Switch to:
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 0.04
CRZO's Equity-to-Asset is ranked lower than
87% of the 423 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.51 vs. CRZO: 0.04 )
Ranked among companies with meaningful Equity-to-Asset only.
CRZO' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.15  Med: 0.42 Max: 0.87
Current: 0.04
-0.15
0.87
Interest Coverage 1.29
CRZO's Interest Coverage is ranked lower than
95% of the 197 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 191.96 vs. CRZO: 1.29 )
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: 1.29
0.42
3.83
Piotroski F-Score: 5
Altman Z-Score: -1.02
Beneish M-Score: -3.14
WACC vs ROIC
10.99%
7.42%
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 % 18.76
CRZO's Operating Margin % is ranked higher than
80% of the 429 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -45.13 vs. CRZO: 18.76 )
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: 18.76
-297.15
31.75
Net Margin % -63.08
CRZO's Net Margin % is ranked lower than
70% of the 429 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -49.17 vs. CRZO: -63.08 )
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: -63.08
-269.14
31.87
ROA % -20.59
CRZO's ROA % is ranked lower than
79% of the 496 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.02 vs. CRZO: -20.59 )
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: -20.59
-46.31
8.89
ROC (Joel Greenblatt) % -16.99
CRZO's ROC (Joel Greenblatt) % is ranked lower than
69% of the 470 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.05 vs. CRZO: -16.99 )
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: -16.99
-56.8
9.21
3-Year Revenue Growth Rate -16.20
CRZO's 3-Year Revenue Growth Rate is ranked higher than
56% of the 369 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -18.20 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: 17.45 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 30-Y Financials

Financials (Next Earnings Date: 2017-08-09 Est.)


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

» Details

Guru Trades

Q2 2016

CRZO Guru Trades in Q2 2016

Third Avenue Management 46,900 sh (unchged)
Michael Price 106,000 sh (unchged)
Diamond Hill Capital 149,287 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

Steven Cohen 155,800 sh (New)
Caxton Associates 22,693 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
Q1 2017

CRZO Guru Trades in Q1 2017

NWQ Managers 2,620,911 sh (New)
Ron Baron 17,300 sh (New)
Steven Cohen 460,700 sh (+195.70%)
Third Avenue Management 163,353 sh (+58.98%)
Columbia Wanger 1,052,797 sh (+22.36%)
Steven Cohen 200,000 sh (unchged)
Michael Price 106,000 sh (unchged)
Caxton Associates Sold Out
Diamond Hill Capital 148,348 sh (-0.03%)
Mariko Gordon 1,124,555 sh (-5.26%)
» 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%)

No Entry found in the selected group of Gurus. You can
  • 1. Modify your Personalized List of Gurus, or
  • 2. Click on Premium Premium Tools above to check out all the Gurus, or
  • 3. Click on Premium Plus Premium Plus above for the stocks picks of all the institutional investment advisors (>4000)
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P    NAICS: 211111    SIC: 1311
Compare:OTCPK:CRNCY, OTCPK:PRMRF, NAS:VNOM, OTCPK:PEGFF, OTCPK:BIREF, OTCPK:MEGEF, NYSE:WRD, OTCPK:PARXF, NYSE:AAV, OTCPK:FRHLF, NYSE:ERF, NYSE:EPE, OTCPK:NSTRY, NAS:TELL, NAS:MEMP, OTCPK:UNEGF, NYSE:HK, AMEX:GTE, NYSE:REN, OTCPK:KELTF » details
Traded in other countries:CO1.Germany,
Headquarter Location:USA
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

Carrizo Oil & Gas Announces First Quarter 2017 Financial Results Release Date and Conference Call and Participation in Upcoming Conferences
Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) to Ring The Nasdaq Stock Market Closing Bell
Carrizo Oil & Gas Announces Participation in Upcoming Conference
EnerCom to Host The Oil & Gas Conference(R) 21 in Denver on August 14-18, 2016

