Geosphere Capital Management Lowers stake in Carrizo Oil & Gas Inc (CRZO)

Carrizo Oil & Gas Inc (CRZO) : Geosphere Capital Management reduced its stake in Carrizo Oil & Gas Inc by 17.86% during the most recent quarter end. The investment management company now holds a total of 115,000 shares of Carrizo Oil & Gas Inc which is valued at $4,198,650 after selling 25,000 shares in Carrizo Oil & Gas Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Carrizo Oil & Gas Inc makes up approximately 5.68% of Geosphere Capital Management’s portfolio.

Other Hedge Funds, Including , Lazard Asset Management boosted its stake in CRZO in the latest quarter, The investment management firm added 17,063 additional shares and now holds a total of 34,163 shares of Carrizo Oil & Gas Inc which is valued at $1,247,291. Riverhead Capital Management added CRZO to its portfolio by purchasing 1,800 company shares during the most recent quarter which is valued at $66,276.Palisade Capital Managementnj boosted its stake in CRZO in the latest quarter, The investment management firm added 19,923 additional shares and now holds a total of 307,692 shares of Carrizo Oil & Gas Inc which is valued at $10,824,605. Carrizo Oil & Gas Inc makes up approx 0.48% of Palisade Capital Managementnj’s portfolio. Hudock Capital Group added CRZO to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $3,441.

Carrizo Oil & Gas Inc opened for trading at $36.53 and hit $37.515 on the upside on Monday, eventually ending the session at $37.07, with a gain of 2.23% or 0.81 points. The heightened volatility saw the trading volume jump to 9,79,147 shares. Company has a market cap of $2,414 M.

On the company’s financial health, Carrizo Oil & Gas Inc reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.18. The company had revenue of $111.20 million for the quarter, compared to analysts expectations of $129.40 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on Carrizo Oil & Gas Inc. Carrizo Oil & Gas Inc was Upgraded by KLR Group to ” Buy” on Nov 7, 2016. Company shares were Reiterated by Imperial Capital on Oct 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 50 from a previous price target of $45 .Carrizo Oil & Gas Inc was Downgraded by KLR Group to ” Accumulate” on Oct 18, 2016.

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 Company’s 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 Company’s activities in the Marcellus are conducted through two joint ventures.

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