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Carrizo Oil & Gas sells DJ Basin assets for $140M

28 November 2017

(NASDAQ:CRZO), with 9 analysts believing it is a strong buy. Therefore 56% are positive. Carrizo Oil & Gas has a fifty-two week low of $11.10 and a fifty-two week high of $43.96. The stock has an average rating of "Hold" and a consensus target price of $28.65.

Carrizo Oil & Gas (NASDAQ:CRZO)'s revenue estimates for the current quarter are $227.19 Million according to 16 number of analysts, for the current quarter the company has high revenue estimates of $246.68 Million in contradiction of low revenue estimates of $203.68 Million. (CRZO) has a market cap of $1.64 billion and over the last 12 months, Carrizo Oil & Gas, Inc. KeyBanc Capital Markets maintained Carrizo Oil & Gas Inc (NASDAQ:CRZO) rating on Monday, September 18. The stock has "Buy" rating by Jefferies on Tuesday, October 3. Given that its average daily volume over the 30 days has been 3.87M shares a day, this signifies a pretty significant change over the norm. The rating was upgraded by Seaport Global on Friday, March 31 to "Buy". The firm has "Buy" rating by Jefferies given on Tuesday, October 3. The mean target projections are based on 25 opinions. The Book to Market or BTM is calculated as Market Value (or Stock Price)/Book Value. The rating was downgraded by JP Morgan to "Neutral" on Wednesday, December 7.

L Brands Incorporated (NYSE:LB) had an increase of 0.22% in short interest. The stock decreased 0.55% or $0.11 on November 24, reaching $20.05. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. That is, the BTM is a comparison of a company's net asset value per share to its share price. The Firm is focused on women's intimate and other apparel, personal care, beauty and home fragrance categories. It has a 12.96 P/E ratio. The Company's divisions include Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. The one year price target is $42.46 with zero brokerages rating the company a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell. As per Monday, August 22, the company rating was downgraded by Longbow. Williams Capital Group maintained the stock with "Buy" rating in Thursday, June 29 report. Liberum Capital reinitiated the shares of United Nations in report on Monday, March 27 with "Hold" rating.

Investors sentiment decreased to 1.04 in Q2 2017. Its up 0.41, from 1.31 in 2017Q1. It increased, as 37 investors sold CRZO shares while 49 reduced holdings. 60 funds opened positions while 146 raised stakes. (PHM) worth $280.71 million at the end of the most recent reporting period. Davis owns 40,422 shares or 3.6% of their United States portfolio. Teachers Retirement Of The State Of Kentucky holds 18,900 shares. Hikari Limited accumulated 0.03% or 4,070 shares. BANK OF AMERICA CORP /DE/ owned 88.73% of PulteGroup, Inc.

Delta Asset Management Llc Tn holds 5.17% of its portfolio in Stanley Black & Decker, Inc. for 237,508 shares.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $1.46 million activity. Tiaa Cref Invest Lc reported 173,705 shares. Texas Permanent School Fund owns 45,163 shares. UPS comes in with a P/S ratio of 1.53 that's greater than 1, potentially implying that it could be expensive relative to the overall sector (9.85) and its peers (0.6). Alliancebernstein L P owns 116,437 shares.

$0.39 EPS Expected for American Eagle Outfitters (AEO)
The stock of Manning and Napier Inc (NYSE:MN) has "Market Perform" rating given on Thursday, September 3 by Wood. The stock of American Eagle Outfitters (NYSE:AEO) earned "Sell" rating by Morgan Stanley on Tuesday, August 25.

More About Carrizo Oil & Gas Inc. Omers Administration Corp has invested 0.01% in Carrizo Oil & Gas Inc (NASDAQ:CRZO). Also Businesswire.com published the news titled: "Carrizo Oil & Gas Announces Third Quarter Results" on November 07, 2017. 148,348 were reported by Diamond Hill Cap Management.

Carrizo Oil & Gas, Inc.

Carrizo Oil & Gas (CRZO -7.2%) agrees to sell its assets in the DJ Basin to an unnamed buyer for $140M plus up to $15M contingent payments based on crude oil prices exceeding certain thresholds over the next three years. It has underperformed by 50.75% the S&P500.

The Leverage Ratio of Carrizo Oil & Gas, Inc.

ATR value of the company was 1.14 and Relative Strength Index (RSI) was 49.19. It has a 11.82 P/E ratio. 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 OH, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania. The Volatility 3m of Carrizo Oil & Gas, Inc. The ROIC 5 year average is 0.085288 and the ROIC Quality ratio is 13.078938. The current ratio for CRZO is 0.30 and that of QDEL is 6.30. However the company reported $0.44 earnings per share for the same quarter during previous year.