Investors Purchase Large Volume of Call Options on Carrizo Oil & Gas (CRZO)

Carrizo Oil & Gas Inc (NASDAQ:CRZO) saw unusually large options trading on Wednesday. Traders acquired 15,165 call options on the stock. This represents an increase of approximately 3,809% compared to the average daily volume of 388 call options.

Shares of CRZO traded down $0.81 during mid-day trading on Friday, hitting $23.79. 2,409,141 shares of the company’s stock traded hands, compared to its average volume of 2,968,609. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.26 and a current ratio of 0.26. Carrizo Oil & Gas has a 1 year low of $13.49 and a 1 year high of $31.57. The stock has a market capitalization of $2.07 billion, a PE ratio of 16.64 and a beta of 2.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Monday, August 6th. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $264.00 million for the quarter, compared to analysts’ expectations of $230.08 million. During the same period in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was up 58.6% compared to the same quarter last year. Research analysts forecast that Carrizo Oil & Gas will post 3 EPS for the current fiscal year.

A number of analysts have recently issued reports on CRZO shares. KLR Group reiterated a “buy” rating and set a $35.00 price target on shares of Carrizo Oil & Gas in a research report on Monday, August 20th. BidaskClub upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. Stifel Nicolaus lifted their price target on Carrizo Oil & Gas from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, July 16th. Raymond James lifted their price target on Carrizo Oil & Gas from $43.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 6th. Finally, Oppenheimer started coverage on Carrizo Oil & Gas in a report on Wednesday. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $29.58.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $30.02, for a total value of $180,120.00. Following the completion of the transaction, the insider now owns 195,076 shares in the company, valued at approximately $5,856,181.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $23.82, for a total value of $190,560.00. Following the completion of the transaction, the insider now owns 171,076 shares of the company’s stock, valued at approximately $4,075,030.32. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock valued at $770,520 in the last quarter. 5.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Carrizo Oil & Gas by 7.3% during the second quarter. BlackRock Inc. now owns 10,880,198 shares of the oil and gas producer’s stock valued at $303,014,000 after purchasing an additional 736,153 shares in the last quarter. LSV Asset Management boosted its position in shares of Carrizo Oil & Gas by 18.8% during the second quarter. LSV Asset Management now owns 4,082,450 shares of the oil and gas producer’s stock valued at $113,696,000 after purchasing an additional 645,350 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Carrizo Oil & Gas by 105.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,308,757 shares of the oil and gas producer’s stock valued at $52,940,000 after purchasing an additional 1,694,935 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of Carrizo Oil & Gas by 6.6% during the second quarter. Glenmede Trust Co. NA now owns 2,262,146 shares of the oil and gas producer’s stock valued at $63,001,000 after purchasing an additional 139,972 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Carrizo Oil & Gas by 11.1% in the second quarter. Macquarie Group Ltd. now owns 2,248,128 shares of the oil and gas producer’s stock worth $62,610,000 after acquiring an additional 224,316 shares in the last quarter.

Carrizo Oil & Gas Company Profile

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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