Carrizo Oil & Gas (CRZO) Earning Somewhat Positive Media Coverage, Analysis Finds
Media headlines about Carrizo Oil & Gas (NASDAQ:CRZO) have been trending somewhat positive this week, Alpha One Sentiment reports. The research firm, a service of Accern, ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Carrizo Oil & Gas earned a coverage optimism score of 0.03 on Alpha One’s scale. Alpha One also gave media headlines about the oil and gas producer an impact score of 96 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected AlphaOne Sentiment’s rankings:
- Carrizo Oil & Gas Announces Participation in Upcoming Conferences – GlobeNewswire (press release) (globenewswire.com)
- Carrizo Oil & Gas, Inc. (CRZO) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Let’s Put These Technical Indicators To Work: Matador Resources Company (MTDR), Carrizo Oil & Gas, Inc. (CRZO) – AllStockNews (allstocknews.com)
- Carrizo Oil & Gas (CRZO) Trending Activity with Technical Depiction (leisuretravelaid.com)
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded down 2.82% on Tuesday, hitting $17.56. The stock had a trading volume of 1,184,891 shares. Carrizo Oil & Gas has a 12 month low of $16.87 and a 12 month high of $43.96. The stock’s market cap is $1.16 billion. The company has a 50 day moving average price of $22.78 and a 200-day moving average price of $30.43.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Tuesday, May 9th. The oil and gas producer reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. Carrizo Oil & Gas had a negative net margin of 63.08% and a negative return on equity of 128.17%. The firm had revenue of $151.36 million for the quarter, compared to the consensus estimate of $147.19 million. During the same period in the previous year, the firm posted $0.16 EPS. The business’s quarterly revenue was up 86.3% on a year-over-year basis. On average, equities research analysts anticipate that Carrizo Oil & Gas will post $1.27 earnings per share for the current year.
Several research firms have recently weighed in on CRZO. BidaskClub raised shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $38.00 price target on shares of Carrizo Oil & Gas in a report on Friday, June 2nd. Robert W. Baird decreased their price target on shares of Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, May 24th. Jefferies Group LLC set a $36.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $40.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Carrizo Oil & Gas currently has a consensus rating of “Buy” and a consensus target price of $44.19.
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In related news, insider S P. Iv Johnson sold 10,077 shares of the company’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $28.63, for a total transaction of $288,504.51. Following the transaction, the insider now directly owns 255,271 shares in the company, valued at approximately $7,308,408.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank A. Wojtek sold 2,800 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total transaction of $67,872.00. Following the transaction, the director now owns 30,008 shares in the company, valued at $727,393.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,453 shares of company stock worth $1,321,392. Insiders own 6.00% of the company’s stock.
Carrizo Oil & Gas Company Profile
Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. 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 Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.
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