Carrizo Oil & Gas (CRZO) Receiving Somewhat Positive News Coverage, Analysis Finds

News coverage about Carrizo Oil & Gas (NASDAQ:CRZO) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Carrizo Oil & Gas earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news coverage about the oil and gas producer an impact score of 46.1810170548907 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

A number of equities analysts have issued reports on the company. Citigroup assumed coverage on Carrizo Oil & Gas in a research report on Friday. They set a “neutral” rating and a $26.00 price target on the stock. Goldman Sachs Group set a $17.00 price target on Carrizo Oil & Gas and gave the stock a “hold” rating in a research report on Thursday, October 19th. Raymond James Financial set a $28.00 price target on Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Tudor Pickering downgraded Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Finally, Jefferies Group reiterated a “buy” rating and set a $25.00 price target (down previously from $64.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. Carrizo Oil & Gas presently has a consensus rating of “Buy” and a consensus target price of $28.22.

Carrizo Oil & Gas (NASDAQ:CRZO) traded up $0.41 during midday trading on Tuesday, hitting $21.97. The stock had a trading volume of 1,617,753 shares, compared to its average volume of 2,730,885. The stock has a market capitalization of $1,760.00, a P/E ratio of 14.17 and a beta of 2.18. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $39.70. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.32 and a current ratio of 0.32.

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

In related news, CEO S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $18.57, for a total value of $148,560.00. Following the completion of the sale, the chief executive officer now owns 223,194 shares of the company’s stock, valued at $4,144,712.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.00% of the stock is currently owned by company insiders.

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About Carrizo Oil & Gas

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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