Carrizo Oil & Gas Inc (NASDAQ:CRZO) Short Interest Up 10.5% in July

Carrizo Oil & Gas Inc (NASDAQ:CRZO) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 12,221,916 shares, a growth of 10.5% from the July 14th total of 11,059,676 shares. Currently, 15.8% of the company’s shares are short sold. Based on an average trading volume of 3,324,438 shares, the days-to-cover ratio is presently 3.7 days.

Shares of Carrizo Oil & Gas (NASDAQ CRZO) opened at 13.81 on Friday. The stock’s market capitalization is $909.18 million. Carrizo Oil & Gas has a 12 month low of $12.73 and a 12 month high of $43.96. The stock’s 50 day moving average price is $15.72 and its 200-day moving average price is $24.67.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Carrizo Oil & Gas had a net margin of 33.82% and a return on equity of 223.87%. The company had revenue of $166.50 million during the quarter, compared to analysts’ expectations of $163.22 million. During the same period in the prior year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 55.2% compared to the same quarter last year. Equities analysts forecast that Carrizo Oil & Gas will post $0.95 earnings per share for the current fiscal year.

CRZO has been the topic of a number of research analyst reports. Mizuho reiterated a “buy” rating and issued a $32.00 target price on shares of Carrizo Oil & Gas in a report on Friday, June 30th. BMO Capital Markets set a $20.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Monday, June 26th. Jefferies Group LLC set a $36.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, May 17th. Royal Bank Of Canada set a $40.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Thursday, May 11th. Finally, Williams Capital reissued a “buy” rating and issued a $42.00 price objective on shares of Carrizo Oil & Gas in a research report on Tuesday, May 9th. Two 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $40.33.

In related news, Director Frank A. Wojtek sold 2,800 shares of Carrizo Oil & Gas stock in a transaction on Tuesday, May 16th. The stock was 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 in the company, valued at $727,393.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.00% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in CRZO. BlackRock Inc. boosted its stake in Carrizo Oil & Gas by 20,572.2% in the first quarter. BlackRock Inc. now owns 8,555,207 shares of the oil and gas producer’s stock worth $245,193,000 after buying an additional 8,513,822 shares during the period. Caymus Capital Partners L.P. boosted its stake in Carrizo Oil & Gas by 978.3% in the first quarter. Caymus Capital Partners L.P. now owns 1,401,800 shares of the oil and gas producer’s stock worth $40,176,000 after buying an additional 1,271,800 shares during the period. Marshall Wace North America L.P. boosted its stake in Carrizo Oil & Gas by 2,349.5% in the second quarter. Marshall Wace North America L.P. now owns 897,901 shares of the oil and gas producer’s stock worth $15,264,000 after buying an additional 861,245 shares during the period. Frontier Capital Management Co. LLC boosted its stake in Carrizo Oil & Gas by 17.0% in the second quarter. Frontier Capital Management Co. LLC now owns 4,905,089 shares of the oil and gas producer’s stock worth $85,447,000 after buying an additional 714,257 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Carrizo Oil & Gas by 7,755.6% in the first quarter. Mackenzie Financial Corp now owns 707,000 shares of the oil and gas producer’s stock worth $20,263,000 after buying an additional 698,000 shares during the period. Institutional investors own 89.12% of the company’s stock.

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About Carrizo Oil & Gas

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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