BNP Paribas Arbitrage SA Buys 11,843 Shares of Carrizo Oil & Gas Inc (CRZO)

BNP Paribas Arbitrage SA increased its holdings in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 15.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,511 shares of the oil and gas producer’s stock after purchasing an additional 11,843 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.11% of Carrizo Oil & Gas worth $1,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Miller Investment Management LP acquired a new stake in Carrizo Oil & Gas during the first quarter worth approximately $160,000. Alambic Investment Management L.P. acquired a new stake in Carrizo Oil & Gas during the first quarter worth approximately $166,000. CIBC Asset Management Inc acquired a new stake in Carrizo Oil & Gas during the fourth quarter worth approximately $212,000. Affinity Investment Advisors LLC grew its stake in Carrizo Oil & Gas by 24.4% during the first quarter. Affinity Investment Advisors LLC now owns 15,505 shares of the oil and gas producer’s stock worth $248,000 after purchasing an additional 3,039 shares during the period. Finally, Sciencast Management LP acquired a new stake in Carrizo Oil & Gas during the fourth quarter worth approximately $309,000.

Shares of Carrizo Oil & Gas opened at $27.59 on Wednesday, MarketBeat Ratings reports. Carrizo Oil & Gas Inc has a 52-week low of $11.10 and a 52-week high of $28.72. The company has a debt-to-equity ratio of 3.69, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 19.29 and a beta of 2.14.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Monday, May 7th. The oil and gas producer reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.15. Carrizo Oil & Gas had a net margin of 9.10% and a return on equity of 48.53%. The company had revenue of $225.28 million during the quarter, compared to analyst estimates of $200.88 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was up 48.8% on a year-over-year basis. equities research analysts anticipate that Carrizo Oil & Gas Inc will post 2.75 earnings per share for the current year.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $26.15, for a total transaction of $209,200.00. Following the completion of the sale, the insider now directly owns 223,076 shares of the company’s stock, valued at $5,833,437.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider S P. Iv Johnson sold 36,257 shares of the company’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $14.83, for a total transaction of $537,691.31. Following the sale, the insider now directly owns 211,425 shares of the company’s stock, valued at $3,135,432.75. The disclosure for this sale can be found here. Insiders have sold 178,143 shares of company stock valued at $3,447,279 over the last ninety days. Insiders own 5.40% of the company’s stock.

Several equities research analysts recently commented on CRZO shares. Williams Capital reaffirmed a “buy” rating and set a $28.00 target price (down previously from $32.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, February 27th. Jefferies Financial Group cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating and decreased their target price for the stock from $27.33 to $26.00 in a research note on Friday, May 18th. BidaskClub cut Carrizo Oil & Gas from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 30th. Howard Weil cut Carrizo Oil & Gas from an “outperform” rating to a “sector perform” rating in a research note on Monday, April 9th. Finally, ValuEngine raised Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 9th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.78.

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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Institutional Ownership by Quarter for Carrizo Oil & Gas (NASDAQ:CRZO)

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