Carrizo Oil & Gas (CRZO) Shares Gap Up to $20.33

Carrizo Oil & Gas Inc (NASDAQ:CRZO) gapped up prior to trading on Monday . The stock had previously closed at $20.77, but opened at $20.33. Carrizo Oil & Gas shares last traded at $20.67, with a volume of 1168867 shares traded.

A number of equities research analysts have issued reports on the stock. Goldman Sachs Group set a $17.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “hold” rating in a research report on Thursday, October 19th. Tudor Pickering cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Jefferies Group reiterated a “buy” rating and issued a $25.00 target price (down from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. Royal Bank Of Canada reiterated a “buy” rating and issued a $23.00 target price on shares of Carrizo Oil & Gas in a research note on Friday, September 15th. Finally, Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $28.76.

The stock has a market capitalization of $1,650.00, a P/E ratio of 16.26 and a beta of 2.18. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.38.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, beating the Zacks’ 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%. Carrizo Oil & Gas’s revenue was up 63.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. equities analysts forecast that Carrizo Oil & Gas Inc will post 1.32 earnings per share for the current fiscal year.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total value of $149,520.00. Following the sale, the insider now directly owns 231,194 shares in the company, valued at approximately $4,321,015.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Webster bought 75,000 shares of the stock in a transaction on Friday, September 8th. The stock was purchased at an average price of $11.70 per share, for a total transaction of $877,500.00. Following the completion of the purchase, the director now directly owns 2,786,310 shares in the company, valued at $32,599,827. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its stake in Carrizo Oil & Gas by 6.4% in the 2nd quarter. SG Americas Securities LLC now owns 79,499 shares of the oil and gas producer’s stock worth $1,385,000 after purchasing an additional 4,785 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Carrizo Oil & Gas in the 2nd quarter worth $4,147,000. Pacad Investment Ltd. bought a new position in shares of Carrizo Oil & Gas in the 2nd quarter worth $1,246,000. Penn Capital Management Co. Inc. bought a new position in shares of Carrizo Oil & Gas in the 2nd quarter worth $392,000. Finally, California Public Employees Retirement System increased its holdings in shares of Carrizo Oil & Gas by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 181,100 shares of the oil and gas producer’s stock worth $3,155,000 after buying an additional 3,900 shares during the last quarter.

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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.

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