Carrizo Oil & Gas (NASDAQ:CRZO) Shares Down 0.4%

Carrizo Oil & Gas Inc (NASDAQ:CRZO)’s stock price dropped 0.4% during mid-day trading on Monday . The stock traded as low as $7.46 and last traded at $7.44, approximately 163,937 shares traded hands during trading. A decline of 97% from the average daily volume of 5,227,387 shares. The stock had previously closed at $7.47.

CRZO has been the topic of several research reports. Piper Jaffray Companies set a $15.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “hold” rating in a report on Friday, August 16th. ValuEngine raised shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Johnson Rice cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Williams Capital cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Co lowered their target price on shares of Carrizo Oil & Gas from $11.00 to $9.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $14.35.

The firm has a market cap of $693.65 million, a P/E ratio of 2.93, a PEG ratio of 0.11 and a beta of 2.13. The stock’s 50 day moving average is $8.17 and its two-hundred day moving average is $9.94. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.31 and a quick ratio of 0.31.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. The business had revenue of $264.97 million for the quarter, compared to analysts’ expectations of $263.76 million. Carrizo Oil & Gas had a net margin of 55.87% and a return on equity of 25.15%. As a group, research analysts forecast that Carrizo Oil & Gas Inc will post 2.47 EPS for the current fiscal year.

In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $9.83, for a total transaction of $78,640.00. Following the sale, the chief executive officer now directly owns 171,221 shares of the company’s stock, valued at $1,683,102.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of CRZO. Morgan Stanley grew its stake in Carrizo Oil & Gas by 1,086.1% during the second quarter. Morgan Stanley now owns 1,232,610 shares of the oil and gas producer’s stock worth $12,351,000 after buying an additional 1,128,689 shares during the last quarter. Man Group plc grew its stake in Carrizo Oil & Gas by 186.7% during the second quarter. Man Group plc now owns 988,957 shares of the oil and gas producer’s stock worth $9,910,000 after buying an additional 643,972 shares during the last quarter. Allianz Asset Management GmbH grew its stake in Carrizo Oil & Gas by 1,154.0% during the second quarter. Allianz Asset Management GmbH now owns 532,490 shares of the oil and gas producer’s stock worth $5,336,000 after buying an additional 490,026 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Carrizo Oil & Gas by 1,792.2% during the second quarter. Nuveen Asset Management LLC now owns 378,143 shares of the oil and gas producer’s stock worth $3,788,000 after buying an additional 358,159 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Carrizo Oil & Gas by 227.3% during the second quarter. Cubist Systematic Strategies LLC now owns 470,185 shares of the oil and gas producer’s stock worth $4,711,000 after buying an additional 326,544 shares during the last quarter.

About Carrizo Oil & Gas (NASDAQ:CRZO)

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

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