GeoSphere Capital Management Takes Position in Carrizo Oil & Gas Inc (CRZO)

GeoSphere Capital Management purchased a new stake in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 141,446 shares of the oil and gas producer’s stock, valued at approximately $2,423,000. Carrizo Oil & Gas accounts for approximately 6.4% of GeoSphere Capital Management’s portfolio, making the stock its 5th largest holding. GeoSphere Capital Management owned approximately 0.17% of Carrizo Oil & Gas as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in Carrizo Oil & Gas by 6.4% during the second quarter. SG Americas Securities LLC now owns 79,499 shares of the oil and gas producer’s stock valued at $1,385,000 after acquiring an additional 4,785 shares during the period. American Century Companies Inc. bought a new stake in Carrizo Oil & Gas during the second quarter valued at about $4,147,000. Pacad Investment Ltd. bought a new stake in Carrizo Oil & Gas during the second quarter valued at about $1,246,000. Penn Capital Management Co. Inc. bought a new stake in Carrizo Oil & Gas during the second quarter valued at about $392,000. Finally, California Public Employees Retirement System boosted its holdings in Carrizo Oil & Gas by 2.2% during the second quarter. California Public Employees Retirement System now owns 181,100 shares of the oil and gas producer’s stock valued at $3,155,000 after acquiring an additional 3,900 shares during the period.

In related news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total value of $149,520.00. Following the completion of the transaction, the insider now owns 231,194 shares of the company’s stock, valued at $4,321,015.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.00% of the company’s stock.

Carrizo Oil & Gas Inc (NASDAQ CRZO) opened at $19.55 on Thursday. Carrizo Oil & Gas Inc has a 52-week low of $11.10 and a 52-week high of $40.29. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market cap of $1,590.00, a PE ratio of 16.66 and a beta of 2.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly 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. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The firm had revenue of $181.28 million during the quarter, compared to analyst estimates of $177.97 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The company’s quarterly revenue was up 63.1% compared to the same quarter last year. analysts expect that Carrizo Oil & Gas Inc will post 1.32 EPS for the current fiscal year.

A number of research firms have issued reports on CRZO. Raymond James Financial set a $28.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday. Northland Securities set a $35.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Monday. Williams Capital set a $29.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Monday, November 27th. Finally, Mizuho set a $21.00 price objective on shares of Carrizo Oil & Gas and gave the company a “hold” rating in a research report on Friday, November 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. Carrizo Oil & Gas has a consensus rating of “Hold” and an average target price of $27.44.

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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.

Institutional Ownership by Quarter for Carrizo Oil & Gas (NASDAQ:CRZO)

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