Should Investors Avoid Carrizo Oil & Gas (NASDAQ:CRZO) Shares? Jefferies Has Just Downgraded Them

May 18, 2018 - By Marguerite Chambers

Investors sentiment decreased to 1.13 in Q4 2017. Its down 0.36, from 1.49 in 2017Q3. It dropped, as 33 investors sold Carrizo Oil & Gas, Inc. shares while 61 reduced holdings. 40 funds opened positions while 66 raised stakes. 82.15 million shares or 3.60% less from 85.22 million shares in 2017Q3 were reported.

Guggenheim Capital Ltd Company invested in 74,967 shares or 0% of the stock. Nwq Invest Mgmt Limited Co invested in 1.64% or 5.95 million shares. Parametric Port Associate Lc accumulated 373,229 shares. Blackrock Inc accumulated 10.06 million shares. Price T Rowe Associate Md invested in 384,744 shares or 0% of the stock. Advsrs Asset Management Incorporated invested 0% of its portfolio in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Stifel Fin accumulated 0% or 72,824 shares. Voya Inv Lc invested 0.09% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Sandy Spring Bank & Trust, a Maryland-based fund reported 1,000 shares. Panagora Asset Mngmt, a Massachusetts-based fund reported 1,400 shares. Diamond Hill Cap Mgmt owns 146,360 shares. 27,191 were accumulated by Cim Mangement Inc. Raymond James Fincl Advsr Inc holds 0% of its portfolio in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) for 20,513 shares. Fifth Third Financial Bank reported 1,038 shares. Granahan Invest Mgmt Ma owns 182,580 shares.

Since December 15, 2017, it had 0 insider buys, and 15 insider sales for $3.48 million activity. MORTON GERALD A had sold 11,174 shares worth $168,460 on Friday, March 9. Pitts David L. also sold $194,722 worth of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) shares. 8,763 shares were sold by Smith Richard H, worth $129,982 on Friday, March 9. Another trade for 4,453 shares valued at $66,062 was sold by Conaway Gregory F. The insider FISHER JOHN BRADLEY sold 35,000 shares worth $890,223.

Carrizo Oil & Gas (NASDAQ:CRZO) Receives a Downgrade

Jefferies downgraded Carrizo Oil & Gas (NASDAQ:CRZO) shares to a Hold rating in a research report sent to clients and investors today.

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Ratings Coverage

Among 16 analysts covering Carrizo Oil & Gas (NASDAQ:CRZO), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Carrizo Oil & Gas has $44.0 highest and $17 lowest target. $27.21’s average target is -0.44% below currents $27.33 stock price. Carrizo Oil & Gas had 34 analyst reports since November 20, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Monday, January 29 by Stifel Nicolaus. SunTrust maintained Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) rating on Tuesday, January 2. SunTrust has “Buy” rating and $26.0 target. SunTrust maintained it with “Buy” rating and $2500 target in Tuesday, April 17 report. Stifel Nicolaus maintained it with “Buy” rating and $39.0 target in Tuesday, December 12 report. The firm has “Neutral” rating by Citigroup given on Friday, March 9. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, May 8 report. Northland Capital maintained the shares of CRZO in report on Monday, December 11 with “Buy” rating. The rating was maintained by BMO Capital Markets on Thursday, January 11 with “Buy”. The rating was maintained by Mizuho with “Hold” on Tuesday, November 21. The company was initiated on Wednesday, April 4 by Deutsche Bank.

The stock increased 4.99% or $1.3 during the last trading session, reaching $27.33. About 4.08 million shares traded or 13.46% up from the average. Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has declined 43.10% since May 18, 2017 and is downtrending. It has underperformed by 54.65% the S&P500.

Analysts await Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) to report earnings on August, 14. They expect $0.57 earnings per share, up 90.00 % or $0.27 from last year’s $0.3 per share. CRZO’s profit will be $46.78 million for 11.99 P/E if the $0.57 EPS becomes a reality. After $0.48 actual earnings per share reported by Carrizo Oil & Gas, Inc. for the previous quarter, Wall Street now forecasts 18.75 % EPS growth.

Carrizo Oil & Gas, Inc., together with its subsidiaries, engages in the exploration, development, and production of gas and oil primarily in the United States. The company has market cap of $2.24 billion. The firm holds interests in gas and oil plays, including Eagle Ford Shale in South Texas; the Delaware Basin in West Texas; the Niobrara Formation in Colorado; the Utica Shale in Ohio; and the Marcellus Shale in Pennsylvania. It has a 40.19 P/E ratio. As of December 31, 2015, it had proved gas and oil reserves of 200.2 million barrels of oil equivalent; and operated 667 gross productive gas and oil wells.

More news for Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) were recently published by: 247Wallst.com, which released: “Top Analyst Upgrades and Downgrades: Aimmune, Anadarko, Carrizo, Mastercard, PayPal, Spotify, Visa and More” on May 18, 2018. Benzinga.com‘s article titled: “The Market In 5 Minutes: Ebola, Icahn, NAFTA, Semis And More” and published on May 18, 2018 is yet another important article.

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Institutional Positions Chart

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