Carrizo Oil & Gas Inc (CRZO) : First Mercantile Trust Co reduced its stake in Carrizo Oil & Gas Inc by 9.52% during the most recent quarter end. The investment management company now holds a total of 16,226 shares of Carrizo Oil & Gas Inc which is valued at $669,647 after selling 1,708 shares in Carrizo Oil & Gas Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Carrizo Oil & Gas Inc makes up approximately 0.09% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in CRZO during the most recent quarter. The investment firm sold 18,258 shares of CRZO which is valued $753,508.Bnp Paribas Arbitrage Sa reduced its stake in CRZO by selling 8,588 shares or 50.05% in the most recent quarter. The Hedge Fund company now holds 8,570 shares of CRZO which is valued at $355,912.
Carrizo Oil & Gas Inc closed down -0.21 points or -0.51% at $41.27 with 13,29,070 shares getting traded on Friday. Post opening the session at $41.44, the shares hit an intraday low of $40.88 and an intraday high of $41.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Carrizo Oil & Gas Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.13. The company had revenue of $107.30 million for the quarter, compared to analysts expectations of $123.41 million. The company’s revenue was down -13.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Carrizo Oil & Gas Inc. Company shares were Reiterated by FBR Capital on Sep 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 50 from a previous price target of $49 .Company shares were Reiterated by Imperial Capital on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 45 from a previous price target of $39 .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 .
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 Companys 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 Companys activities in the Marcellus are conducted through two joint ventures.