DENVER, CO--(Marketwired - Jun 7, 2016) -  EnerCom, Inc. will host The Oil & Gas Conference® 21 on August 14-18, 2016, in Denver at the Westin Denver Downtown. Investment and oil and gas professionals can register for the event through the conference website.  Conference Details: The Oil & Gas Conference® 21 offers investment professionals the opportunity to listen to senior management teams present operational and financial strategies. The event provides industry professionals a venue to learn about important energy topics effecting the global oil and gas industry. And, the forum fosters healthy dialogue and informal networking opportunities for attendees. Public and Private Company Speakers: The 2016 edition of EnerCom's The Oil & Gas Conference® will feature public and private oil and gas companies with operations spanning more than 40 countries and six continents. A work-in-progress list of the 2016 presenting companies can be found on the conference website. Additional Speakers: Global economists, market strategists, government officials and engineering experts will provide their insights on topics such as the Chinese and Russian economies, the next stage in shale technologies, and in-depth analysis of commodity prices.  Who Attends the Conference: More than 2,000 institutional and hedge fund investors, energy research analysts, retail brokers, trust officers, high net worth investors, investment bankers and energy industry professionals gather in Denver for the conference. One-on-One Meetings:  EnerCom works in advance with presenting company management teams to arrange one-on-one meetings with the attending institutional investors and research analysts at the conference venue. In 2015, EnerCom managed more than 3,000 one-on-one meeting requests. History and Sponsors: EnerCom, Inc. founded The Oil & Gas Conference® in 1996. It is the oldest and largest energy investment conference in Denver. Global sponsors of EnerCom's Conferences are Credit Agricole Corporate & Investment Bank; Netherland, Sewell & Associates; Preng & Associates; Hein & Associates LLP; and PLS. Sponsors of The Oil & Gas Conference® 21 are: GMP Securities; Wells Fargo & Co.; CIBC; Stephens Inc.; Repsol; Haynes and Boone; Wunderlich Securities; Fifth Third Bank; DNB Bank ASA; Bank of America Merrill Lynch; Mutual of Omaha Bank; Petrie Partners; PNC Bank; Scotia Howard Weil; and Royal Dutch Shell plc. About EnerCom, Inc. Founded in 1994, EnerCom, Inc. is a nationally recognized management consultancy firm advising and serving energy-centric clients on corporate strategy, asset valuations, investor relations, media and corporate communications and visual communications design. The Company's professionals have more than 170 years of industry and business experience and a proven track record of success. Headquartered in Denver, EnerCom uses the team approach for delivering its wide range of services to public and private companies, large and small, operating in the global exploration and production, OilService, capital markets, and associated advanced-technology industries. The Company annually hosts two oil and gas investment conferences:

