF closed at $1.89 on 9/24/2019 and while our $1.45 target price would fit ROTH's definition of a Sell rating, we rate the shares Neutral while we await more details on the recently announced acquisition."

For an analyst ratings summary and ratings history on Contango Oil & Gas click here. For more ratings news on Contango Oil & Gas click here.

Shares of Contango Oil & Gas closed at $1.89 yesterday.

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