Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) was the recipient of a significant growth in short interest in the month of September. As of September 29th, there was short interest totalling 17,766,587 shares, a growth of 15.5% from the September 15th total of 15,379,760 shares. Currently, 23.0% of the company’s stock are short sold. Based on an average daily trading volume, of 4,199,925 shares, the short-interest ratio is currently 4.2 days.

In other Carrizo Oil & Gas news, Director Steven A. Webster purchased 75,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average cost of $11.70 per share, with a total value of $877,500.00. Following the completion of the transaction, the director now owns 2,786,310 shares of the company’s stock, valued at $32,599,827. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Webster purchased 29,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $13.36 per share, for a total transaction of $396,792.00. Following the completion of the transaction, the director now directly owns 2,724,410 shares of the company’s stock, valued at approximately $36,398,117.60. The disclosure for this purchase can be found here. Insiders have purchased 431,600 shares of company stock worth $5,602,306 over the last three months. 6.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asia Hong Kong Ltd increased its position in Carrizo Oil & Gas by 1,014.9% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 3,207 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Carrizo Oil & Gas during the first quarter worth approximately $150,000. Kings Point Capital Management increased its position in Carrizo Oil & Gas by 220.0% during the second quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after buying an additional 5,500 shares during the last quarter. Advisor Group Inc. increased its position in Carrizo Oil & Gas by 47.4% during the second quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after buying an additional 2,611 shares during the last quarter. Finally, Blair William & Co. IL increased its position in Carrizo Oil & Gas by 2.2% during the first quarter. Blair William & Co. IL now owns 8,390 shares of the oil and gas producer’s stock worth $242,000 after buying an additional 181 shares during the last quarter.

Shares of Carrizo Oil & Gas (CRZO) opened at 16.67 on Thursday. The company’s market cap is $1.36 billion. Carrizo Oil & Gas has a 52 week low of $11.10 and a 52 week high of $43.96. The company’s 50-day moving average price is $14.61 and its 200 day moving average price is $19.13.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $166.50 million for the quarter, compared to the consensus estimate of $163.22 million. Carrizo Oil & Gas had a positive return on equity of 1,494.45% and a negative net margin of 0.98%. Carrizo Oil & Gas’s quarterly revenue was up 55.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, equities analysts forecast that Carrizo Oil & Gas will post $1.09 EPS for the current fiscal year.

Several research analysts have weighed in on CRZO shares. Zacks Investment Research lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Mizuho lowered Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $17.00 in a research report on Thursday, September 7th. Piper Jaffray Companies dropped their target price on Carrizo Oil & Gas from $43.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. Finally, Citigroup Inc. started coverage on Carrizo Oil & Gas in a research report on Monday, September 18th. They issued a “neutral” rating and a $16.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $33.74.

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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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