Carrizo Oil & Gas (NASDAQ:CRZO) Getting Somewhat Favorable News Coverage, Analysis Finds
News coverage about Carrizo Oil & Gas (NASDAQ:CRZO) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carrizo Oil & Gas earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 48.0300283208099 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Zacks: Brokerages Expect Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Will Announce Quarterly Sales of $190.03 Million (americanbankingnews.com)
- Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Carrizo Oil & Gas Inc (NASDAQ:CRZO) Short Interest Up 10.5% in July (footballhebdo.com)
- FY2017 EPS Estimates for Carrizo Oil & Gas, Inc. (CRZO) Raised by Analyst (americanbankingnews.com)
- FY2017 Earnings Estimate for Carrizo Oil & Gas, Inc. (CRZO) Issued By SunTrust Banks (americanbankingnews.com)
Shares of Carrizo Oil & Gas (CRZO) opened at 13.86 on Friday. Carrizo Oil & Gas has a one year low of $12.73 and a one year high of $43.96. The stock’s market cap is $912.47 million. The firm has a 50 day moving average of $15.65 and a 200 day moving average of $24.51.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The company had revenue of $166.50 million for the quarter, compared to analysts’ expectations of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The business’s revenue was up 55.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. On average, equities research analysts predict that Carrizo Oil & Gas will post $0.96 EPS for the current fiscal year.
A number of brokerages have recently issued reports on CRZO. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday. Williams Capital set a $35.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Tuesday, August 8th. BidaskClub lowered shares of Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co lowered shares of Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $21.00 in a research note on Thursday, July 20th. Finally, Mizuho reiterated a “buy” rating and set a $32.00 price target on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $40.33.
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In other news, Director Frank A. Wojtek sold 2,800 shares of Carrizo Oil & Gas stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total value of $67,872.00. Following the transaction, the director now owns 30,008 shares of the company’s stock, valued at approximately $727,393.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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