Carrizo Oil & Gas Inc. (NASDAQ:CRZO) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 12,268,489 shares, an increase of 23.6% from the September 15th total of 9,924,959 shares. Based on an average trading volume of 1,691,720 shares, the days-to-cover ratio is presently 7.3 days. Approximately 22.2% of the company’s stock are sold short.

In related news, insider S P. Iv Johnson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $39.68, for a total value of $238,080.00. Following the completion of the sale, the insider now directly owns 601,717 shares of the company’s stock, valued at $23,876,130.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO John Bradley Fisher sold 27,831 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $35.05, for a total transaction of $975,476.55. Following the completion of the sale, the chief operating officer now directly owns 179,403 shares of the company’s stock, valued at $6,288,075.15. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Nisa Investment Advisors L.L.C. acquired a new stake in Carrizo Oil & Gas during the first quarter valued at $433,000. Virginia Retirement System acquired a new stake in Carrizo Oil & Gas during the first quarter valued at $269,000. Teachers Advisors Inc. boosted its stake in Carrizo Oil & Gas by 12.4% in the first quarter. Teachers Advisors Inc. now owns 376,665 shares of the company’s stock valued at $11,646,000 after buying an additional 41,600 shares during the last quarter. Prudential Financial Inc. boosted its stake in Carrizo Oil & Gas by 2.9% in the first quarter. Prudential Financial Inc. now owns 130,040 shares of the company’s stock valued at $4,021,000 after buying an additional 3,700 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Carrizo Oil & Gas by 6.4% in the first quarter. JPMorgan Chase & Co. now owns 203,625 shares of the company’s stock valued at $6,296,000 after buying an additional 12,231 shares during the last quarter.

A number of research firms recently weighed in on CRZO. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday. Mizuho began coverage on shares of Carrizo Oil & Gas in a research report on Wednesday, October 5th. They set a “neutral” rating and a $42.00 price target for the company. FBR & Co increased their price target on shares of Carrizo Oil & Gas from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, September 6th. Stifel Nicolaus reissued a “buy” rating on shares of Carrizo Oil & Gas in a research report on Wednesday, August 31st. Finally, Imperial Capital increased their price target on shares of Carrizo Oil & Gas from $39.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.09.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 41.40 on Thursday. Carrizo Oil & Gas has a 52 week low of $16.10 and a 52 week high of $43.56. The stock’s 50 day moving average is $37.95 and its 200-day moving average is $35.97. The firm’s market cap is $2.44 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Thursday, August 4th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.16. The firm earned $107.30 million during the quarter, compared to analysts’ expectations of $119.67 million. Carrizo Oil & Gas had a positive return on equity of 19.03% and a negative net margin of 421.40%. The firm’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, equities analysts predict that Carrizo Oil & Gas will post $1.06 EPS for the current fiscal year.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc 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 Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

5 Day Chart for NASDAQ:CRZO

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