The stock last traded at $17.69 which is quite a bit higher than $15.77, the 50 day moving average and which is just under the 200 day moving average of $17.88. The 50 day moving average moved up $1.92 whereas the 200 day average was down by -1.06%. Carrizo Oil & Gas, Inc. shares had a trading volume of 3,394K in the last trading session. Volume was up 5.19% over the stocks average daily volume.
Traders are feeling more bearish on shares of Carrizo Oil & Gas, Inc. at least if you consider the motion in short interest. The company realized a rise in short interest from September 29, 2017 to October 13, 2017 of 5.44%. Short shares grew from 17,766,587 to 18,733,606 over that period. With short interest at 18,733,606 and short average daily volume at 3,714,826, days to cover is 5.0 and the percentage of shorted shares was 0.28% on October 13.
Here is a rundown on some insider market activity for Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Director Steven A. Webster bought 75,000 shares at a price of $11.70 on Fri the 8th. Webster now owns $292,500 of stock as recorded in a recent Form 4 SEC filing.
The following firms have recently changed their position in CRZO. Third Avenue Management LLC expanded its ownership by buying 135,300 shares an increase of 83.4%. Third Avenue Management LLC claims 297,453 shares with a value of $5,096,000. The total value of its holdings increased 80.4%. As of quarter end Regions Financial Corp had bought a total of 65 shares growing its stake by 15.6%. The value of the investment in (CRZO) went from $7,000 to $8,000 increasing 14.3% quarter over quarter.
As of the end of the quarter Aperio Group, LLC had disposed of 11,837 shares trimming its position 28.0%. The value in dollars decreased from $735,000 to $520,000 a change of 29.3% quarter to quarter. As of quarter end Simplex Trading, LLC had acquired a total of 268 shares growing its holdings by 7.6%. The value of the company’s investment in Carrizo Oil & Gas, Inc. increased from $61,000 to $64,000 a change of $3,000 since the last quarter.
Equity analyst Citigroup added CRZO to its research portfolio with a rating of “Neutral”.
As of the last earnings report the EPS was $-0.09 and is expected to be $1.10 for the current year with 81,441,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.36 and the next full year EPS is anticipated to be $1.60.
Carrizo Oil & Gas, Inc. (Carrizo), launched on September 24, 1993, is an energy company. The Company is involved 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 Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania. As of December 31, 2016, the Business’s proved reserves of 200 million barrels of oil equivalent (MMBoe) were 64% crude oil, 12% natural gas liquids (NGLs) and 24% natural gas. As of December 31, 2016, it operated approximately 94% of the wells in Eagle Ford in which it held an interest. As of December 31, 2016, it held an average interest of approximately 85% in these operated wells. As of December 31, 2016, it owned leases covering approximately 309,200 gross (179,179 net) acres in the Eagle Ford, Niobrara, Utica and the Delaware Basin areas..