Carrizo Oil & Gas (NASDAQ:CRZO) Shares Gap Down to $8.26

Carrizo Oil & Gas Inc (NASDAQ:CRZO) shares gapped down prior to trading on Friday . The stock had previously closed at $8.05, but opened at $8.26. Carrizo Oil & Gas shares last traded at $8.53, with a volume of 187,336 shares trading hands.

Several equities research analysts have recently commented on the stock. Jefferies Financial Group downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. MKM Partners reiterated a “neutral” rating and set a $11.00 price objective (down from $19.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, July 16th. Wells Fargo & Co assumed coverage on shares of Carrizo Oil & Gas in a research note on Monday, May 20th. They set a “market perform” rating and a $15.00 price objective for the company. Johnson Rice downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, BidaskClub upgraded shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating to the stock. Carrizo Oil & Gas currently has an average rating of “Hold” and a consensus target price of $15.75.

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 company has a market capitalization of $801.48 million, a price-to-earnings ratio of 3.08, a price-to-earnings-growth ratio of 0.13 and a beta of 2.15. The firm’s fifty day simple moving average is $8.73 and its two-hundred day simple moving average is $10.64.

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 for the quarter, beating the consensus estimate of $0.67 by $0.04. Carrizo Oil & Gas had a net margin of 55.87% and a return on equity of 25.15%. The company had revenue of $264.97 million for the quarter, compared to analyst estimates of $263.76 million. As a group, analysts forecast that Carrizo Oil & Gas Inc will post 2.54 EPS for the current fiscal year.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $9.15, for a total value of $73,200.00. Following the sale, the insider now directly owns 195,221 shares of the company’s stock, valued at approximately $1,786,272.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 24,000 shares of company stock worth $226,080. 4.80% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new position in shares of Carrizo Oil & Gas during the second quarter worth about $54,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Carrizo Oil & Gas by 22.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock valued at $75,000 after buying an additional 1,363 shares during the period. Miller Investment Management LP purchased a new stake in shares of Carrizo Oil & Gas during the 1st quarter valued at $125,000. Commonwealth Equity Services LLC purchased a new stake in shares of Carrizo Oil & Gas during the 2nd quarter valued at $109,000. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Carrizo Oil & Gas by 94.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 11,335 shares of the oil and gas producer’s stock valued at $278,000 after buying an additional 5,520 shares during the period.

Carrizo Oil & Gas Company Profile (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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