Carrizo Oil & Gas Inc (CRZO) : Phoenix Investment Adviser scooped up 17,500 additional shares in Carrizo Oil & Gas Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 38,500 shares of Carrizo Oil & Gas Inc which is valued at $1,216,600.Carrizo Oil & Gas Inc makes up approximately 1.52% of Phoenix Investment Adviser’s portfolio.
Carrizo Oil & Gas Inc opened for trading at $30.25 and hit $32.1699 on the upside on Monday, eventually ending the session at $32.08, with a gain of 1.52% or 0.48 points. The heightened volatility saw the trading volume jump to 15,62,092 shares. Company has a market cap of $1,871 M.
Other Hedge Funds, Including , Santa Fe Partners added CRZO to its portfolio by purchasing 43,933 company shares during the most recent quarter which is valued at $1,388,283. Carrizo Oil & Gas Inc makes up approx 0.23% of Santa Fe Partners’s portfolio.Guinness Asset Management Ltd boosted its stake in CRZO in the latest quarter, The investment management firm added 61,300 additional shares and now holds a total of 183,395 shares of Carrizo Oil & Gas Inc which is valued at $5,795,282. Carrizo Oil & Gas Inc makes up approx 1.72% of Guinness Asset Management Ltd’s portfolio.Capstone Asset Management Co reduced its stake in CRZO by selling 1,440 shares or 8.49% in the most recent quarter. The Hedge Fund company now holds 15,526 shares of CRZO which is valued at $490,622. Carrizo Oil & Gas Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Eagle Asset Management Inc reduced its stake in CRZO by selling 3,899 shares or 4.8% in the most recent quarter. The Hedge Fund company now holds 77,400 shares of CRZO which is valued at $2,469,834. Carrizo Oil & Gas Inc makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.
On the company’s financial health, Carrizo Oil & Gas Inc reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 22, 2016. Analyst had a consensus of $0.25. The company had revenue of $151.80 million for the quarter, compared to analysts expectations of $150.90 million. The company’s revenue was down -13.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Carrizo Oil & Gas Inc. Carrizo Oil & Gas Inc was Upgraded by Goldman to ” Buy” on Mar 11, 2016. Shares were Reiterated by Imperial Capital on Feb 24, 2016 to “Outperform” and Lowered the Price Target to $ 30 from a previous price target of $48 .Shares were Reiterated by RBC Capital Mkts on Feb 24, 2016 to “Outperform” and Lowered the Price Target to $ 33 from a previous price target of $34 .
Carrizo Oil & Gas Inc. (Carrizo) 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 Utica Shale in Ohio the Niobrara Formation in Colorado and the Marcellus Shale in Pennsylvania. The Companys core Eagle Ford properties are located in LaSalle County in McMullen Frio and Atascosa counties in Texas. It has joint venture arrangements with GAIL GLOBAL (USA) INC. (GAIL) which is a wholly owned subsidiary of GAIL (India) Limited. The Company serves as an operator of the properties covered by its Niobrara joint venture arrangements. The Companys activities in the Marcellus are conducted through two joint ventures.