The Carrizo Oil & Gas Inc. (NASDAQ:CRZO) is going down by -1.07% in today’s trading session, a fall equivalent to -0.08% of the stock’s price from yesterday’s market close. A news came out on 11/20/19 stating that ISS Recommends Callon And Carrizo Shareholders Each Vote “For” Transaction by WSJ. The lowest point that the shares touched during the trading session was $7.10, while the peak of the day was recorded at a share price of $7.52. CRZO finished the previous session at $7.47 according to the data provided by Barchart, while the trading volume was observed to be $1336189.
In the 100 days of trading, CRZO managed to top a 8.13% Moving average. Additionally, Carrizo Oil & Gas Inc. shares have achieved a 52-week range between 6.15 and 15.75 alongside 100 days raw stochastic set at 31.14%.
The number of shares outstanding, according to the fundamentals of the company, is set at 92.56M, equal to the value of $691.43M in market capitalization. In the last 30 days, Carrizo Oil & Gas Inc. shares went down by -7.24%, adding 8.01 to growth in value, on top of a +20.81% boost since 11/08/19.
Carrizo Oil & Gas Inc. (NASDAQ:CRZO) Analyst’s Estimates
Carrizo Oil & Gas Inc. (CRZO) could record at least $0.59 per share in quarterly earnings in the upcoming report on 03/03/2020, a number that would actually represent an increase of 2.30 YOY.
According to the average analyst rating, Carrizo Oil & Gas Inc. would be rated as Hold. Out of 19 different analysts monitoring CRZO stock, 3 analysts rate the stock as a BUY, 14 suggest to give the rating of HOLD, 2 indicate that CRZO is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On August 19, 2019, the stock earned a Downgrade rating due to a new analyst call from Williams Capital Group, while analysts from KeyBanc Capital Markets believe that the stock is set at Sector Weight from Overweight, as concluded on August 12, 2019. Jefferies, is still rather wary about the stock, deciding to keep the rating at Hold as confirmed through a call on July 15, 2019.
Regardless of the rating, Wells Fargo did increase their price to $15 as they are considering target share price analysis. Stephens, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on March 29, 2019, giving the stock a Equal-Weight rating.
CRZO Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +51.99% has been attained, while the operating margin has been recorded at +44.58%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 13.56%. Beta value of the stock is recorded at 2.12. Additionally, Carrizo Oil & Gas Inc. is recording price volatility of 4.91% for the period of the last seven days and 5.95% in the last 30 days.
Carrizo Oil & Gas Inc. (NASDAQ:CRZO) Technical Outlook
For the period of the last 50 days, Carrizo Oil & Gas Inc. had its Raw Stochastic average set at 46.89% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 68.82%. Stochastic %K for Carrizo Oil & Gas Inc., with the last 20 days included, was set at 65.59%, having Stochastic %D topping 51.34%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Carrizo Oil & Gas Inc. stocks with recording -33.84% in metrics.
Carrizo Oil & Gas Inc. Insider Watch:
Similarly, 114.62% of the company’s float is held by institutions – and there are 331 institutions in total holding shares of this company. The top three institutional holders of CRZO stocks are: Blackrock Inc. with ownership of $117.15 million, which is approximately 13646420 of the company’s shares; Vanguard Group, Inc. (The), holding 9815645 shares of the stock with an approximate value of $84.27 million; and State Street Corporation, currently with more than 6334355 shares of the company valued at $54.38 million. Positions in Carrizo Oil & Gas Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 2 insider purchases amounting to 96047 shares. Similarly, there were 4 sale transactions amounting to 32000 shares, with the net shares purchased during the last six months reaching 64,047.