Shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) recorded -8.04% loss during trading session on June 12th, 2019. The script traded as low as $9.23 and last traded at $9.27. 4.99 million shares changed exchanged hands during trading, a drop of -38.99% from the 30-day average session volume of 3.59M shares. The firm had previously closed at $10.08. The company has $90.20M outstanding shares, a price-to-earnings ratio of 1.67, price-to-earnings-growth ratio of 0.78 and a beta of 2.25. The company has a RSI of 33.12, ATR of 0.71 and a volatility of 6.32% this week. CRZO has a 52 week low price of $9.63 and a 52 week high price of $31.57.
Investors have identified the tech company Carrizo Oil & Gas, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 836.15M, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Carrizo Oil & Gas, Inc. (CRZO) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CRZO, the company has in raw cash 2.17 million on their books with 0 currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 0 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
CRZO were able to record 45.94 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 109000. In cash movements, the company had a total of 125.1 million as operating cash flow.
Potential earnings growth for Carrizo Oil & Gas, Inc. (CRZO)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Carrizo Oil & Gas, Inc. recorded a total of 233.04 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.03% coming in sequential stages and their sales for the third quarter reducing by -0.17%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 156.98 million trying to sell their products during the last quarter, with the result yielding a gross income of 76.06 million. This allows shareholders to hold on to 90.20M with the revenue now reading 1580 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.83 cents a share).
Is the stock of CRZO attractive?
Having a look at the company’s valuation, the company is expected to record 3.42 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CRZO sounds very interesting.
In related news, President and CEO JOHNSON S P IV sold 8,000 shares of the company’s stock in a transaction that recorded on May 15th, 2019. The sale was performed at an average price of 12.45, for a total value of 99,581. As the sale deal closes, the President and CEO JOHNSON S P IV now sold 8,000 shares of the company’s stock, valued at 102,271. Also, Vice President – Land Smith Richard H sold 11,348 shares of the company’s stock in a deal that was recorded on March 19th, 2019. The shares were sold at an average price of 12.11 per share, with a total market value of 99,945. Following this completion of acquisition, the General Counsel & VP-Bus Dev now holds 10,276 shares of the company’s stock, valued at 124,397. In the last 6 months, insiders have changed their ownership in shares of company stock by 4.20%.
5 out of 25 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on Carrizo Oil & Gas, Inc. stock. 0 analysts has assigned a Sell rating on the CRZO stock. The 12-month mean consensus price target for the company’s shares has been set at $19.15.