Rhumbline Advisers raised its holdings in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 340,097 shares of the oil and gas producer’s stock after acquiring an additional 39,243 shares during the quarter. Rhumbline Advisers owned approximately 0.37% of Carrizo Oil & Gas worth $2,920,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in shares of Carrizo Oil & Gas during the 2nd quarter worth $54,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Carrizo Oil & Gas by 22.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock valued at $75,000 after purchasing an additional 1,363 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in Carrizo Oil & Gas during the second quarter valued at about $109,000. WINTON GROUP Ltd bought a new stake in Carrizo Oil & Gas during the second quarter valued at about $116,000. Finally, Cetera Advisor Networks LLC bought a new stake in Carrizo Oil & Gas during the second quarter valued at about $116,000.
A number of research firms have commented on CRZO. MKM Partners reiterated a “neutral” rating and issued a $11.00 price target (down from $19.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, July 16th. Wells Fargo & Co decreased their price target on Carrizo Oil & Gas from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Northland Securities reiterated a “hold” rating and issued a $9.00 price target on shares of Carrizo Oil & Gas in a research note on Sunday, September 1st. Jefferies Financial Group cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, Raymond James cut Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.35.
Shares of NASDAQ:CRZO traded up $0.16 during trading on Tuesday, hitting $7.96. The stock had a trading volume of 99,116 shares, compared to its average volume of 8,326,124. Carrizo Oil & Gas Inc has a 12-month low of $6.87 and a 12-month high of $19.58. The stock has a market capitalization of $714.95 million, a price-to-earnings ratio of 2.85, a price-to-earnings-growth ratio of 0.12 and a beta of 2.12. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.32. The stock has a 50-day simple moving average of $7.91 and a two-hundred day simple moving average of $9.50.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. The firm had revenue of $256.99 million for the quarter, compared to analyst estimates of $261.67 million. Carrizo Oil & Gas had a return on equity of 19.61% and a net margin of 61.01%. As a group, sell-side analysts forecast that Carrizo Oil & Gas Inc will post 2.44 earnings per share for the current year.
Carrizo Oil & Gas Profile
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.
See Also: What is the Dividend Aristocrat Index?
Receive News & Ratings for Carrizo Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.