Carrizo Oil & Gas (CRZO) Trading Up 5.6%

Share on StockTwits

Carrizo Oil & Gas Inc (NASDAQ:CRZO)’s share price shot up 5.6% during trading on Friday . The stock traded as high as $12.55 and last traded at $12.53. 3,288,362 shares changed hands during trading, an increase of 10% from the average session volume of 2,989,069 shares. The stock had previously closed at $11.87.

Several research firms recently commented on CRZO. JPMorgan Chase & Co. reduced their price target on Carrizo Oil & Gas from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 14th. Zacks Investment Research raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, October 25th. BidaskClub raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. MKM Partners began coverage on Carrizo Oil & Gas in a research report on Wednesday, December 5th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Jefferies Financial Group raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Monday, October 15th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $27.67.

The company has a debt-to-equity ratio of 1.84, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 8.76 and a beta of 2.47.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Monday, November 5th. The oil and gas producer reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.15. Carrizo Oil & Gas had a return on equity of 56.06% and a net margin of 12.23%. The business had revenue of $303.40 million during the quarter, compared to the consensus estimate of $265.34 million. During the same period in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was up 67.3% on a year-over-year basis. Sell-side analysts expect that Carrizo Oil & Gas Inc will post 3.07 EPS for the current year.

In related news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $12.43, for a total transaction of $99,440.00. Following the completion of the transaction, the insider now owns 147,076 shares in the company, valued at approximately $1,828,154.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 24,000 shares of company stock valued at $341,440 in the last 90 days. Insiders own 5.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. American International Group Inc. boosted its position in Carrizo Oil & Gas by 13.4% during the 3rd quarter. American International Group Inc. now owns 68,390 shares of the oil and gas producer’s stock worth $1,723,000 after acquiring an additional 8,087 shares during the period. Allianz Asset Management GmbH boosted its position in Carrizo Oil & Gas by 64.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 69,433 shares of the oil and gas producer’s stock worth $1,750,000 after acquiring an additional 27,167 shares during the period. BlackRock Inc. boosted its position in Carrizo Oil & Gas by 14.4% during the 3rd quarter. BlackRock Inc. now owns 12,449,324 shares of the oil and gas producer’s stock worth $313,723,000 after acquiring an additional 1,569,126 shares during the period. James Investment Research Inc. acquired a new position in Carrizo Oil & Gas during the 3rd quarter worth $2,241,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Carrizo Oil & Gas by 23.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,340 shares of the oil and gas producer’s stock worth $513,000 after acquiring an additional 3,848 shares during the period.

COPYRIGHT VIOLATION WARNING: “Carrizo Oil & Gas (CRZO) Trading Up 5.6%” was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://weekherald.com/2019/01/18/carrizo-oil-gas-crzo-trading-up-5-6.html.

About Carrizo Oil & Gas (NASDAQ:CRZO)

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of 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 Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

Read More: Analyst Ratings Trading

Receive News & Ratings for Carrizo Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply