Is Carrizo Oil \u0026 Gas (NASDAQ:CRZO) In Trouble? Jefferies Issues Downgrade.

May 18, 2018 - By Lola Flanagan

Investors sentiment decreased to 1.13 in Q4 2017. Its down 0.36, from 1.49 in 2017Q3. It is negative, as 33 investors sold Carrizo Oil & Gas, Inc. shares while 61 reduced holdings. 40 funds opened positions while 66 raised stakes. 82.15 million shares or 3.60% less from 85.22 million shares in 2017Q3 were reported.

18,551 are held by Gsa Cap Limited Liability Partnership. Aperio Group Ltd Liability Com invested in 0% or 40,966 shares. 84,216 were accumulated by Comerica Commercial Bank. California State Teachers Retirement System holds 0.01% or 121,990 shares. Voya Investment Mgmt Limited Liability accumulated 2.07 million shares or 0.09% of the stock. Legal And General Public Limited Com holds 0% or 163,231 shares. Alliancebernstein Limited Partnership reported 0% stake. South Dakota Inv Council has invested 0.02% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Paloma Partners Mngmt has invested 0.01% of its portfolio in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Northern Trust Corp has invested 0.01% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Vanguard Gp Incorporated holds 0.01% of its portfolio in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) for 7.38M shares. Citadel Advisors Ltd Com reported 0% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Third Avenue Lc owns 177,853 shares or 0.18% of their US portfolio. Virtu Fincl owns 56,689 shares or 0.06% of their US portfolio. Bnp Paribas Asset Management Holding has invested 0.12% of its portfolio in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO).

Since December 15, 2017, it had 0 insider purchases, and 15 insider sales for $3.48 million activity. MORTON GERALD A sold $168,460 worth of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) on Friday, March 9. Shares for $330,662 were sold by FISHER JOHN BRADLEY on Friday, March 9. $66,062 worth of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) was sold by Conaway Gregory F. 8,763 shares were sold by Smith Richard H, worth $129,982. Pitts David L. sold $194,722 worth of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) on Friday, March 9.

Carrizo Oil \u0026 Gas (NASDAQ:CRZO) Receives a Downgrade

In a research note released today, Jefferies cut shares of Carrizo Oil \u0026 Gas (NASDAQ:CRZO) to a Hold rating from the previous Buy rating.

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

Among 16 analysts covering Carrizo Oil & Gas (NASDAQ:CRZO), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Carrizo Oil & Gas has $44.0 highest and $17 lowest target. $27.21’s average target is -0.44% below currents $27.33 stock price. Carrizo Oil & Gas had 34 analyst reports since November 20, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, December 20 by RBC Capital Markets. The firm has “Hold” rating given on Wednesday, April 18 by Piper Jaffray. The stock of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) earned “Buy” rating by Stifel Nicolaus on Tuesday, December 12. On Tuesday, January 16 the stock rating was maintained by Mizuho with “Hold”. Raymond James maintained the shares of CRZO in report on Tuesday, December 12 with “Buy” rating. The stock has “Buy” rating by Williams Capital Group on Monday, November 27. The rating was maintained by Jefferies with “Hold” on Wednesday, December 20. On Tuesday, December 19 the stock rating was upgraded by Seaport Global to “Buy”. As per Thursday, March 1, the company rating was upgraded by Jefferies. SunTrust maintained Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) on Tuesday, April 17 with “Buy” rating.

The stock increased 4.99% or $1.3 during the last trading session, reaching $27.33. About 4.08M shares traded or 13.46% up from the average. Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has declined 43.10% since May 18, 2017 and is downtrending. It has underperformed by 54.65% the S&P500.

Analysts await Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) to report earnings on August, 14. They expect $0.57 earnings per share, up 90.00 % or $0.27 from last year’s $0.3 per share. CRZO’s profit will be $46.78M for 11.99 P/E if the $0.57 EPS becomes a reality. After $0.48 actual earnings per share reported by Carrizo Oil & Gas, Inc. for the previous quarter, Wall Street now forecasts 18.75 % EPS growth.

Carrizo Oil & Gas, Inc., together with its subsidiaries, engages in the exploration, development, and production of gas and oil primarily in the United States. The company has market cap of $2.24 billion. The firm holds interests in gas and oil plays, including Eagle Ford Shale in South Texas; the Delaware Basin in West Texas; the Niobrara Formation in Colorado; the Utica Shale in Ohio; and the Marcellus Shale in Pennsylvania. It has a 40.19 P/E ratio. As of December 31, 2015, it had proved gas and oil reserves of 200.2 million barrels of oil equivalent; and operated 667 gross productive gas and oil wells.

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Institutional Positions Chart

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