|Bid||22.77 x 1800|
|Ask||23.75 x 1000|
|Day's Range||22.35 - 22.96|
|52 Week Range||11.10 - 31.57|
|PE Ratio (TTM)||69.15|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||33.23|
Devon's (DVN) decision to monetize non-core assets is likely to help lower its debts as well as add shareholder value through share buyback and dividend hike.
The deal comes more than a year after Carrizo bought 23,656 gross — or 16,488 net — acres in the Delaware Basin for $648 million. Since then, the company made several divestments.
Carrizo Oil & Gas, Inc. (CRZO) today announced that it has priced an underwritten public offering of 9,500,000 shares of its common stock at a price to the public of $23.00 per share. The total gross proceeds of the offering (before underwriters’ discounts and commissions and estimated offering expenses) will be approximately $218.5 million. Carrizo intends to use the net proceeds from the offering to fund the purchase price for the pending acquisition of assets from Devon Energy Production Company, L.P., as described in Carrizo’s Current Report on Form 8-K filed with the Securities and Exchange Commission on August 14, 2018, that is due at closing, and for general corporate purposes, including funding future potential acquisitions or a portion of its 2018 capital expenditure plan.
Carrizo Oil & Gas, Inc. (CRZO) today announced that it has commenced, subject to market and other conditions, an underwritten public offering of 9,500,000 shares of its common stock. The underwriters may offer the shares of common stock from time to time for sale in one or more transactions on the NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. Carrizo intends to use the net proceeds from the offering to fund the purchase price for the pending acquisition of assets from Devon Energy Production Company, L.P., as described in Carrizo’s Current Report on Form 8-K filed with the Securities and Exchange Commission on August 14, 2018, that is due at closing, and for general corporate purposes, including funding future potential acquisitions or a portion of its 2018 capital expenditure plan.
Carrizo Oil & Gas, Inc. (CRZO) today announced that it has agreed to acquire Delaware Basin properties from Devon Energy Corporation (Devon) for $215 million in cash, subject to customary closing adjustments. Subject to market conditions, the Company plans to fund the purchase price with net proceeds from an equity offering announced concurrently with this release.
Cheniere Energy (LNG) reaffirms its EBITDA guidance for full-year 2018 and raises the lower end of the distributable guided range.
On August 13, US crude oil September futures closed ~$3.97 above the September 2019 futures contract. On August 6, the futures spread was at a premium of ~$5.02. On August 6–13, US crude oil September futures fell 2.6%.
Geopolitical concerns have once again hit the stock markets with the collapse of Turkish lira. The currency nosedived as much as 11% against the dollar in early trading today, after plummeting more than 20% on Friday. President Tayyip Erdogan’s influence over monetary policy and a worsening U.S. relationship have ignited worries over the contagion spreading across the global market.Source: Shutterstock
HighPoint Resources (HPR), which is primarily based in the Denver-Julesburg and Uintah basins, was the weakest E&P (exploration and production) stock last week, falling 21.6%. It fell sharply after the company’s second-quarter earnings missed analysts’ estimate—HPR posted EPS of -$0.22, while analysts had expected it to see a marginal profit. Moreover, the company lowered its natural gas and NGL (natural gas liquid) production guidance for this year due to pipeline constraints. However, the company maintained its 2019 production guidance.
Inflation hasn't been a major problem in America for over a decade, but with estimates for U.S. second-quarter GDP clocking in at 4.1%, the era of low inflation could be coming to an end. How can investors limit the damage that inflation can wreak on a portfolio? One way is to own stocks that benefit in some way from inflation.
On August 9, US crude oil’s implied volatility was 23.1%, which was ~1.3% below its 15-day average. The inverse relationship between oil prices and oil’s implied volatility is illustrated in the graph below.
The plethora of U.S.-led sanctions towards Iran and Russia this week, along with an escalating U.S.-China trade war, has put a healthy floor on crude oil prices above $60 a barrel, which allows well-positioned energy players to rip the rewards of healthy balance sheets and streamlined capital expenditure programs. In regards to Iran sanctions, we have not seen Iran's response yet to the imposition of sanctions.
NEW YORK, Aug. 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of HCA ...
NEW YORK, NY / ACCESSWIRE / August 7, 2018 / Carrizo Oil & Gas, Inc. (NASDAQ: CRZO ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 7, 2018 at 11:00 AM Eastern ...
Carrizo (CRZO) delivered earnings and revenue surprises of 17.91% and 11.49%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Houston-based company said it had net income of 36 cents. Earnings, adjusted for non-recurring costs, came to 79 cents per share. The results surpassed Wall Street expectations. ...
Cactus is the IBD Stock Of The Day. The recent energy equipment IPO is nearing a buy point following strong earnings last week.
Carrizo Oil & Gas, Inc. today announced the Company’s financial results for the second quarter of 2018 and provided an operational update, which includes the fol
Between July 25 and August 1, our list of oil-weighted stocks fell 3.8%, while US crude oil September futures fell 2.4%. In fact, all the oil-weighted stocks on our list closed in the red.
Approximately 48.3% of the analysts rated Apache (APA) as a “hold,” ~17.2% rated it as a “buy,” and ~21% rated it as “underperform.”
Carrizo Oil & Gas, Inc. will hold a conference call to discuss 2018 second quarter financial results on Tuesday, August 7, 2018 at 10:00 AM Central Daylight Time.
Moody's Investors Service (Moody's) upgraded Carrizo Oil & Gas, Inc.'s (Carrizo) Corporate Family Rating (CFR) to B1 from B2, its Probability of Default Rating to B1-PD from B2-PD, and the ratings on its senior unsecured notes to B2 from B3. The Speculative Grade Liquidity (SGL) Rating was moved to SGL-3 from SGL-2. The ratings outlook is stable.