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Contango reports 4Q loss

HOUSTON (AP) _ Contango Oil & Gas Co. (MCF) on Wednesday reported a loss of $16.8 million in its fourth quarter.

On a per-share basis, the Houston-based company said it had a loss of 69 cents. Losses, adjusted for asset impairment costs, came to 42 cents per share.

The oil and gas company posted revenue of $21.7 million in the period.

For the year, the company reported that its loss narrowed to $58 million, or $2.71 per share. Revenue was reported as $78.2 million.

Contango shares have decreased 31 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.45, a decline of 29 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCF at https://www.zacks.com/ap/MCF


Keywords: Contango, Earnings Report