Carrizo Oil & Gas Inc (CRZO) Short Interest Update

Carrizo Oil & Gas Inc (NASDAQ:CRZO) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 8,962,220 shares, a growth of 18.6% from the October 31st total of 7,554,977 shares. Based on an average trading volume of 3,121,234 shares, the short-interest ratio is presently 2.9 days. Approximately 10.3% of the company’s stock are sold short.

CRZO stock opened at $17.11 on Friday. Carrizo Oil & Gas has a twelve month low of $13.49 and a twelve month high of $31.57. 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 company has a market cap of $1.62 billion, a P/E ratio of 11.97 and a beta of 2.28.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data 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 company had revenue of $303.40 million during the quarter, compared to analyst estimates of $265.34 million. During the same quarter last year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 67.3% on a year-over-year basis. Equities research analysts forecast that Carrizo Oil & Gas will post 3.12 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. Williams Capital reissued a “buy” rating and issued a $41.00 target price on shares of Carrizo Oil & Gas in a research report on Tuesday, August 7th. BidaskClub raised Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Monday, August 27th. Zacks Investment Research raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, August 9th. Oppenheimer started coverage on Carrizo Oil & Gas in a research report on Wednesday, October 3rd. They set a “market perform” rating for the company. Finally, Stifel Nicolaus raised their price objective on Carrizo Oil & Gas from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $29.59.

In other news, COO John Bradley Fisher sold 7,500 shares of the stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $25.01, for a total value of $187,575.00. Following the completion of the transaction, the chief operating officer now owns 157,436 shares of the company’s stock, valued at approximately $3,937,474.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $17.60, for a total value of $140,800.00. Following the completion of the transaction, the chief executive officer now directly owns 155,076 shares of the company’s stock, valued at approximately $2,729,337.60. The disclosure for this sale can be found here. Insiders sold a total of 31,500 shares of company stock valued at $697,495 in the last three months. Corporate insiders own 5.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CRZO. US Bancorp DE boosted its stake in Carrizo Oil & Gas by 11.3% during the 2nd quarter. US Bancorp DE now owns 57,858 shares of the oil and gas producer’s stock valued at $1,610,000 after purchasing an additional 5,853 shares during the last quarter. Boston Partners purchased a new stake in Carrizo Oil & Gas during the 2nd quarter valued at $1,029,000. Tanaka Capital Management Inc. purchased a new stake in Carrizo Oil & Gas during the 2nd quarter valued at $838,000. Engineers Gate Manager LP purchased a new stake in Carrizo Oil & Gas during the 2nd quarter valued at $3,693,000. Finally, LSV Asset Management boosted its stake in Carrizo Oil & Gas by 18.8% during the 2nd quarter. LSV Asset Management now owns 4,082,450 shares of the oil and gas producer’s stock valued at $113,696,000 after purchasing an additional 645,350 shares during the last quarter. 96.57% of the stock is owned by institutional investors.

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Carrizo Oil & Gas Company Profile

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.

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