What Can We Expect Following a Carrizo Oil & Gas (NASDAQ:CRZO) Downgrade By Jefferies?

May 18, 2018 - By Ellis Scott

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.

Ontario – Canada-based Cibc Asset Mgmt has invested 0% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Principal Fincl Grp invested in 0.02% or 1.14M shares. Legal General Grp Inc Public Limited Company stated it has 0% of its portfolio in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Credit Suisse Ag reported 75,071 shares or 0% of all its holdings. Diamond Hill Capital Mngmt has invested 0.02% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Granahan Investment Mgmt Incorporated Ma invested 0.31% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Fort Washington Advsr Inc Oh invested in 0.18% or 838,862 shares. Geode Limited Liability Company owns 687,946 shares. 101,723 were reported by Ubs Asset Mgmt Americas. California State Teachers Retirement reported 121,990 shares. Castleark Ltd Liability Com owns 16,780 shares or 0.01% of their US portfolio. The New York-based Quantbot Techs Limited Partnership has invested 0.06% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Regions Fincl has 0% invested in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) for 20,329 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta reported 51,800 shares. Nwq Inv Management Ltd Limited Liability Company stated it has 1.64% of its portfolio in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO).

Since December 15, 2017, it had 0 buys, and 15 sales for $3.48 million activity. 22,292 shares were sold by FISHER JOHN BRADLEY, worth $330,662. $194,722 worth of stock was sold by Pitts David L. on Friday, March 9. 4,453 Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) shares with value of $66,062 were sold by Conaway Gregory F. Shares for $129,982 were sold by Smith Richard H. MORTON GERALD A had sold 11,174 shares worth $168,460.

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

New York-listed Carrizo Oil & Gas (NASDAQ:CRZO) shares have been decreased by equity analysts at Jefferies. Jefferies decreased its rating on the $2.24 billion market capitalized firm to a Hold.

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. RBC Capital Markets maintained it with “Buy” rating and $2200 target in Friday, April 13 report. The firm has “Buy” rating given on Tuesday, January 2 by SunTrust. The stock of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) earned “Buy” rating by Stifel Nicolaus on Tuesday, May 8. The company was maintained on Sunday, January 21 by KeyBanc Capital Markets. The stock has “Accumulate” rating by Johnson Rice on Tuesday, February 27. SunTrust maintained the shares of CRZO in report on Tuesday, February 27 with “Buy” rating. The stock of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has “Neutral” rating given on Thursday, January 25 by JP Morgan. Piper Jaffray maintained Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) on Wednesday, April 18 with “Hold” rating. The firm has “Hold” rating by Piper Jaffray given on Tuesday, January 9. The rating was maintained by Williams Capital Group with “Buy” on Tuesday, May 8.

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: Benzinga.com, which released: “The Market In 5 Minutes: Ebola, Icahn, NAFTA, Semis And More” on May 18, 2018. 247Wallst.com‘s article titled: “Top Analyst Upgrades and Downgrades: Aimmune, Anadarko, Carrizo, Mastercard, PayPal, Spotify, Visa 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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