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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry
vs
history
Equity-to-Asset 0.01
CRZO's Equity-to-Asset is ranked lower than
86% of the 429 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.51 vs. CRZO: 0.01 )
Ranked among companies with meaningful Equity-to-Asset only.
CRZO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01  Med: 0.42 Max: 0.65
Current: 0.01
0.01
0.65
Interest Coverage 0.42
CRZO's Interest Coverage is ranked lower than
94% of the 246 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 60.90 vs. CRZO: 0.42 )
Ranked among companies with meaningful Interest Coverage only.
CRZO' s Interest Coverage Range Over the Past 10 Years
Min: 0.42  Med: 2.05 Max: 3.83
Current: 0.42
0.42
3.83
Piotroski F-Score: 4
Altman Z-Score: -1.81
Beneish M-Score: -3.64
WACC vs ROIC
14.40%
2.33%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating Margin % 7.06
CRZO's Operating Margin % is ranked higher than
80% of the 435 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -46.41 vs. CRZO: 7.06 )
Ranked among companies with meaningful Operating Margin % only.
CRZO' s Operating Margin % Range Over the Past 10 Years
Min: -297.15  Med: 18.11 Max: 31.75
Current: 7.06
-297.15
31.75
Net Margin % -152.27
CRZO's Net Margin % is ranked lower than
69% of the 435 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -51.58 vs. CRZO: -152.27 )
Ranked among companies with meaningful Net Margin % only.
CRZO' s Net Margin % Range Over the Past 10 Years
Min: -269.14  Med: 7.8 Max: 31.87
Current: -152.27
-269.14
31.87
ROE % -1138.54
CRZO's ROE % is ranked lower than
99% of the 427 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.79 vs. CRZO: -1138.54 )
Ranked among companies with meaningful ROE % only.
CRZO' s ROE % Range Over the Past 10 Years
Min: -1138.54  Med: 4.38 Max: 23.27
Current: -1138.54
-1138.54
23.27
ROA % -41.38
CRZO's ROA % is ranked lower than
78% of the 503 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.36 vs. CRZO: -41.38 )
Ranked among companies with meaningful ROA % only.
CRZO' s ROA % Range Over the Past 10 Years
Min: -46.31  Med: 1.59 Max: 8.89
Current: -41.38
-46.31
8.89
ROC (Joel Greenblatt) % -40.48
CRZO's ROC (Joel Greenblatt) % is ranked lower than
69% of the 478 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.79 vs. CRZO: -40.48 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
CRZO' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -56.8  Med: 5.11 Max: 9.21
Current: -40.48
-56.8
9.21
3-Year Revenue Growth Rate -16.20
CRZO's 3-Year Revenue Growth Rate is ranked higher than
54% of the 379 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -17.60 vs. CRZO: -16.20 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
CRZO' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -16.2  Med: 19.6 Max: 46.2
Current: -16.2
-16.2
46.2
GuruFocus has detected 5 Warning Signs with Carrizo Oil & Gas Inc $CRZO.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» CRZO's 10-Y Financials

Financials (Next Earnings Date: 2017-05-23 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

CRZO Guru Trades in Q1 2016

Jim Simons 620,842 sh (New)
Third Avenue Management 46,900 sh (New)
Columbia Wanger 1,192,452 sh (+8.29%)
Diamond Hill Capital 149,287 sh (unchged)
Michael Price 106,000 sh (unchged)
Steven Cohen Sold Out
Paul Tudor Jones Sold Out
Mariko Gordon 1,256,858 sh (-5.92%)
RS Investment Management 333,729 sh (-64.59%)
» More
Q2 2016

CRZO Guru Trades in Q2 2016

Diamond Hill Capital 149,287 sh (unchged)
Michael Price 106,000 sh (unchged)
Third Avenue Management 46,900 sh (unchged)
Mariko Gordon 1,233,640 sh (-1.85%)
Columbia Wanger 1,062,539 sh (-10.89%)
RS Investment Management 292,399 sh (-12.38%)
Jim Simons 65,252 sh (-89.49%)
» More
Q3 2016

CRZO Guru Trades in Q3 2016

Third Avenue Management 92,435 sh (+97.09%)
Columbia Wanger 1,105,813 sh (+4.07%)
Michael Price 106,000 sh (unchged)
Jim Simons Sold Out
Diamond Hill Capital 148,501 sh (-0.53%)
Mariko Gordon 1,191,440 sh (-3.42%)
» More
Q4 2016

