Creative Planning Buys Shares of 45,335 Carrizo Oil & Gas Inc (CRZO)

Creative Planning bought a new position in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) during the first quarter, HoldingsChannel reports. The firm bought 45,335 shares of the oil and gas producer’s stock, valued at approximately $565,000.

Other institutional investors have also added to or reduced their stakes in the company. First Quadrant L P CA acquired a new stake in Carrizo Oil & Gas during the 1st quarter worth approximately $63,000. Cypress Capital Management LLC WY acquired a new stake in Carrizo Oil & Gas during the 4th quarter worth approximately $58,000. Advisor Group Inc. lifted its holdings in Carrizo Oil & Gas by 276.2% during the 4th quarter. Advisor Group Inc. now owns 7,333 shares of the oil and gas producer’s stock worth $83,000 after buying an additional 5,384 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Carrizo Oil & Gas during the 4th quarter worth approximately $90,000. Finally, LS Investment Advisors LLC lifted its holdings in Carrizo Oil & Gas by 244.1% during the 4th quarter. LS Investment Advisors LLC now owns 8,001 shares of the oil and gas producer’s stock worth $90,000 after buying an additional 5,676 shares in the last quarter.

NASDAQ CRZO opened at $11.86 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $1.06 billion, a P/E ratio of 4.15, a P/E/G ratio of 0.15 and a beta of 2.27. Carrizo Oil & Gas Inc has a 12 month low of $9.67 and a 12 month high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Monday, February 25th. The oil and gas producer reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). The company had revenue of $273.30 million during the quarter, compared to analysts’ expectations of $268.91 million. Carrizo Oil & Gas had a net margin of 37.94% and a return on equity of 42.15%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the business earned $0.58 earnings per share. On average, research analysts forecast that Carrizo Oil & Gas Inc will post 2.92 EPS for the current fiscal year.

CRZO has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Thursday, April 25th. Ifs Securities downgraded shares of Carrizo Oil & Gas from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $15.00 to $13.00 in a research report on Tuesday, April 23rd. Cowen initiated coverage on shares of Carrizo Oil & Gas in a research report on Tuesday, April 9th. They issued a “market perform” rating and a $16.00 price objective on the stock. Finally, Stephens initiated coverage on shares of Carrizo Oil & Gas in a research report on Thursday, March 28th. They issued an “equal weight” rating and a $15.00 price objective on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Carrizo Oil & Gas has a consensus rating of “Hold” and a consensus price target of $23.53.

In related news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $12.78, for a total value of $102,240.00. Following the transaction, the insider now directly owns 211,221 shares of the company’s stock, valued at approximately $2,699,404.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David L. Pitts sold 22,109 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $12.11, for a total transaction of $267,739.99. Following the completion of the transaction, the chief financial officer now directly owns 130,018 shares in the company, valued at $1,574,517.98. The disclosure for this sale can be found here. Insiders sold a total of 130,523 shares of company stock worth $1,584,394 over the last ninety days. Insiders own 4.80% of the company’s stock.

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Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

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Institutional Ownership by Quarter for Carrizo Oil & Gas (NASDAQ:CRZO)

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