Short Term Outlook For Carrizo Oil & Gas Inc. (NASDAQ:CRZO)

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Tuesday, August 8th. Currently, 882.26 million total shares are owned by the public and among those 880.84 million shares have been available to trade. About shares traded. Carrizo Oil & Gas Inc (NASDAQ:CRZO) has declined 34.05% since October 9, 2016 and is downtrending.

Several institutional investors have recently added to or reduced their stakes in CRZO. (NASDAQ:CRZO) closed its last session at $16.82.

While having a peek at profitability ratios Carrizo Oil & Gas (NASDAQ:CRZO) has trailing twelve month gross margin at 73.9%, its trailing twelve month operating margin stands at 6.2% whereas its trailing twelve month net profit margin spots at -1%. That's a potential 53.57 increase relative to where Carrizo Oil & Gas, Inc. Teachers Retirement System of The State of Kentucky now owns 17,000 shares of the oil and gas producer's stock worth $635,000 after buying an additional 1,900 shares during the last quarter. Inc. purchased a new stake in shares of Carrizo Oil & Gas during the second quarter valued at approximately $392,000. William Blair Investment Management LLC now owns 1,310,525 shares of the oil and gas producer's stock worth $48,948,000 after buying an additional 20,912 shares during the last quarter. Finally, Icon Advisers Inc. Co. lifted its stake in shares of Carrizo Oil & Gas by 52.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,022,707 shares of the oil and gas producer's stock valued at $172,611,000 after purchasing an additional 350,219 shares during the period.

COPYRIGHT VIOLATION WARNING: "Mutual of America Capital Management LLC Reduces Stake in Carrizo Oil & Gas, Inc. (CRZO) Decreased by Analyst" was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. The most optimistic analyst sees the stock reaching $45 while the most conventional has $12 target price. PiperJaffray maintained the shares of CRZO in report on Monday, September 18 with "Neutral" rating. The stock's last price was lower from the average trading price of 50 days recorded at $21.3 while enlarging the period to 200 trading days, the average price was $23.12. Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) reported its EPS in the last quarter as $0.3/Share beating the analyst estimate of $0.24/Share by a difference of $0.06. Analysts expect next quarter's EPS will be $0.35 and the next full year EPS is projected to be $1.63. The company's forward price to earnings ratio for next fiscal year is 10.2. Stock analysts at Capital One Financial Corporation dropped their Q3 2017 earnings per share (EPS) estimates for Carrizo Oil & Gas in a research report issued to clients and investors on Thursday. (CRZO) has a market cap of $1.32 billion and over the last 12 months, Carrizo Oil & Gas, Inc.

In other news, Director Steven A. Webster acquired 75,000 shares of the stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $11.70 per share, with a total value of $877,500.00. Following the completion of the purchase, the director now owns 2,724,410 shares in the company, valued at approximately $37,842,054.90. Also, Director Steven A. Webster acquired 151,900 shares of the stock in a transaction dated Wednesday, August 16th. Insiders contain to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company. Over the last ninety days, insiders have bought 431,600 shares of company stock valued at $5,602,306. Legal & General Group Inc Incorporated Public Lc invested in 139,477 shares or 0% of the stock.

A number of brokerages have recently commented on CRZO. Seaport Global Securities lowered Carrizo Oil & Gas from a "buy" rating to a "sell" rating in a research report on Wednesday, June 21st. Finally, Jefferies Group LLC downgraded Carrizo Oil & Gas from a "buy" rating to a "hold" rating in a report on Monday.

12/06/2016 - Raymond James began new coverage on Carrizo Oil & Gas, Inc. giving the company a "strong buy" rating.

Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company had revenue of $166.50 million during the quarter, compared to the consensus estimate of $163.22 million. Shale gas blocks have suffered far more than conventional oil and gas blocks as they are economically viable only when prices are above a certain threshold.

Carrizo Oil & Gas, 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.

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