Stock of The Day: What’s Propelling Carrizo Oil & Gas Inc to Increase So Much?

Stock of The Day: What's Propelling Carrizo Oil & Gas Inc to Increase So Much?

The stock of Carrizo Oil & Gas Inc (NASDAQ:CRZO) is a huge mover today! About 1.76 million shares traded hands. Carrizo Oil & Gas Inc (NASDAQ:CRZO) has declined 5.10% since April 27, 2016 and is downtrending. It has underperformed by 10.33% the S&P500.
The move comes after 6 months positive chart setup for the $2.66B company. It was reported on Nov, 30 by Barchart.com. We have $45.37 PT which if reached, will make NASDAQ:CRZO worth $212.80M more.

Analysts await Carrizo Oil & Gas Inc (NASDAQ:CRZO) to report earnings on February, 27. They expect $0.32 EPS, 0.00% or $0.00 from last year’s $0.32 per share. CRZO’s profit will be $20.26M for 32.82 P/E if the $0.32 EPS becomes a reality. After $0.23 actual EPS reported by Carrizo Oil & Gas Inc for the previous quarter, Wall Street now forecasts 39.13% EPS growth.

Carrizo Oil & Gas Inc (NASDAQ:CRZO) Ratings Coverage

Out of 18 analysts covering Carrizo Oil & Gas Inc. (NASDAQ:CRZO), 14 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 78% are positive. Carrizo Oil & Gas Inc. has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Carrizo Oil & Gas Inc (NASDAQ:CRZO) earned “Outperform” rating by BMO Capital Markets on Friday, September 4. The firm has “Outperform” rating by Credit Suisse given on Wednesday, July 22. The stock has “In-Line” rating given by Imperial Capital on Monday, August 10. The stock of Carrizo Oil & Gas Inc (NASDAQ:CRZO) earned “Outperform” rating by FBR Capital on Tuesday, September 6. The firm has “Buy” rating given on Saturday, August 8 by TheStreet. The stock of Carrizo Oil & Gas Inc (NASDAQ:CRZO) has “Outperform” rating given on Wednesday, December 16 by Iberia Capital Partners. SunTrust maintained Carrizo Oil & Gas Inc (NASDAQ:CRZO) on Thursday, September 3 with “Buy” rating. The firm earned “Neutral” rating on Tuesday, October 18 by Goldman Sachs. The firm earned “Outperform” rating on Friday, August 21 by Credit Suisse. Stifel Nicolaus initiated Carrizo Oil & Gas Inc (NASDAQ:CRZO) on Friday, June 17 with “Buy” rating.

According to Zacks Investment Research, “Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, exploitation and production of oil and natural gas primarily in proven trends in the Barnett Shale area in North Texas and along the Texas and Louisiana onshore Gulf Coast regions. Carrizo controls significant prospective acreage blocks and utilizes advanced three-D seismic techniques to identify potential oil and gas reserves and drilling opportunities.”

Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.02, from 1.09 in 2016Q1. The ratio fall, as 32 funds sold all Carrizo Oil & Gas Inc shares owned while 71 reduced positions. 37 funds bought stakes while 75 increased positions. They now own 62.80 million shares or 1.86% less from 63.99 million shares in 2016Q1.
Blackrock Institutional Tru Commerce Na last reported 0.01% of its portfolio in the stock. D E Shaw & Communications Incorporated, a New York-based fund reported 177,190 shares. Guggenheim Capital Limited Com last reported 17,289 shares in the company. Ridgeworth Capital Management Limited Liability Co last reported 0.01% of its portfolio in the stock. First Midwest Bancshares Trust Division owns 8,561 shares or 0.04% of their US portfolio. Axiom Ltd Liability Com De has 64,709 shares for 0.07% of their US portfolio. Millennium Limited Liability Corporation accumulated 218,600 shares or 0.02% of the stock. Blackrock Fund Advisors last reported 0.03% of its portfolio in the stock. Falcon Point Cap Ltd Liability Company holds 0.82% or 132,272 shares in its portfolio. Thomson Horstmann And Bryant Inc holds 8,450 shares or 0.04% of its portfolio. Moreover, Brant Point Invest Management Limited Liability Co has 0.24% invested in Carrizo Oil & Gas Inc (NASDAQ:CRZO) for 71,500 shares. Allianz Asset Mngmt Ag has 550,000 shares for 0.01% of their US portfolio. Stephens Investment Gru Lc has 0.64% invested in the company for 539,725 shares. Tower Ltd Liability (Trc) accumulated 7,208 shares or 0.02% of the stock. Geode Management Limited Liability Com has invested 0.01% of its portfolio in Carrizo Oil & Gas Inc (NASDAQ:CRZO).

Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 13 insider sales for $2.85 million net activity. JOHNSON S P IV sold $249,382 worth of Carrizo Oil & Gas Inc (NASDAQ:CRZO) on Wednesday, October 5. RAMSEY ROGER A had sold 1,000 shares worth $33,316. $59,469 worth of Carrizo Oil & Gas Inc (NASDAQ:CRZO) shares were sold by WOJTEK FRANK A. 800 Carrizo Oil & Gas Inc (NASDAQ:CRZO) shares with value of $30,266 were sold by MORTON GERALD A. $322,500 worth of Carrizo Oil & Gas Inc (NASDAQ:CRZO) shares were sold by FISHER JOHN BRADLEY.

CRZO Company Profile

Carrizo Oil & Gas, Inc. (Carrizo), incorporated on September 24, 1993, is an energy company. The Firm is engaged in the exploration, development and production of gas and oil from resource plays located in the United States. The Company’s activities are focused in proven, producing gas and oil 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. The Firm has a total production of approximately 13.4 million barrels of oil equivalent (MMBoe) per year. The Company’s proved reserves of approximately 170.6 MMBoe are over 64% crude oil, 12% natural gas liquids (NGLs) and 24% natural gas. It operates approximately 90% of the wells in Eagle Ford in which it holds an interest. It holds an average interest of approximately 88% in these operated wells. It owns leases covering approximately 291,610 gross (165,470 net) acres in the Eagle Ford, Niobrara, Utica and the Delaware Basin areas. It operates over 70 gross wells drilled in the Eagle Ford.

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