Somewhat Favorable News Coverage Somewhat Unlikely to Impact Carrizo Oil & Gas (NASDAQ:CRZO) Share Price

Media coverage about Carrizo Oil & Gas (NASDAQ:CRZO) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Carrizo Oil & Gas earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the oil and gas producer an impact score of 46.4096024220577 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded down $0.42 during mid-day trading on Friday, reaching $21.28. 2,165,284 shares of the company traded hands, compared to its average volume of 2,583,161. Carrizo Oil & Gas has a 52 week low of $11.10 and a 52 week high of $39.48. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 4.38. The stock has a market capitalization of $1,767.56, a PE ratio of 14.00 and a beta of 2.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.09. The company had revenue of $181.28 million for the quarter, compared to analysts’ expectations of $177.97 million. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The firm’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter last year, the company posted $0.23 earnings per share. analysts predict that Carrizo Oil & Gas will post 1.38 EPS for the current year.

Several analysts have issued reports on the stock. Citigroup began coverage on shares of Carrizo Oil & Gas in a research report on Thursday. They set a “hold” rating and a $26.00 price target for the company. BidaskClub raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada reaffirmed a “buy” rating and set a $24.00 price objective on shares of Carrizo Oil & Gas in a research note on Wednesday, December 20th. Jefferies Group set a $21.00 price target on shares of Carrizo Oil & Gas and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Tuesday, December 19th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $28.22.

In other news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total transaction of $149,520.00. Following the transaction, the insider now owns 231,194 shares in the company, valued at approximately $4,321,015.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.00% of the company’s stock.

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Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

Insider Buying and Selling by Quarter for Carrizo Oil & Gas (NASDAQ:CRZO)

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