EnerCom Denver - August 14-18, 2016
EnerCom Dallas - March 8-9, 2017

For more information about EnerCom and its services, please visit http://www.enercominc.com/ or call 303-296-8834 to speak with one of our consultants. About Crédit Agricole Corporate and Investment Bank Crédit Agricole Corporate and Investment Bank is the corporate and investment banking arm of the Crédit Agricole Group, the world's eighth largest bank by total assets (The Banker, July 2014). Crédit Agricole CIB offers its clients a comprehensive range of products and services in capital markets, brokerage, investment banking, structured finance, corporate banking, and international private banking. The Bank provides support to clients in large international markets through its network, with a presence in major countries in Europe, the Americas, Asia and the Middle East. With headquarters in New York City, and U.S. offices in Houston and Chicago, Credit Agricole CIB Americas offers its corporate and institutional clients financial products and services and made-to-order structuring, origination and distribution, through both its banking unit Credit Agricole CIB, and the full service broker-dealer Credit Agricole Securities (USA) Inc., which is a member of the NYSE and NASD. Credit Agricole CIB is also present in Montreal, Canada, and in Latin America with offices in Argentina, Brazil, and Mexico. The Energy Industry represents the single largest concentration of industry exposure at Credit Agricole Corporate and Investment Bank, whose specialty focus dates back over 100 years. Our Energy practice for North America, located in Houston, focuses on all segments of the business and covers it on a truly global basis. For more information, visit www.ca-cib.com. About Netherland, Sewell & Associates, Inc. Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. For a complete list of services or to learn more about Netherland, Sewell & Associates, Inc. please visit www.netherlandsewell.com. For more information about NSAI, call C.H. (Scott) Rees, Chief Executive Officer, at 214-969-5401 or send an email to [email protected]. About Preng & Associates Preng & Associates, founded in 1980, is the only retainer-based, international executive search firm specializing solely in the energy industry. Its number one priority is to assist clients with their executive selection, organization development, and human resource needs by providing the highest quality service. Preng's record of accomplishment is directly attributable to their experienced staff, worldwide network of industry contacts, proven search methodology, and high standards of professionalism. Preng has conducted over 3000 searches for board, executive, management, and professional positions in its 35-year history and has the highest success and repeat client track record. Preng's practice is based on the premise that the search process is most effective when conducted by professionals with significant search industry experience. The company has earned a reputation for combining professional search disciplines with an in-depth industry and market understanding and has succeeded in some of the industry's most challenging and high-profile searches. Preng's international reach allows it to effectively conduct global engagements; and as a member of the Association of Executive Search Consultants, Preng practices and promotes its high standards of conduct and professionalism. For more information about Preng & Associates, contact Charles Carpenter, Partner at 713-243-2610 or [email protected].  About Hein & Associates For more than 30 years, Hein & Associates has been recognized as a leading accounting and advisory firm where its people and clients share knowledge, thrive in a culture of teamwork, and build long-term relationships deeply rooted in integrity. With offices in Denver, Dallas, Houston and Irvine, Hein serves public and private companies in a variety of industries across the country. Hein is a member of two of the largest international associations of accounting and advisory firms, which allows us to provide seamless client care domestically and throughout the world. Hein is ranked as one of the "Top 100" accounting and advisory firms in the country by Accounting Today, and consistently recognized by Inside Public Accounting as a "Best of the Best" firm, an honor bestowed on only 25 firms each year, based exclusively on management performance. For more information, please contact Jim Brendel, Managing Partner, at [email protected] or 303.298.9600. About PLS PLS was started in 1987 to adapt the real estate industry's highly effective MLS (multiple listing service) for the oil and gas industry. The firm takes its name from the simple concept of a "Petroleum Listing Service" but PLS has since expanded to provide operators and investors the information, marketing and advisory services they need to better manage their portfolios and facilitate profitable transactions. To that end, PLS publishes various listings, news and research reports; offers proprietary databases; hosts prospect and property expos; brokers and direct markets properties, prospects, overrides and midstream assets for sellers seeking additional services; and provides advisory and consulting services on an as needed or project basis. In total, over 2,000 independent companies and their 10,000 professionals subscribe to one or more of PLS Core Reports, Regional Reports or Premium and Proprietary Databases. In addition, PLS divestment arm is one of the largest handlers of oil and gas asset sales in the mid to under market. Overall, PLS has handled over 900 projects worth an aggregate of $5.0 billion while its advisory arm has done over $1.0 billion in deals and continues to support clients in sourcing new opportunities and capital markets. For more information about PLS products or services, please visit www.plsx.com. About GMP Securities GMP Securities is a leading independent investment dealer with a global specialization in equity, debt underwriting, mergers and acquisitions for the resources/energy industry. With operations in Canada, the United States, Europe, Australia and Asia, we offer a full range of financial products and services across our investment banking, sales, trading and research capabilities to an international client base that includes corporate clients, institutional investors and high-net-worth individuals. GMP Securities is a wholly owned subsidiary of GMP Capital Inc. (GMP), a leading diversified financial services firm headquartered in Toronto, Canada, which provides a wide range of expertise in two integrated business segments: Capital Markets and Wealth Management. GMP is listed on the Toronto Stock Exchange under the symbol "GMP". For further information, please visit GMP's corporate website at www.gmpcapital.com. About Wells Fargo & Company Wells Fargo & Company is a nationwide, diversified, community-based financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. The Energy Banking Group, headed by Bart Schouest, provides corporate banking products and services to the energy sector, including upstream, midstream, oilfield services, and