CRZO Guru Trades in Q4 2016

Caxton Associates 22,693 sh (New)
Steven Cohen 155,800 sh (New)
Third Avenue Management 102,753 sh (+11.16%)
Michael Price 106,000 sh (unchged)
Diamond Hill Capital 148,388 sh (-0.08%)
Mariko Gordon 1,187,024 sh (-0.37%)
Columbia Wanger 860,440 sh (-22.19%)
» More
» Details

Insider Trades

Latest Guru Trades with CRZO

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P    NAICS: 211111    SIC: 1311
Compare:NAS:VNOM, OTCPK:PARXF, NYSE:ERF, OTCPK:PEGFF, OTCPK:CRNZF, OTCPK:BIREF, NYSE:WRD, OTCPK:MEGEF, NYSE:MTDR, NAS:TELL, NYSE:CWEI, OTCPK:AVOGF, OTCPK:PRMRF, NYSE:KOS, NYSE:SM, OTCPK:FRHLF, NYSE:AAV, OTCPK:TUWOY, NYSE:EPE, OTCPK:BEPTF » details
Traded in other countries:CO1.Germany,
Carrizo Oil & Gas Inc along with its subsidiaries is engaged in the exploration, development and production oil and gas from resource plays located in the United States.

Carrizo Oil & Gas Inc is a Houston-based independent energy company. The Company together with its subsidiaries is engaged in the exploration, development, and production of oil and gas in the United States and the United Kingdom. It explores in the Eagle Ford Shale in South Texas, the Niobrara Formation in Colorado, the Barnett Shale in North Texas, the Marcellus Shale in Pennsylvania, New York, and West Virginia, the Utica Shale in Ohio and Pennsylvania. It generates exploration prospects through geological and geophysical analysis of 3-D seismic and other data. It continues its primary exploration effort and capital program on resource plays, where individual wells tend to have lower risk and moderate potentials, such as its development drilling in the Eagle Ford and Marcellus Shales. The Company's customers are Enterprise Products Operating, LLC, Shell Trading (U.S) Company, Enterprise Trading, Inc., DTE Energy Trading, Inc. The Company's competitors include integrated oil and gas companies and numerous independent oil and gas companies, individuals and drilling and income programs. Its operations are subject to various federal, state, local and foreign laws and government regulations.

Guru Investment Theses on Carrizo Oil & Gas Inc

Third Avenue Comments on Carrizo Oil & Gas - May 27, 2016

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Since our initial purchase in February, Carrizo Oil & Gas has been a strong performer. With a solid balance sheet and a significant drilling inventory,we see Carrizo as a multi-year compounder into recovering oil prices, however long that takes.

Based in Houston, TX, Carrizo is an exploration and production company focused on oil and gas plays in the U.S. Its most important acreage is in the high quality core areas of the Eagle Ford shale in South Texas, the Delaware basin in the Permian in West Texas, and the Utica shale in Ohio. Carrizo's share price, like those of all oil and gas production companies, came under extreme price pressure in February, as the market sold off and investors feared sustained oil prices in the low-$20 per barrel range.

Carrizo is unique from our perspective as a small cap company thanks to its high quality acreage (what we call good rocks) and a strong balance sheet. It fits our criteria for creditworthiness, with a disciplined hedging program to forward sell 50% of production, and a recently re-determined borrowing base on its $600 million revolving loan versus $50 million drawn.

As for its acreage, Carrizo rocks aren't just good, their 88,000 acres in the Eagle Ford play in South Texas are great, with about 75% oil cuts and a PV103 break-even of $32.50 per barrel. Further, Carrizo has the ability to respond quickly to higher prices, with drilled but uncompleted inventory of 53 net Eagle Ford wells, which represents upwards of almost 12,000 barrels of oil equivalent production per day (B0Epd), or almost half of their current production run rate. With stronger prices, Carrizo has the balance sheet and the acreage to opportunistically increase production in 30 days through fracking and completing these wells. Moreover, it has a long horizon of drilling visibility with 53 planned Eagle Ford wells in 2016, vs. a base well inventory of 915 drilling locations and potentially an inventory of 2,100 locations with tighter spacing. Indeed, as good oil plays get better,

Carrizo has the sweet spot acreage in one of the best.



From Chip Rewey's second quarter 2016 Third Avenue Small-Cap Value Fund letter.



Check out Martin Whitman,Third Avenue Management latest stock trades

Top Ranked Articles about Carrizo Oil & Gas Inc

Third Avenue Comments on Carrizo Oil & Gas Guru stock highlight
Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Since our initial purchase in February, Carrizo Oil & Gas has been a strong performer. With a solid balance sheet and a significant drilling inventory,we see Carrizo as a multi-year compounder into recovering oil prices, however long that takes.

