Falcon Point Capital Lowers stake in Carrizo Oil & Gas Inc (CRZO)

Carrizo Oil & Gas Inc (CRZO) : Falcon Point Capital reduced its stake in Carrizo Oil & Gas Inc by 31.19% during the most recent quarter end. The investment management company now holds a total of 132,272 shares of Carrizo Oil & Gas Inc which is valued at $4,244,608 after selling 59,966 shares in Carrizo Oil & Gas Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Carrizo Oil & Gas Inc makes up approximately 0.71% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc reduced its stake in CRZO by selling 226,898 shares or 70.89% in the most recent quarter. The Hedge Fund company now holds 93,151 shares of CRZO which is valued at $2,989,216. Farmers Merchants Investments Inc added CRZO to its portfolio by purchasing 117 company shares during the most recent quarter which is valued at $4,268.Nisa Investment Advisors boosted its stake in CRZO in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 14,300 shares of Carrizo Oil & Gas Inc which is valued at $525,525. Carrizo Oil & Gas Inc makes up approx 0.01% of Nisa Investment Advisors’s portfolio.

Carrizo Oil & Gas Inc opened for trading at $31.47 and hit $32.91 on the upside on Friday, eventually ending the session at $32.8, with a gain of 3.44% or 1.09 points. The heightened volatility saw the trading volume jump to 16,56,992 shares. Company has a market cap of $1,928 M.

On the company’s financial health, Carrizo Oil & Gas Inc reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.14. The company had revenue of $132.42 million for the quarter, compared to analysts expectations of $127.57 million. The company’s revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Carrizo Oil & Gas Inc. Company shares were Upgraded by KLR Group on Jul 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $41 .Stifel Initiated Carrizo Oil & Gas Inc on Jun 17, 2016 to “Buy”, Price Target of the shares are set at $48.Company shares were Reiterated by Canaccord Genuity on Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $38 .

Carrizo Oil & Gas Inc. (Carrizo) 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 Utica Shale in Ohio the Niobrara Formation in Colorado and the Marcellus Shale in Pennsylvania. The Company’s core Eagle Ford properties are located in LaSalle County in McMullen Frio and Atascosa counties in Texas. It has joint venture arrangements with GAIL GLOBAL (USA) INC. (GAIL) which is a wholly owned subsidiary of GAIL (India) Limited. The Company serves as an operator of the properties covered by its Niobrara joint venture arrangements. The Company’s activities in the Marcellus are conducted through two joint ventures.

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