Time To Sell Carrizo Oil & Gas (NASDAQ:CRZO)? Jefferies Downgrades Shares Today

May 18, 2018 - By Milton Kimbrough

Investors sentiment decreased to 1.13 in Q4 2017. Its down 0.36, from 1.49 in 2017Q3. It turned negative, 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.

Gsa Cap Prns Ltd Liability Partnership owns 18,551 shares or 0.02% of their US portfolio. Moreover, Moore L P has 0.02% invested in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Vertex One Asset Mgmt invested 2.43% of its portfolio in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Strs Ohio holds 0.01% of its portfolio in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) for 150,000 shares. Broadview Advisors Ltd Llc holds 0.05% or 17,100 shares. Riverhead Capital Lc reported 6,302 shares. Parametric Portfolio Assocs Lc owns 373,229 shares. Hbk Invs Lp invested 0.03% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Parkside Bancorporation Tru reported 0% of its portfolio in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Cookson Peirce & has invested 0.04% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Profund Advsrs Limited Liability Corp reported 11,574 shares or 0.01% of all its holdings. First Personal Svcs holds 574 shares or 0% of its portfolio. D E Shaw & Com owns 64,935 shares. Walleye Trading Ltd Liability Com holds 32,304 shares. 1.61M are held by Dimensional Fund Limited Partnership.

Since December 15, 2017, it had 0 insider purchases, and 15 sales for $3.48 million activity. The insider Smith Richard H sold $129,982. 13,128 shares valued at $194,722 were sold by Pitts David L. on Friday, March 9. Another trade for 35,000 shares valued at $890,223 was sold by FISHER JOHN BRADLEY. $66,062 worth of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) was sold by Conaway Gregory F. MORTON GERALD A also sold $168,460 worth of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) shares.

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

New York-listed Carrizo Oil & Gas (NASDAQ:CRZO) shares have been cut by analysts at Jefferies. Jefferies cut its rating on the $2.24B 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. The stock has “Buy” rating by SunTrust on Tuesday, April 17. Williams Capital Group maintained Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) rating on Monday, November 27. Williams Capital Group has “Buy” rating and $29.0 target. The rating was maintained by SunTrust on Tuesday, January 2 with “Buy”. Raymond James maintained it with “Buy” rating and $28.0 target in Tuesday, December 12 report. The rating was maintained by BMO Capital Markets with “Buy” on Monday, March 12. Mizuho maintained it with “Hold” rating and $21.0 target in Tuesday, November 21 report. The stock of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has “Neutral” rating given on Friday, March 9 by Citigroup. SunTrust maintained Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) rating on Tuesday, February 27. SunTrust has “Buy” rating and $23.0 target. KeyBanc Capital Markets downgraded the shares of CRZO in report on Tuesday, February 27 to “Sector Weight” rating. The firm earned “Buy” rating on Monday, December 11 by Northland Capital.

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 $46.78M 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: 247Wallst.com, which released: “Top Analyst Upgrades and Downgrades: Aimmune, Anadarko, Carrizo, Mastercard, PayPal, Spotify, Visa and More” on May 18, 2018. Benzinga.com‘s article titled: “The Market In 5 Minutes: Ebola, Icahn, NAFTA, Semis 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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