diversified industries. With offices in Houston, Dallas, Denver, Calgary, and Aberdeen the group's success is driven by in-depth industry expertise and longstanding relationships with key industry participants. The group has over $45 billion of credit commitments to public and private companies across the upstream, midstream, downstream, services, and power and utilities sectors. The Energy & Power Investment Banking Group, headed by James Kipp, provides strategic advisory and corporate finance expertise to energy and power clients, including upstream, midstream, oilfield services, downstream, coal and the power & utilities sectors. Areas of focus include equity, equity-linked and debt underwritings, private placements, syndications, and mergers and acquisitions. The Energy & Power Investment Banking Group has offices in Houston and Charlotte. These teams work together to offer clients industry and product expertise, in addition to sharing their understanding of internal and external forces that drive both industry trends and financial markets. For additional information, contact us at 713-319-1350 or [email protected]. To learn more about Wells Fargo & Company, please visit the company's web site at www.wellsfargo.com. About CIBC CIBC is a leading North American bank headquartered in Canada and with offices around the world. CIBC was originally founded nearly 150 years ago, and has supported and financed the energy industry for many decades. CIBC was recently ranked as the strongest publicly traded bank in North America by Bloomberg, and is rated A /Aa3 by S&P and Moody's, respectively. Our energy specialists draw on the breadth of CIBC's capabilities to provide market insights and creative solutions for our clients. Services include corporate banking, commodity and interest rate hedging and strategy, A&D advisory, and capital markets. CIBC is publicly traded on the NYSE and Toronto Stock Exchange under the symbol "CM" and has a market cap of $36 billion and nearly $400 billion in total assets. For more information, please visit www.cibc.com. About Stephens Inc. Founded in 1933, Stephens is a privately-held, independent financial services firm focused on building value for companies, state and local governments, institutions and high-net-worth investors. We are headquartered in Little Rock, Arkansas, with offices in leading cities across the country. Stephens has a been a principal investor in the Energy space since 1952 and has a longstanding commitment to assisting and advising public and private Energy companies throughout their life cycles. Stephens Energy investment banking practice began in 2009 and has completed 35 transactions to-date. There are currently 9 professionals in the Energy investment banking group complemented by 7 equity research analysts and associates covering the Exploration & Production, Oilfield Service, and Master Limited Partnership sectors. The combined knowledge base of the Energy team enables us to provide clients an unmatched level of investment banking service, including mergers and acquisitions advisory, fairness opinions and public and private debt and equity offerings. Our extensive network of relationships in the Energy sector and continued presence in the strategic and capital markets allows Stephens to provide clients with actionable advice and an independent perspective on asset valuations, potential strategic issues and financing alternatives. For more information about Stephens, please visit: http://www.stephens.com/investment-banking/sectors/energy/ About Repsol Repsol is one of the world's leading integrated oil and gas companies. We are present along the entire energy value chain, including exploration, production, refining, marketing and new energy R&D. Repsol's corporate headquarters are located in Madrid, Spain, and our U.S. headquarters are in Houston, Texas. We operate in over 40 countries, with 25,000 employees worldwide. For more information about Repsol, please visit www.repsol.com. About Haynes and Boone Oil and gas is and has always been a volatile business, and today's environment is no exception. Haynes and Boone, LLP is an energy focused corporate law firm, providing a full spectrum of legal services to our clients across the oil and gas industry, including the upstream, midstream, and downstream sectors. Evidence of our commitment to the industry is our opening of our Denver office this year to better serve our energy clients along with our existing offices in Texas, New York, California, Washington, D.C., Shanghai and Mexico City. Haynes and Boone lawyers from all offices work as a team to meet the legal needs of our domestic and international clients involved in oil and gas. We represent domestic and foreign public and private companies engaged in the dynamic day-to-day work of finding and extracting energy in the form of oil and gas and the banks, investment funds and other investors that support them. Our team of more than 100 energy lawyers, landmen and analysts understands the domestic and international physical and financial energy markets, and the firm has been helping both operators and lenders complete some of the largest financings in 2015/2016. With more than 550 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal. For more info, visit www.haynesboone.com. About Wunderlich Securities Established in 1996 in Memphis, TN, Wunderlich Securities, a full-service brokerage firm, is committed to providing a comprehensive range of professional products and services to meet the needs of individual investors as well as corporations and institutions. The Firm offers financial advisory, brokerage, equity research and investment banking services. Fixed Income broker services are provided through Wunderlich Securities Fixed Income Capital Markets and WunTrade divisions of Wunderlich Securities. The firm operates in 26 offices across 15 states and has more than 450 associated professionals. For more information, please contact R. Kevin Andrews, Managing Director, Investment Banking, at (713) 403-3979 or visit www.wunderlichsecurities.com. About Fifth Third Bancorp Fifth Third Bank is a diversified financial services company with over $120 billion in assets. The Bank's energy group is comprised of experienced and knowledgeable individuals that can assist in providing and structuring financial solutions to meet their clients' needs across the upstream, midstream, downstream and services sectors. Solutions and capabilities include commodity hedging, interest rate management, foreign exchange, debt capital markets, treasury management, and depository/investment products. For more information, please contact Richard Butler at 713-401-6101 or [email protected]. About DNB ASA DNB is Norway's largest financial services provider, with total assets approaching $400 billion. The bank has for years been a major provider of capital to the oil & gas industry, growing up literally side by side with the highly prolific fields developed in the Norwegian Sector of the North Sea. The Oslo Energy Office maintains a global financing strategy, and serves this market through multiple offices around the world including