Based in Houston, TX, Carrizo is an exploration and production company focused on oil and gas plays in the U.S. Its most important acreage is in the high quality core areas of the Eagle Ford shale in South Texas, the Delaware basin in the Permian in West Texas, and the Utica shale in Ohio. Carrizo's share price, like those of all oil and gas production companies, came under extreme price pressure in February, as the market sold off and investors feared sustained oil prices in the low-$20 per barrel range.

Carrizo is unique from our perspective as a small cap company thanks to its high quality acreage (what we call good rocks) and a strong balance sheet. It fits our criteria for creditworthiness, with Read more...

Ratios

vs
industry
vs
history
Forward PE Ratio 18.32
CRZO's Forward PE Ratio is ranked higher than
63% of the 201 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 21.19 vs. CRZO: 18.32 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 74.72
CRZO's PB Ratio is ranked lower than
99% of the 565 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.18 vs. CRZO: 74.72 )
Ranked among companies with meaningful PB Ratio only.
CRZO' s PB Ratio Range Over the Past 10 Years
Min: 0.74  Med: 2.63 Max: 114.97
Current: 74.72
0.74
114.97
PS Ratio 3.59
CRZO's PS Ratio is ranked lower than
52% of the 563 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.40 vs. CRZO: 3.59 )
Ranked among companies with meaningful PS Ratio only.
CRZO' s PS Ratio Range Over the Past 10 Years
Min: 1.27  Med: 4.78 Max: 12.9
Current: 3.59
1.27
12.9
Price-to-Operating-Cash-Flow 5.83
CRZO's Price-to-Operating-Cash-Flow is ranked higher than
58% of the 396 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 7.44 vs. CRZO: 5.83 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
CRZO' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.66  Med: 6.01 Max: 17.51
Current: 5.83
1.66
17.51
Current Ratio 0.34
CRZO's Current Ratio is ranked lower than
81% of the 487 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.24 vs. CRZO: 0.34 )
Ranked among companies with meaningful Current Ratio only.
CRZO' s Current Ratio Range Over the Past 10 Years
Min: 0.34  Med: 0.71 Max: 1.91
Current: 0.34
0.34
1.91
Quick Ratio 0.34
CRZO's Quick Ratio is ranked lower than
81% of the 486 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.12 vs. CRZO: 0.34 )
Ranked among companies with meaningful Quick Ratio only.
CRZO' s Quick Ratio Range Over the Past 10 Years
Min: 0.34  Med: 0.71 Max: 1.91
Current: 0.34
0.34
1.91
Days Sales Outstanding 52.83
CRZO's Days Sales Outstanding is ranked higher than
55% of the 386 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 56.03 vs. CRZO: 52.83 )
Ranked among companies with meaningful Days Sales Outstanding only.
CRZO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.15  Med: 72.46 Max: 111.85
Current: 52.83
36.15
111.85
Days Payable 164.65
CRZO's Days Payable is ranked higher than
71% of the 241 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 88.92 vs. CRZO: 164.65 )
Ranked among companies with meaningful Days Payable only.
CRZO' s Days Payable Range Over the Past 10 Years
Min: 164.65  Med: 287.48 Max: 735.56
Current: 164.65
164.65
735.56

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -12.70
CRZO's 3-Year Average Share Buyback Ratio is ranked lower than
57% of the 373 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.80 vs. CRZO: -12.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
CRZO' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -21.2  Med: -8.9 Max: -0.4
Current: -12.7
-21.2
-0.4

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 74.72
CRZO's Price-to-Tangible-Book is ranked lower than
99% of the 528 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.31 vs. CRZO: 74.72 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
CRZO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.69  Med: 2.25 Max: 103.75
Current: 74.72
0.69
103.75
Price-to-Median-PS-Value 0.75
CRZO's Price-to-Median-PS-Value is ranked higher than
67% of the 492 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.11 vs. CRZO: 0.75 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
CRZO' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.38  Med: 0.85 Max: 2.43
Current: 0.75
0.38
2.43
Earnings Yield (Greenblatt) % -19.57
CRZO's Earnings Yield (Greenblatt) % is ranked lower than
87% of the 569 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -4.07 vs. CRZO: -19.57 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CRZO' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -19.57  Med: 4.7 Max: 10.7
Current: -19.57
-19.57
10.7
Forward Rate of Return (Yacktman) % 1.51
CRZO's Forward Rate of Return (Yacktman) % is ranked higher than
75% of the 173 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -16.18 vs. CRZO: 1.51 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
CRZO' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -76.4  Med: -19.4 Max: 57.3
Current: 1.51
-76.4
57.3

