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

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

A number of equities analysts have commented on CRZO shares. Piper Jaffray Companies set a $15.00 price target on Carrizo Oil & Gas and gave the stock a “hold” rating in a research note on Friday, August 16th. Johnson Rice cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. MKM Partners reaffirmed a “neutral” rating and issued a $11.00 price target (down from $19.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, July 16th. Williams Capital cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Northland Securities reaffirmed a “hold” rating and issued a $9.00 price target on shares of Carrizo Oil & Gas in a research note on Sunday, September 1st. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.35.

The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $703.84 million, a PE ratio of 2.62, a PEG ratio of 0.12 and a beta of 2.13. The stock has a 50 day simple moving average of $8.24 and a 200 day simple moving average of $10.06.

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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Carrizo Oil & Gas had a return on equity of 25.15% and a net margin of 55.87%. The firm had revenue of $264.97 million for the quarter, compared to analysts’ expectations of $263.76 million. As a group, equities analysts anticipate that Carrizo Oil & Gas Inc will post 2.47 earnings per share for the current year.

In related news, CEO S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Monday, September 16th. The stock was 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 in the company, valued at $1,683,102.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRZO. Morgan Stanley boosted its position in shares of 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 valued at $12,351,000 after purchasing an additional 1,128,689 shares in the last quarter. Man Group plc boosted its position in shares of 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 valued at $9,910,000 after purchasing an additional 643,972 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of 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 valued at $5,336,000 after purchasing an additional 490,026 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of 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 valued at $3,788,000 after purchasing an additional 358,159 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of 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 valued at $4,711,000 after purchasing an additional 326,544 shares in 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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