Somewhat Positive Press Coverage Somewhat Unlikely to Impact Carrizo Oil & Gas (CRZO) Share Price
Media coverage about Carrizo Oil & Gas (NASDAQ:CRZO) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Carrizo Oil & Gas earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the oil and gas producer an impact score of 46.5003553810139 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Carrizo Oil & Gas Inc (CRZO) Expected to Announce Earnings of $0.51 Per Share (americanbankingnews.com)
- Carrizo Oil & Gas (CRZO) Shares Cross Above 200 DMA (nasdaq.com)
- Carrizo Oil & Gas Inc (CRZO) Insider S P. Iv Johnson Sells 8,000 Shares (americanbankingnews.com)
- Carrizo Oil & Gas (CRZO) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- Upstream Losers: SGY, SM, CRZO, OAS, and XOG (finance.yahoo.com)
Carrizo Oil & Gas (NASDAQ CRZO) opened at $20.33 on Friday. Carrizo Oil & Gas has a 12-month low of $11.10 and a 12-month high of $42.75. The stock has a market cap of $1,574.52, a PE ratio of 15.46 and a beta of 2.18. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.32 and a current ratio of 0.32.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The company had revenue of $181.28 million during the quarter, compared to analysts’ expectations of $177.97 million. During the same period last year, the company posted $0.23 EPS. Carrizo Oil & Gas’s revenue was up 63.1% on a year-over-year basis. equities analysts anticipate that Carrizo Oil & Gas will post 1.32 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. SunTrust Banks reaffirmed a “buy” rating and issued a $24.00 target price on shares of Carrizo Oil & Gas in a research report on Friday, November 10th. Mizuho set a $21.00 target price on shares of Carrizo Oil & Gas and gave the stock a “hold” rating in a research report on Friday, November 24th. Williams Capital set a $29.00 target price on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Monday, November 27th. Scotiabank reaffirmed a “buy” rating and issued a $33.00 target price on shares of Carrizo Oil & Gas in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Carrizo Oil & Gas has an average rating of “Hold” and an average price target of $28.76.
In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total transaction of $149,520.00. Following the completion of the sale, the insider now directly owns 231,194 shares in the company, valued at approximately $4,321,015.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Webster acquired 75,000 shares of Carrizo Oil & Gas stock in a transaction on Friday, September 8th. The shares were purchased at an average price of $11.70 per share, with a total value of $877,500.00. Following the completion of the purchase, the director now owns 2,786,310 shares in the company, valued at approximately $32,599,827. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.
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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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