Brokers Offer Predictions for Carrizo Oil & Gas Inc's FY2017 Earnings (NASDAQ:CRZO)

Marco Green
December 11, 2017

About 3.12M shares traded. (NASDAQ:CRZO) has declined 34.05% since December 10, 2016 and is downtrending. It has underperformed by 50.75% the S&P500. It was reported on Dec, 8 by Barchart.com. We have $21.13 PT which if reached, will make NASDAQ:CRZO worth $81.95 million more. Following the completion of the sale, the general counsel now directly owns 88,360 shares of the company's stock, valued at approximately $2,378,651.20. The firm owned 10,263,630 shares of the company's stock after buying an additional 729,481 shares during the period. Harley Davidson Inc now has $8.44 billion valuation. The stock increased 1.77% or $3.09 during the last trading session, reaching $177.56. About 183,444 shares traded. Tudor Pickering lowered Carrizo Oil & Gas from a "buy" rating to a "hold" rating in a research report on Tuesday, September 5th. Therefore 59% are positive. Jefferies Group reiterated a "buy" rating and set a $25.00 target price (down from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. (NASDAQ:CRZO) on Friday, August 11 with "Buy" rating. The rating was downgraded by Simmons & Co to "Neutral" on Wednesday, February 24. The firm earned "Hold" rating on Monday, September 18 by Citigroup. As per Wednesday, July 22, the company rating was upgraded by Credit Suisse. The brokerage now has a buy rating on the oil and gas producer's stock.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Tuesday, November 7th. Since an alpha above 1 hints at more gains, investors can predict some further rally scope. Whereas, firm has insider ownership was declared as 0.10% and Insider transaction was recorded recently as 1.81%.

Investors and Traders continue to monitor technical levels of shares of Carrizo Oil & Gas, Inc. SG Americas Securities LLC raised its position in shares of Carrizo Oil & Gas by 6.4% in the second quarter.

Investors may also want to take a longer-term look at company shares. 12,994 are held by Proshare Ltd Liability Co. Barclays Public Ltd Com holds 28,600 shares or 0% of its portfolio. Sector Pension Investment Board stated it has 37,604 shares. Diamond Hill Mgmt Inc reported 148,348 shares or 0.01% of all its holdings.

In recent trading day Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) for 165,504 shares. (NASDAQ:CRZO). Moreover, Parametric Associate Lc has 0% invested in Carrizo Oil & Gas, Inc. Kings Point Capital Management lifted its holdings in shares of Carrizo Oil & Gas by 220.0% in the 2nd quarter. This means that the stock's daily price swings have been more extreme in recent times compared to the past.

Williams Capital set a $29.00 target price on Carrizo Oil & Gas (NASDAQ:CRZO) in a report issued on Monday, November 27th. (NASDAQ:CRZO) higher to the next line of resistance at $19.92 a share. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. The company has a market capitalization of $1,655.97, a P/E ratio of 16.26 and a beta of 2.18. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in OH, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania. The ROIC 5 year average is 0.085288 and the ROIC Quality ratio is 13.078938. 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. As per Friday, September 4, the company rating was maintained by BMO Capital Markets. The firm has "Hold" rating by Deutsche Bank given on Wednesday, October 21. On Monday, June 12 the stock rating was maintained by Deutsche Bank with "Buy". (NASDAQ:CRZO) on Tuesday, November 14 with "Buy" rating. The shares were sold at an average price of $18.69, for a total transaction of $149,520.00. The firm has "Market Perform" rating by Wells Fargo given on Friday, July 29. (NYSE:HOG) to report earnings on January, 30.

Investors sentiment decreased to 0.91 in Q2 2017.

Several other institutional investors have also sold shares of the company. 53 funds opened positions while 137 raised stakes. (HCP) worth $444.75 million at the end of the most recent reporting period. Umb Bank & Trust N A Mo reported 9,177 shares or 0.02% of all its holdings. 19,750 are held by Perkins Capital Management. (NasdaqGS:CRZO) is now 0.92080. (NYSE:HOG) for 39,782 shares. Metropolitan Life Ins owns 43,145 shares. Mcf Advsrs Lc holds 165 shares. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $42.75. 454,214 are held by Basswood Mgmt Limited Liability Corporation. Voloridge Invest Management Limited Liability Company holds 271,209 shares or 0.12% of its portfolio. First Allied Advisory Svcs Incorporated holds 0.01% or 3,759 shares in its portfolio.

Point72 Asia (Hong Kong) Ltd stated it has 1,780 shares. 57,798 were accumulated by Td Asset Management. (NasdaqGS:CRZO) is -0.560191. Free cash flow (FCF) is the cash produced by the company minus capital expenditure.

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