Jones Collombin Investment Counsel Has Cut Jpmorgan Chase & Co (JPM) Position; Contango Oil & Gas Co Has 1.11 Sentiment

July 17, 2017 - By Richard Conner

Contango Oil & Gas Company is an independent oil and natural gas company. The company has market cap of $164.45 million. The Firm is engaged in the exploration, development, exploitation and acquisition of natural gas and crude oil properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico (GOM) and Rocky Mountain regions of the United States. It currently has negative earnings. The Company’s properties are located in Gulf of Mexico; Madison and Grimes counties, Texas; Zavala and Dimmit counties, Texas; Weston County, Wyoming; Texas Gulf Coast, and Sublette County, Wyoming.

Jones Collombin Investment Counsel Inc decreased Jpmorgan Chase & Co (JPM) stake by 14.26% reported in 2016Q4 SEC filing. Jones Collombin Investment Counsel Inc sold 18,700 shares as Jpmorgan Chase & Co (JPM)’s stock declined 6.04%. The Jones Collombin Investment Counsel Inc holds 112,415 shares with $9.70M value, down from 131,115 last quarter. Jpmorgan Chase & Co now has $324.75 billion valuation. The stock decreased 0.91% or $0.85 during the last trading session, reaching $92.25. About 10 shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since July 17, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

The stock decreased 1.07% or $0.07 on July 14, reaching $6.5. About shares traded. Contango Oil & Gas Company (MCF) has declined 40.53% since July 17, 2016 and is downtrending. It has underperformed by 57.23% the S&P500.

Analysts await Contango Oil & Gas Company (NYSEMKT:MCF) to report earnings on August, 2. They expect $-0.16 earnings per share, up 66.67% or $0.32 from last year’s $-0.48 per share. After $0.04 actual earnings per share reported by Contango Oil & Gas Company for the previous quarter, Wall Street now forecasts -500.00% negative EPS growth.

Messner & Smith Theme Value Investment Management Ltd Ca holds 1.54% of its portfolio in Contango Oil & Gas Company for 100,879 shares. Pacific Alternative Asset Management Company Llc owns 336,225 shares or 0.94% of their US portfolio. Moreover, Grt Capital Partners L.L.C. has 0.46% invested in the company for 175,224 shares. The Illinois-based Ariel Investments Llc has invested 0.41% in the stock. Tfs Capital Llc, a Pennsylvania-based fund reported 110,179 shares.

Since May 11, 2017, it had 0 buys, and 1 insider sale for $568,100 activity. On Thursday, May 11 BACON ASHLEY sold $568,100 worth of JPMorgan Chase & Co. (NYSE:JPM) or 6,514 shares.

Analysts await JPMorgan Chase & Co. (NYSE:JPM) to report earnings on October, 13. They expect $1.68 EPS, up 6.33% or $0.10 from last year’s $1.58 per share. JPM’s profit will be $5.91 billion for 13.73 P/E if the $1.68 EPS becomes a reality. After $1.82 actual EPS reported by JPMorgan Chase & Co. for the previous quarter, Wall Street now forecasts -7.69% negative EPS growth.

Among 28 analysts covering JPMorgan Chase & Co (NYSE:JPM), 15 have Buy rating, 2 Sell and 11 Hold. Therefore 54% are positive. JPMorgan Chase & Co had 61 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Monday, October 10 with “Buy”. The rating was maintained by Oppenheimer with “Hold” on Friday, July 14. The company was maintained on Wednesday, February 24 by Jefferies. Argus Research maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Wednesday, October 14. Argus Research has “Buy” rating and $76 target. The firm has “Buy” rating given on Wednesday, August 12 by Deutsche Bank. CLSA upgraded JPMorgan Chase & Co. (NYSE:JPM) on Tuesday, August 25 to “Outperform” rating. Vining Sparks maintained the stock with “Outperform” rating in Friday, April 28 report. Nomura maintained the stock with “Neutral” rating in Thursday, April 14 report. As per Wednesday, July 13, the company rating was initiated by Berenberg. The rating was upgraded by Atlantic Securities on Monday, January 18 to “Overweight”.

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