Fabrinet (FN) Touches $37.59 Formed H&S; Contango Oil & Gas Co Has 0.82 Sentiment

June 12, 2018 - By Clifton Ray

Contango Oil & Gas Company (NYSEAMERICAN:MCF) Logo

Fabrinet (FN) formed inverse H&S with $39.85 target or 6.00% above today’s $37.59 share price. Fabrinet (FN) has $1.39 billion valuation. The stock increased 1.73% or $0.64 during the last trading session, reaching $37.59. About 208,823 shares traded. Fabrinet (NYSE:FN) has declined 0.57% since June 12, 2017 and is downtrending. It has underperformed by 13.14% the S&P500. Some Historical FN News: ; 01/05/2018 – Pekin Singer Strauss Asset Mgmt Buys 1.3% Position in Fabrinet; 22/05/2018 – Fabrinet Presenting at Conference Tomorrow; 07/05/2018 – Fabrinet 3Q Rev $332.2M; 11/05/2018 – Fabrinet Presenting at Conference May 23; 17/04/2018 – U.S. suppliers to ZTE may find more demand from China firm’s rivals; 07/05/2018 – Fabrinet Sees 4Q Adj EPS 73c-Adj EPS 77c; 07/05/2018 – Fabrinet Sees 4Q Rev $334M-$342M; 07/05/2018 – Fabrinet 3Q EPS 55c; 07/05/2018 – FABRINET SEES 4Q ADJ EPS 73C TO 77C, EST. 75C; 07/05/2018 – FABRINET 3Q REV. $332.2M, EST. $319.3M




Contango Oil & Gas Co (MCF) investors sentiment increased to 0.82 in Q1 2018. It’s up 0.33, from 0.49 in 2017Q4. The ratio is more positive, as 27 funds increased or opened new positions, while 33 sold and trimmed stock positions in Contango Oil & Gas Co. The funds in our database now own: 16.58 million shares, up from 14.79 million shares in 2017Q4. Also, the number of funds holding Contango Oil & Gas Co in top ten positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 21 Increased: 22 New Position: 5.

Messner & Smith Theme Value Investment Management Ltd Ca holds 1.24% of its portfolio in Contango Oil & Gas Company for 210,755 shares. Proxima Capital Management Llc owns 266,064 shares or 0.52% of their US portfolio. Moreover, Ariel Investments Llc has 0.17% invested in the company for 4.19 million shares. The Texas-based Usca Ria Llc has invested 0.04% in the stock. Mraz Amerine & Associates Inc., a California-based fund reported 27,593 shares.

Analysts await Contango Oil & Gas Company (NYSEAMERICAN:MCF) to report earnings on August, 1. They expect $-0.16 earnings per share, up 33.33% or $0.08 from last year’s $-0.24 per share. After $-0.18 actual earnings per share reported by Contango Oil & Gas Company for the previous quarter, Wall Street now forecasts -11.11% EPS growth.

Contango Oil & Gas Company, an independent oil and natural gas company, acquires, explores, develops, exploits, and produces natural gas and crude oil properties in the offshore shallow waters of the Gulf of Mexico, and in the onshore Texas and Wyoming in the United States. The company has market cap of $113.43 million. As of December 31, 2016, it had proved reserves of approximately 151.8 billion cubic feet equivalent, including 105.1 billion cubic feet of natural gas, 3.4 million barrels of crude oil and condensate, and 4.4 million barrels of natural gas liquids. It currently has negative earnings.

The stock increased 5.24% or $0.22 during the last trading session, reaching $4.42. About 321,820 shares traded. Contango Oil & Gas Company (MCF) has declined 35.75% since June 12, 2017 and is downtrending. It has underperformed by 48.32% the S&P500. Some Historical MCF News: ; 05/03/2018 – CONTANGO SEES 4Q PRODUCTION OF ABOUT 4.8 BCFE; 09/05/2018 – Contango Oil & Gas Short-Interest Ratio Rises 22% to 7 Days; 02/04/2018 – CONTANGO SELLS EAGLE FORD SHALE ASSETS FOR $21M; 20/03/2018 – CONTANGO ASSET MANAGEMENT LTD – MARTY SWITZER TO TAKE ON CEO ROLE ON A PERMANENT BASIS; 22/04/2018 – DJ Contango ORE Inc, Inst Holders, 1Q 2018 (CTGO); 02/04/2018 – CONTANGO OIL & GAS CO – CASH PROCEEDS FROM TRANSACTION WILL BE USED TO PAY DOWN OUTSTANDING BORROWINGS UNDER REVOLVING CREDIT FACILITY; 23/04/2018 – Contango ORE, Inc. Responds to 13D Filing; 11/05/2018 – CONTANGO ORE INC CTGO.PK QUARTERLY SHR LOSS $0.15; 04/04/2018 – Contango ORE, Inc. Announces Budget for the 2018 Phase l Drilling Program; 11/04/2018 – Contango Updates Southern Delaware Basin Operations

Analysts await Fabrinet (NYSE:FN) to report earnings on August, 20. They expect $0.75 EPS, up 4.17% or $0.03 from last year’s $0.72 per share. FN’s profit will be $27.67 million for 12.53 P/E if the $0.75 EPS becomes a reality. After $0.55 actual EPS reported by Fabrinet for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

Among 8 analysts covering Fabrinet (NYSE:FN), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Fabrinet has $60 highest and $23 lowest target. $40.25’s average target is 7.08% above currents $37.59 stock price. Fabrinet had 43 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, January 24 by Stifel Nicolaus. The firm earned “Overweight” rating on Friday, May 27 by JP Morgan. The rating was maintained by B. Riley & Co on Tuesday, November 3 with “Buy”. The firm has “Buy” rating given on Tuesday, February 7 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $48.0 target in Monday, August 21 report. The stock of Fabrinet (NYSE:FN) earned “Hold” rating by J.P. Morgan on Tuesday, November 7. The stock of Fabrinet (NYSE:FN) earned “Overweight” rating by JP Morgan on Thursday, March 31. The firm has “Buy” rating given on Monday, January 29 by Northland Capital. Needham maintained the shares of FN in report on Tuesday, February 6 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, May 3 report.

Contango Oil & Gas Company (NYSEAMERICAN:MCF) Institutional Positions Chart

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