The stock of Carrizo Oil & Gas Inc (NASDAQ:CRZO) is a huge mover today! About 646,084 shares traded hands. Carrizo Oil & Gas Inc (NASDAQ:CRZO) has risen 11.07% since April 13, 2016 and is uptrending. It has outperformed by 7.15% the S&P500.
The move comes after 5 months positive chart setup for the $2.50 billion company. It was reported on Nov, 15 by Barchart.com. We have $63.91 PT which if reached, will make NASDAQ:CRZO worth $1.68 billion more.
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. As per Thursday, June 9, the company rating was maintained by Canaccord Genuity. KLR Group upgraded the stock to “Accumulate” rating in Monday, August 10 report. Seaport Global upgraded the shares of CRZO in a report on Tuesday, June 7 to “Accumulate” rating. JP Morgan upgraded the stock to “Overweight” rating in Friday, May 13 report. The firm has “Neutral” rating by Seaport Global given on Wednesday, March 30. Goldman Sachs maintained Carrizo Oil & Gas Inc (NASDAQ:CRZO) on Tuesday, March 29 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, March 15 by JP Morgan. The stock has “Outperform” rating given by Northland Capital on Friday, August 7. On Friday, August 21 the stock rating was maintained by Credit Suisse with “Outperform”. The stock has “Outperform” rating given by Imperial Capital on Friday, May 6.
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 1.09 in 2016 Q2. Its down 0.22, from 1.31 in 2016Q1. The ratio is negative, 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.
Qcm Cayman Ltd has 7,467 shares for 0.12% of their US portfolio. Principal Group accumulated 0.03% or 572,950 shares. The Ohio-based Parkwood has invested 0.2% in Carrizo Oil & Gas Inc (NASDAQ:CRZO). Strs Ohio, a Ohio-based fund reported 105,300 shares. Metropolitan Life Insur has 40,768 shares for 0.01% of their US portfolio. Envestnet Asset Mngmt has 0% invested in the company for 10,706 shares. Morgan Stanley last reported 132,076 shares in the company. Citigroup accumulated 0% or 3,483 shares. Geosphere Cap Mngmt owns 140,000 shares or 4.96% of their US portfolio. Victory Cap Management last reported 793,388 shares in the company. Advsrs Asset Management Inc has 62,047 shares for 0.04% of their US portfolio. Amalgamated Retail Bank holds 0.01% or 6,431 shares in its portfolio. Cwm Limited Co has 400 shares for 0% of their US portfolio. Swiss Savings Bank, a Switzerland-based fund reported 91,139 shares. Castleark Mgmt Lc accumulated 267,519 shares or 0.31% of the stock.
Insider Transactions: Since May 17, 2016, the stock had 0 buys, and 20 selling transactions for $4.14 million net activity. On Wednesday, October 5 the insider JOHNSON S P IV sold $249,382. $126,311 worth of shares were sold by Smith Richard H on Sunday, May 29. The insider WOJTEK FRANK A sold 1,750 shares worth $59,469. 1,000 shares were sold by RAMSEY ROGER A, worth $35,540 on Tuesday, July 5. FISHER JOHN BRADLEY sold $322,500 worth of Carrizo Oil & Gas Inc (NASDAQ:CRZO) on Monday, October 10. On Sunday, May 29 the insider MORTON GERALD A sold $161,006. Another trade for 4,142 shares valued at $157,032 was sold by Pitts David L..
More news for Carrizo Oil & Gas Inc (NASDAQ:CRZO) were recently published by: Globenewswire.com, which released: “Carrizo Oil & Gas, Inc. Announces Third Quarter Results” on November 03, 2016. Bizjournals.com‘s article titled: “Carrizo Oil & Gas issuing new stock to buy 15K acres of Eagle Ford leases in …” and published on October 24, 2016 is yet another important article.
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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