Houston, London and Singapore. Energy Americas, based in Houston, comprises approximately 20 seasoned energy finance professionals. Aside from facilitating the bank's global business strategies, the office concentrates primarily on serving middle market and larger customers in the four principal oil & gas sectors -- upstream, midstream, downstream and service -- as well as in Power and Renewables. The bank offers a variety of financial products, from traditional oil & gas reserve financing, to longer-term capital markets transactions and merger/acquisition advisory services through its broker-dealer arm, DNB Markets, Inc. Ancillary service capabilities include cash management/depository services, as well as commodity and interest rate hedging. About Bank of America Merrill Lynch Bank of America Merrill Lynch Oil and Gas Group The Bank of America Merrill Lynch (BofAML) Oil and Gas practice is comprised of a global team of bankers dedicated to covering the energy industry, dating back to the 1920s when Texas predecessor banks pioneered reserve-based lending. The practice includes an experienced in-house Petroleum Engineering team with over 150 years of combined experience. With one of the only full-service financial energy platforms in the industry, the BofAML oil and gas team manages significant capital commitments in the energy sector with dedicated bankers based in Calgary, Denver, Dallas, Houston, London and New York. The BofA Merrill Lynch Global Research platform offers clients access to information and actionable ideas on stocks, bonds, economics and investment strategies. With approximately 700 analysts in more than 20 countries, we offer our clients knowledge about economic and business developments that are having an impact on the markets, so that they can work with their financial advisors to make the most of opportunities. BofA Merrill Lynch Global Research was ranked No. 1 for the fourth consecutive year on the 2014 list of Top Global Research Firms, Institutional Investor.  Bank of America Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,800 retail financial centers and approximately 15,900 ATMs and award-winning online banking with 31 million active users and approximately 17 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange under the ticker BAC. About Mutual of Omaha Bank With expert banking talent and nearly $6 billion in assets, Mutual of Omaha Bank provides financial solutions to individuals and businesses across the United States. The bank is a subsidiary of Mutual of Omaha, a highly rated insurance and financial services leader for more than 100 years. When it comes to the energy industry, Mutual of Omaha Bank's Houston-based energy group is uniquely positioned to meet the specialized lending needs of energy companies, their owners and investors. With a strong capital base and a team of highly experienced energy specialists, commercial bankers and wealth management advisors, Mutual of Omaha Bank offers the financial resources and expertise to be a value added partner. For more information, visit www.mutualofomahabank.com. About Petrie Partners Petrie Partners, LLC is a boutique investment banking firm offering financial advisory services to the oil and gas industry. We provide specialized advice on mergers, divestitures and acquisitions and private placements. The firm was formed in 2011 (as Strategic Energy Advisors) by senior bankers formerly with Bank of America Merrill Lynch and Petrie Parkman & Co., an investment bank that built a reputation as a most trusted advisor to energy clients during the nearly two decades leading up to its merger into Merrill Lynch in 2006. Through tenure with Petrie Parkman, Merrill Lynch and Bank of America Merrill Lynch, the senior members of the Petrie team bring to bear an average of more than 25 years of energy investment banking experience, including over 300 energy M&A and capital raising transactions representing over $350 billion of aggregate consideration. About PNC Bank PNC is one of the largest, best-regarded and best-capitalized financial services companies in the country, with approximately $325 billion in assets and offices in 33 states, Canada and the United Kingdom. PNC's Energy Group, headed by Tom Byargeon, is a significant capital and service provider to energy companies, with approximately $6.5 billion in commitments to the industry. The Energy office in Houston houses a team with extensive experience and deep relationships across the entire energy supply chain. This group also offers strategic corporate finance advice and delivers PNC's comprehensive set of solutions and capabilities, including commodity and interest rate hedging, debt capital markets, loan syndications, treasury management, asset securitization, equipment finance and institutional investments. For more information, please contact Tom Byargeon at 713-353-8782 or [email protected]. You can also visit www.pnc.com. About Scotia Howard Weil Scotiabank is a leading global bank that provides a broad array of financial products and services to the energy industry in over 50 countries. Our sophisticated energy platform fully integrates equity, debt, corporate lending, commodity hedging and capital markets solutions for energy sector companies in North America and around the world. Scotia Howard Weil provides equity research, institutional sales and trading, and equity capital markets services, with an exclusive focus on the energy industry. Scotia Howard Weil's equity research professionals cover over 140 energy companies operating in the following sectors -- European Integrated Oils/Independent Refiners, Infrastructure MLPs, Exploration and Production, Oilfield Equipment & Services, Appalachian Energy, and Coal Producers. Given the firm's exclusive focus on the energy industry, Scotia Howard Weil sales and trading professionals possess a deeper understanding of energy-industry and company-specific events and trends than professionals at more diversified firms. Focused on optimizing your growth strategy, Scotia Howard Weil brings deep industry knowledge, experience, relationships and broad distribution capabilities to each transaction we execute in the U.S. energy equity capital markets. Scotia Howard Weil is a leading manager of equity capital markets transactions in the energy industry, having completed over 50 such transactions since 2014. Scotiabank's oil and gas M&A arm, Scotia Waterous, is a global leader in oil and gas M&A, offering corporate M&A, asset acquisition and divestiture, and corporate finance services to its international clientele. With over 200 mandates completed since 2006 worth more than $167 billion, Scotia Waterous provides best-in-class advisory solutions to enhance your strategic decision making. Scotia Waterous is a technically focused advisor with over 110 integrated and highly experienced technical and corporate professionals based around the world. For more info, visit: www.gbm.scotiabank.com/energy, www.howardweil.com and www.scotiawaterous.com. About Royal Dutch Shell Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 90 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com.


