Carrizo Oil & Gas Inc. (CRZO) Short Interest Up 23.6% in September
Carrizo Oil & Gas Inc. (NASDAQ:CRZO) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 12,268,489 shares, an increase of 23.6% from the September 15th total of 9,924,959 shares. Currently, 22.2% of the company’s stock are short sold. Based on an average daily volume of 1,691,720 shares, the days-to-cover ratio is presently 7.3 days.
A number of equities research analysts have weighed in on CRZO shares. Stifel Nicolaus started coverage on Carrizo Oil & Gas in a research note on Thursday, June 16th. They issued a “buy” rating and a $48.00 price objective for the company. FBR & Co reiterated an “outperform” rating and issued a $49.00 price objective (up previously from $46.00) on shares of Carrizo Oil & Gas in a research note on Wednesday, July 6th. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, July 6th. Cantor Fitzgerald reiterated a “buy” rating on shares of Carrizo Oil & Gas in a research note on Sunday, July 10th. Finally, KLR Group upgraded Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $41.00 to $49.00 in a research note on Monday, July 18th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $40.09.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 41.40 on Thursday. Carrizo Oil & Gas has a 12 month low of $16.10 and a 12 month high of $43.56. The stock’s market capitalization is $2.44 billion. The stock has a 50 day moving average price of $37.95 and a 200 day moving average price of $35.97.
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Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Thursday, August 4th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.13 by $0.16. Carrizo Oil & Gas had a positive return on equity of 19.03% and a negative net margin of 421.40%. The firm had revenue of $107.30 million for the quarter, compared to analysts’ expectations of $119.67 million. During the same period last year, the firm earned $0.39 EPS. The firm’s revenue was down 13.1% compared to the same quarter last year. On average, analysts anticipate that Carrizo Oil & Gas will post $1.06 EPS for the current fiscal year.
In related news, COO John Bradley Fisher sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $43.00, for a total transaction of $322,500.00. Following the completion of the sale, the chief operating officer now owns 144,072 shares in the company, valued at $6,195,096. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Roger A. Ramsey sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $39.86, for a total value of $39,860.00. Following the completion of the sale, the director now owns 33,450 shares of the company’s stock, valued at approximately $1,333,317. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CRZO. Quadrature Capital Ltd acquired a new stake in Carrizo Oil & Gas during the first quarter valued at approximately $761,000. UBS Group AG boosted its stake in Carrizo Oil & Gas by 22.1% in the first quarter. UBS Group AG now owns 43,041 shares of the company’s stock valued at $1,331,000 after buying an additional 7,781 shares in the last quarter. Third Avenue Management LLC acquired a new stake in Carrizo Oil & Gas during the first quarter valued at approximately $1,450,000. State Street Corp boosted its stake in Carrizo Oil & Gas by 3.2% in the first quarter. State Street Corp now owns 2,251,334 shares of the company’s stock valued at $69,609,000 after buying an additional 68,976 shares in the last quarter. Finally, Kings Point Capital Management boosted its stake in Carrizo Oil & Gas by 28.6% in the first quarter. Kings Point Capital Management now owns 9,000 shares of the company’s stock valued at $278,000 after buying an additional 2,000 shares in the last quarter.
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.
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