|Bid||12.00 x 3200|
|Ask||12.19 x 2900|
|Day's Range||12.04 - 13.02|
|52 Week Range||9.67 - 31.57|
|Beta (3Y Monthly)||2.74|
|PE Ratio (TTM)||2.82|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.40|
The intention for merger with SM Energy (SM) reflects Carrizo's (CRZO) focus to realize cost synergy amid intense competition in the prolific Permian basin.
Stocks that moved substantially or traded heavily on Monday: Worldpay Inc., up $9.83 to $108.51 The payments processor agreed to be acquired by Fidelity National Information Services for about $35 billion. ...
The news comes amid a margin crunch in the energy sector as falling oil and gas prices and rising costs weigh on profitability. SM Energy operates in the natural gas rich Permian Basin in a swath of land known as the Midland Basin. Oil prices rose Monday, with international benchmark Brent crude prices gaining 0.55% to $67.53 per barrel while West Texas crude gained 0.96% to $59.08.
Carrizo rose 4.9 percent to $12.19 for a market valuation of $1.1 billion. The talks come as volatile oil prices put pressure on small and midsize energy explorers to pair up to cut costs, particularly in areas such as the Permian Basin of Texas and New Mexico, which is dense with competition. The company has operations in a swathe of the Permian known as the Midland Basin, where it has been spending more to ramp up production, according to a February investor presentation.
Energy Sector Highlights Last Week(Continued from Prior Part)Energy stocks In the week ending March 15, upstream stock California Resources (CRC) rose the most among the energy stocks under review in this series, which include the following ETFs:
How Energy Commodities Are Influencing Upstream Energy Stocks(Continued from Prior Part)Oil-weighted stocks’ returnsBetween March 6 and March 13, our list of oil-weighted stocks rose 2.4% compared to the 3.6% rise in US crude oil April futures. On
How Energy Commodities Are Influencing Upstream Energy StocksOil-weighted stocks are sensitive to oilThe following oil-weighted stocks could be sensitive to oil’s price movements based on their correlations with US crude oil April futures between
Carrizo Oil & Gas Inc along with its subsidiaries is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Warning! GuruFocus has detected 5 Warning Signs with CRZO. For the last quarter Carrizo Oil & Gas Inc reported a revenue of $273.3 million, compared with the revenue of $246.8 million during the same period a year ago.
Carrizo Oil & Gas, Inc. today announced that management is scheduled to present at the following upcoming conferences. A webcast of the presentations, if available, as well as the slide books used, can be accessed on the Carrizo website at http://www.carrizo.com under the “Investor Relations” section.
Will Oil Overcome President Trump's Dislike?(Continued from Prior Part)Futures spread On February 25, US crude oil April 2019 futures closed ~$1.8 below the April 2020 futures. On February 15, the futures spread was at a discount of ~$2.1. On
Carrizo Oil & Gas, Inc. today announced the Company’s financial results for the fourth quarter and year-end 2018 and provided an operational update. Highlights i
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Two veteran shale executives, Tim Dove and Floyd Wilson, have just stepped down from the top jobs at Pioneer Natural Resources Co. and Halcón Resources Corp., respectively. Dove had set a goal of quadrupling Pioneer’s output to 1 million barrels of oil equivalent within a decade, but the spending required has started to grate on investors. On Friday morning, another activist, Kimmeridge Energy Management Co., announced it had taken a stake in PDC Energy Inc., an exploration and production company with operations in Colorado and Texas. Kimmeridge wants PDC to overhaul its financial priorities, costs, governance and maybe, given the line about “considering all strategic alternatives,” its entire identity.
Oil Market: Analyzing Key Trends(Continued from Prior Part)Changes in inventory levelsOn February 21, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data. A fall of more than ~0.5
Carrizo (CRZO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Oil Prices: Is the Rebound Sustainable?(Continued from Prior Part)Changes in inventory levels On February 13, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data. A rise of less than
Oil Prices: Is the Rebound Sustainable?(Continued from Prior Part)Futures spread On February 4, US crude oil March 2019 futures closed ~$1.76 below the March 2020 futures. On February 11, the futures spread was at a discount of ~$2.8. On February
Important Trends in the Energy Market Last WeekUS crude oil last weekOn February 1–8, US crude oil March futures fell 4.6% and closed at $52.72 per barrel—the lowest closing level for active US crude oil futures since January 28. The rise of
What Drove Your Energy Portfolio This Week?US crude oil fell on February 7 On February 7, US crude oil March futures fell 2.5% and settled at $52.64 per barrel. On the same day, the European Commission lowered the GDP growth rate for the European
Carrizo Oil & Gas Inc. is the latest E&P company to get with the proverbial program in shale. Production growth suffers a bit of course, but is still expected to be double-digits percentage-wise. The requisite references to positive free cash flow and a “mid-$50s” oil-price assumption were also in there.
Carrizo Oil & Gas, Inc. (CRZO) today announced its initial 2019 capital program and production guidance. It allows us to continue delivering profitable, double-digit production growth while also achieving a free-cash-flow-positive inflection point in the third quarter of the year and maintaining momentum into 2020.