Today’s Shorts Alert: Carrizo Oil & Gas Incorporated (NASDAQ:CRZO) Short Interest Decreased By 9.58%

November 30, 2016 - By Ellis Scott   ·   0 Comments

Today's Shorts Alert: Carrizo Oil & Gas Incorporated (NASDAQ:CRZO) Short Interest Decreased By 9.58%

The stock of Carrizo Oil & Gas Incorporated (NASDAQ:CRZO) registered a decrease of 9.58% in short interest. CRZO’s total short interest was 9.83 million shares in November as published by FINRA. Its down 9.58% from 10.87 million shares, reported previously. With 2.23 million shares average volume, it will take short sellers 4 days to cover their CRZO’s short positions. The short interest to Carrizo Oil & Gas Incorporated’s float is 17.77%. About 1.07 million shares traded hands. Carrizo Oil & Gas Inc (NASDAQ:CRZO) has declined 5.10% since April 27, 2016 and is downtrending. It has underperformed by 10.33% the S&P500.

Carrizo Oil & Gas, Inc. is an energy company. The company has a market cap of $2.63 billion. The Firm is engaged in the exploration, development and production of gas and oil from resource plays located in the United States. It currently has negative earnings. The Company’s activities are focused in proven, producing gas and oil plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.02, from 1.09 in 2016Q1. The ratio dived, as 32 funds sold all Carrizo Oil & Gas Inc shares owned while 71 reduced positions. 37 funds bought stakes while 75 increased positions. They now own 62.80 million shares or 1.86% less from 63.99 million shares in 2016Q1.
Parallax Volatility Advisers L P last reported 4,126 shares in the company. Frontier Capital Mgmt Communication Ltd Llc last reported 3.76M shares in the company. Teachers Retirement System Of The State Of Kentucky has 15,100 shares for 0.01% of their US portfolio. Ladenburg Thalmann Fincl last reported 1,426 shares in the company. Legal & General Group Public Limited Co has 0% invested in the company for 12,010 shares. Fmr Limited holds 0.02% or 4.19 million shares in its portfolio. Teacher Retirement Systems Of Texas accumulated 0% or 7,739 shares. The New York-based Ny State Teachers Retirement System has invested 0.02% in Carrizo Oil & Gas Inc (NASDAQ:CRZO). Lord Abbett & Ltd Liability Corporation accumulated 0.22% or 1.93 million shares. Moreover, South Dakota Invest Council has 0.04% invested in Carrizo Oil & Gas Inc (NASDAQ:CRZO) for 47,400 shares. Price T Rowe Assocs Md has 0% invested in the company for 428,460 shares. California Employees Retirement Sys, a California-based fund reported 209,400 shares. The Massachusetts-based Acadian Asset Mgmt Llc has invested 0% in Carrizo Oil & Gas Inc (NASDAQ:CRZO). Strs Ohio holds 105,300 shares or 0.02% of its portfolio. Wolverine Asset Mgmt Ltd Limited Liability Company accumulated 0.01% or 11,600 shares.

Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 13 insider sales for $2.85 million net activity. $249,382 worth of Carrizo Oil & Gas Inc (NASDAQ:CRZO) was sold by JOHNSON S P IV on Wednesday, October 5. $975,369 worth of shares were sold by FISHER JOHN BRADLEY on Sunday, September 25. RAMSEY ROGER A also sold $39,860 worth of Carrizo Oil & Gas Inc (NASDAQ:CRZO) shares. WOJTEK FRANK A also sold $59,469 worth of Carrizo Oil & Gas Inc (NASDAQ:CRZO) on Friday, August 5. Shares for $30,266 were sold by MORTON GERALD A on Thursday, June 2.

Carrizo Oil & Gas Inc (NASDAQ:CRZO) Ratings Coverage

Out of 18 analysts covering Carrizo Oil & Gas Inc. (NASDAQ:CRZO), 14 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 78% are positive. Carrizo Oil & Gas Inc. has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Imperial Capital maintained Carrizo Oil & Gas Inc (NASDAQ:CRZO) rating on Friday, May 6. Imperial Capital has “Outperform” rating and $39 price target. As per Tuesday, October 20, the company rating was downgraded by KLR Group. The rating was upgraded by KLR Group to “Buy” on Monday, November 7. On Tuesday, March 29 the stock rating was maintained by Goldman Sachs with “Buy”. SunTrust maintained the shares of CRZO in a report on Monday, October 19 with “Buy” rating. RBC Capital Markets maintained the shares of CRZO in a report on Wednesday, February 24 with “Outperform” rating. The stock of Carrizo Oil & Gas Inc (NASDAQ:CRZO) has “Outperform” rating given on Friday, September 4 by BMO Capital Markets. Credit Suisse maintained Carrizo Oil & Gas Inc (NASDAQ:CRZO) rating on Friday, August 21. Credit Suisse has “Outperform” rating and $52 price target. The rating was maintained by Imperial Capital on Wednesday, October 19 with “Outperform”. Iberia Capital Partners initiated Carrizo Oil & Gas Inc (NASDAQ:CRZO) on Wednesday, December 16 with “Outperform” rating.

CRZO Company Profile

Carrizo Oil & Gas, Inc. (Carrizo), incorporated on September 24, 1993, is an energy company. The Firm is engaged in the exploration, development and production of gas and oil from resource plays located in the United States. The Company’s activities are focused in proven, producing gas and oil plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania. The Firm has a total production of approximately 13.4 million barrels of oil equivalent (MMBoe) per year. The Company’s proved reserves of approximately 170.6 MMBoe are over 64% crude oil, 12% natural gas liquids (NGLs) and 24% natural gas. It operates approximately 90% of the wells in Eagle Ford in which it holds an interest. It holds an average interest of approximately 88% in these operated wells. It owns leases covering approximately 291,610 gross (165,470 net) acres in the Eagle Ford, Niobrara, Utica and the Delaware Basin areas. It operates over 70 gross wells drilled in the Eagle Ford.

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By Ellis Scott


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