Carrizo Oil & Gas Inc (NASDAQ:CRZO) shares gapped up prior to trading on Monday . The stock had previously closed at $8.65, but opened at $8.55. Carrizo Oil & Gas shares last traded at $10.08, with a volume of 585,590 shares changing hands.
CRZO has been the topic of a number of research reports. Northland Securities reiterated a “hold” rating and issued a $9.00 target price on shares of Carrizo Oil & Gas in a report on Sunday, September 1st. BidaskClub raised Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Williams Capital cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. MKM Partners reissued a “neutral” rating and issued a $11.00 price target (down previously from $19.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, July 16th. Finally, Johnson Rice cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the company. Carrizo Oil & Gas currently has a consensus rating of “Hold” and an average target price of $15.75.
The firm has a market cap of $819.99 million, a P/E ratio of 3.22, a PEG ratio of 0.12 and a beta of 2.15. The company has a 50 day moving average of $8.68 and a 200 day moving average of $10.59. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.31 and a current ratio of 0.31.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $264.97 million during the quarter, compared to analysts’ expectations of $263.76 million. Carrizo Oil & Gas had a return on equity of 25.15% and a net margin of 55.87%. As a group, analysts expect that Carrizo Oil & Gas Inc will post 2.54 EPS for the current fiscal year.
In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $10.85, for a total transaction of $86,800.00. Following the completion of the sale, the insider now owns 187,221 shares of the company’s stock, valued at $2,031,347.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 24,000 shares of company stock valued at $231,520 in the last ninety days. Company insiders own 4.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new stake in Carrizo Oil & Gas during the second quarter worth approximately $54,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Carrizo Oil & Gas by 22.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock worth $75,000 after purchasing an additional 1,363 shares during the period. Miller Investment Management LP bought a new stake in Carrizo Oil & Gas during the first quarter worth approximately $125,000. Commonwealth Equity Services LLC bought a new stake in Carrizo Oil & Gas during the second quarter worth approximately $109,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Carrizo Oil & Gas by 94.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 11,335 shares of the oil and gas producer’s stock worth $278,000 after purchasing an additional 5,520 shares during the period.
Carrizo Oil & Gas Company Profile (NASDAQ:CRZO)
Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.
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