ARP Americas LP bought a new stake in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,200 shares of the oil and gas producer’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRZO. PNC Financial Services Group Inc. increased its position in shares of Carrizo Oil & Gas by 91.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the oil and gas producer’s stock valued at $156,000 after purchasing an additional 2,680 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Carrizo Oil & Gas by 26,788.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,821,670 shares of the oil and gas producer’s stock valued at $183,000 after purchasing an additional 1,814,895 shares during the last quarter. Creative Planning bought a new position in shares of Carrizo Oil & Gas during the 2nd quarter valued at approximately $222,000. Berkshire Asset Management LLC PA bought a new position in shares of Carrizo Oil & Gas during the 2nd quarter valued at approximately $252,000. Finally, CIBC Asset Management Inc bought a new position in shares of Carrizo Oil & Gas during the 2nd quarter valued at approximately $278,000.

In other Carrizo Oil & Gas news, COO John Bradley Fisher sold 7,500 shares of the company’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $25.01, for a total value of $187,575.00. Following the completion of the sale, the chief operating officer now directly owns 157,436 shares in the company, valued at approximately $3,937,474.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $22.55, for a total value of $180,400.00. Following the completion of the sale, the chief executive officer now owns 180,276 shares of the company’s stock, valued at $4,065,223.80. The disclosure for this sale can be found here. Insiders sold a total of 31,500 shares of company stock valued at $737,095 over the last quarter. Company insiders own 5.40% of the company’s stock.

Several equities analysts have recently weighed in on CRZO shares. BidaskClub raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. Williams Capital restated a “buy” rating and set a $41.00 price objective on shares of Carrizo Oil & Gas in a report on Monday, July 23rd. SunTrust Banks restated a “buy” rating and set a $35.00 price objective on shares of Carrizo Oil & Gas in a report on Monday, August 20th. Jefferies Financial Group upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Monday, October 15th. Finally, KLR Group restated a “buy” rating and set a $35.00 price objective on shares of Carrizo Oil & Gas in a report on Monday, August 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $29.94.

CRZO opened at $18.22 on Monday. Carrizo Oil & Gas Inc has a 52-week low of $13.49 and a 52-week high of $31.57. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $1.50 billion, a P/E ratio of 8.36 and a beta of 2.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Monday, August 6th. The oil and gas producer reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.12. Carrizo Oil & Gas had a return on equity of 52.59% and a net margin of 5.84%. The business had revenue of $264.00 million during the quarter, compared to analysts’ expectations of $230.08 million. During the same period in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was up 58.6% compared to the same quarter last year. As a group, research analysts forecast that Carrizo Oil & Gas Inc will post 2.98 earnings per share for the current fiscal year.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of 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 Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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Institutional Ownership by Quarter for Carrizo Oil & Gas (NASDAQ:CRZO)

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