More Statistics

Revenue (TTM) (Mil) $443.6
EPS (TTM) $ -11.30
Beta2.47
Short Percentage of Float17.78%
52-Week Range $26.50 - 43.96
Shares Outstanding (Mil)65.14

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 752 1,044 1,387
EPS ($) 1.58 3.02 5.63
EPS without NRI ($) 1.58 3.02 5.63
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for CRZO

Headlines

Articles On GuruFocus.com
Third Avenue Comments on Carrizo Oil & Gas May 27 2016 
Chip Rewey's Third Avenue Small-Cap Value Fund 2nd Quarter Commentary May 27 2016 
3 Reasons to Invest in Carrizo Oil & Gas Apr 07 2016 
Carrizo Oil & Gas: Expect Strong Results-Driven Rally Nov 05 2015 
Mariko Gordon's Stocks Trading with Low P/E Ratio Jul 16 2015 
Carrizo Oil and Gas: Eagle Ford Production Will Help It Deliver Upside May 10 2015 
Why Carrizo Oil And Gas Is a Good Buy Mar 24 2015 
Why This Oil Company Is a Good Buy Despite Weak Results Feb 27 2015 
Mariko Gordon's First Quarter Top Five May 15 2014 
Who Is Mariko Gordon? A Guru to Follow Aug 30 2013 

More From Other Websites
Wall Street Targets for Key Eagle Ford Oil and Gas Stocks Mar 23 2017
Coverage initiated on Carrizo Oil & Gas by Williams Capital Group Mar 20 2017
Conference-OGIS New York for Carrizo Oil & Gas, Inc. Mar 08 2017
Jefferies Cuts 2017 Natural Gas Price Forecast, Changes Ratings on Producers Mar 04 2017
CARRIZO OIL & GAS INC Financials Mar 03 2017
Massive Cluster of Insider Selling at Data Management Company and Other Insider Trading Mar 03 2017
Oil Is Firm Due to OPEC’s Cut: Bonanza for Oil-Weighted Stocks Feb 28 2017
CARRIZO OIL & GAS INC Files SEC form 10-K, Annual Report Feb 27 2017
Carrizo Oil & Gas, Inc. :CRZO-US: Earnings Analysis: 2016 By the Numbers : February 27, 2017 Feb 27 2017
Continental Resources Eyes Lower Frac Sand Use Amid Demand Boom Feb 23 2017
Edited Transcript of CRZO earnings conference call or presentation 23-Feb-17 4:00pm GMT Feb 23 2017
CARRIZO OIL & GAS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Feb 23 2017
Q4 2016 Carrizo Oil & Gas Inc Earnings Release - Before Market Open Feb 23 2017
Carrizo reports 4Q loss Feb 23 2017
Carrizo reports 4Q loss Feb 23 2017
Carrizo Oil & Gas, Inc. Announces Fourth Quarter and Year-End Results and Provides 2017 Guidance Feb 23 2017
5 Earnings Short-Squeeze Plays: Kohl's Is One of Them Feb 22 2017
Why Carrizo Oil &Gas (CRZO) Might Surprise This Earnings Season Feb 22 2017
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Why These Oil-Weighted Stocks Could Be a Concern for You Feb 14 2017
What Are Analysts Saying about Marathon Oil? Feb 13 2017
Carrizo Oil & Gas Announces Fourth Quarter and Full Year 2016 Financial Results Release Date and... Feb 07 2017
Carrizo Oil & Gas, Inc. Announces Third Quarter Results Nov 03 2016
Carrizo Oil & Gas Prices Upsized Public Offering of Common Stock Oct 24 2016
Carrizo Oil & Gas Announces Public Offering of Common Stock Oct 24 2016
Carrizo Oil & Gas Announces Eagle Ford Shale Acquisition and Estimated Third Quarter Production Oct 24 2016
Carrizo Oil & Gas Announces Third Quarter 2016 Financial Results Release Date and Conference Call... Oct 24 2016
Carrizo Oil & Gas, Inc. Announces Second Quarter Results and Increases 2016 Production Guidance Aug 04 2016
Carrizo Oil & Gas Announces Participation in Upcoming Conferences May 26 2016
Carrizo Oil & Gas, Inc. Announces First Quarter Results and Increases 2016 Production Guidance May 04 2016
Carrizo Oil & Gas Announces First Quarter 2016 Financial Results Release Date and Conference Call Apr 20 2016
Carrizo Oil & Gas Announces Participation in Upcoming Conference Mar 31 2016

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