Carrizo Oil & Gas' (NASDAQ:CRZO) "Buy" Rating Reiterated at Scotiabank

Carrizo Oil & Gas' (NASDAQ:CRZO)

A 17 analysts rate it as either a buy or a strong buy, while1 believe that investors should either steer clear of CRZO or, if they already own its stock, sell it. LLC lifted its stake in Carrizo Oil & Gas by 89.5% in the second quarter. Additionally, Carrizo could receive contingent payments of up to $15 million in the aggregate based on crude oil prices exceeding certain thresholds over the next three years. Advisory Research Inc. now owns 2,058,878 shares of the oil and gas producer's stock valued at $76,899,000 after buying an additional 9,284 shares during the period. NWQ Investment Management Company LLC lifted its stake in Carrizo Oil & Gas by 122.6% in the third quarter. A high current ratio indicates that the company has little trouble managing their working capital.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, November 7th. Municipal Employees Retirement System of MI raised its stake in Carrizo Oil & Gas by 4.5% in the second quarter.

Carrizo previously announced that it had entered into agreements to sell substantially all of its assets in the Utica Shale and Marcellus Shale for cash proceeds of $62 million and $84 million, respectively, subject to customary closing terms and conditions, plus contingent payments based on the level of commodity prices over the next three years.

Carrizo Oil & Gas Inc. has 52 week low of $11.10 and a one year high of $43.96 and has a total market value of $0. NWQ Investment Management Company LLC now owns 7,261,441 shares of the oil and gas producer's stock worth $124,388,000 after purchasing an additional 3,999,717 shares during the last quarter. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.1. The firm's revenue was up 63.1% on a year-over-year basis. equities research analysts predict that Carrizo Oil & Gas will post 1.31 EPS for the current year. The company's market capitalization is $1.58 billion. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.24 by $0.09. Carrizo Oil & Gas had a positive return on equity of 85.42% and a negative net margin of 264.25%. The firm had revenue of $181.28 million during the quarter, compared to the consensus estimate of $177.97 million.

United Rentals, Inc. has a consensus outperform rating from 18 Wall Street analysts, and the number of shares now sold short amount to at least 5.41% of shares outstanding. Our current operations are principally focused on proven, producing oil and gas plays in the Eagle Ford Shale in South Texas and the Permian Basin in West Texas.

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A number of research analysts have recently weighed in on CRZO shares. Glenmede Tru Co Na holds 0.12% in Carrizo Oil & Gas Inc (NASDAQ:CRZO) or 899,927 shares. BMO Capital Markets set a $20.00 price target on Carrizo Oil & Gas and gave the stock a buy rating in a research note on Saturday, August 12th. Currently, 81.9 million total shares are owned by the public and among those 77.34 million shares have been available to trade. The rating was maintained by Jefferies with "Buy" on Tuesday, July 4.

In other Carrizo Oil & Gas news, Director Steven A. Webster purchased 75,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $31.25 per share, for a total transaction of $781,250.00.

Evercore Trust Company increased Unilever N V (UN) stake by 11.9% reported in 2017Q2 SEC filing. A lower P/B ratio could mean that the stock is undervalued. The disclosure for this sale can be found here. Carrizo Oil & Gas's revenue for the quarter was up 63.1% compared to the same quarter past year. Insiders own 6.30% of the company's stock.

The ERP5 of Carrizo Oil & Gas, Inc. The Firm is engaged in the exploration, development and production of gas and oil from resource plays located in the United States. The Company's activities are focused in proven, producing gas and oil plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in OH, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

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