EnerCom

1 303-296-8834





Read more...
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 19.27
CRZO's Forward PE Ratio is ranked higher than
66% of the 283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 23.70 vs. CRZO: 19.27 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 22.71
CRZO's PB Ratio is ranked lower than
99% of the 420 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.22 vs. CRZO: 22.71 )
Ranked among companies with meaningful PB Ratio only.
CRZO' s PB Ratio Range Over the Past 10 Years
Min: 0.74  Med: 2.62 Max: 114.97
Current: 22.71
0.74
114.97
PS Ratio 2.93
CRZO's PS Ratio is ranked lower than
53% of the 405 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.60 vs. CRZO: 2.93 )
Ranked among companies with meaningful PS Ratio only.
CRZO' s PS Ratio Range Over the Past 10 Years
Min: 1.28  Med: 4.66 Max: 13.06
Current: 2.93
1.28
13.06
Price-to-Operating-Cash-Flow 5.08
CRZO's Price-to-Operating-Cash-Flow is ranked higher than
61% of the 267 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 8.20 vs. CRZO: 5.08 )
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: 1.67  Med: 5.95 Max: 17.76
Current: 5.08
1.67
17.76
EV-to-EBIT -11.89
CRZO's EV-to-EBIT is ranked lower than
99.99% of the 209 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 16.34 vs. CRZO: -11.89 )
Ranked among companies with meaningful EV-to-EBIT only.
CRZO' s EV-to-EBIT Range Over the Past 10 Years
Min: -45.6  Med: 18 Max: 6407.4
Current: -11.89
-45.6
6407.4
EV-to-EBITDA -72.49
CRZO's EV-to-EBITDA is ranked lower than
99.99% of the 399 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 12.98 vs. CRZO: -72.49 )
Ranked among companies with meaningful EV-to-EBITDA only.
CRZO' s EV-to-EBITDA Range Over the Past 10 Years
Min: -183.1  Med: 7.7 Max: 168.6
Current: -72.49
-183.1
168.6
Current Ratio 0.32
CRZO's Current Ratio is ranked lower than
81% of the 480 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.23 vs. CRZO: 0.32 )
Ranked among companies with meaningful Current Ratio only.
CRZO' s Current Ratio Range Over the Past 10 Years
Min: 0.26  Med: 0.66 Max: 2.52
Current: 0.32
0.26
2.52
Quick Ratio 0.32
CRZO's Quick Ratio is ranked lower than
81% of the 479 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.12 vs. CRZO: 0.32 )
Ranked among companies with meaningful Quick Ratio only.
CRZO' s Quick Ratio Range Over the Past 10 Years
Min: 0.26  Med: 0.66 Max: 2.52
Current: 0.32
0.26
2.52
Days Sales Outstanding 47.79
CRZO's Days Sales Outstanding is ranked higher than
54% of the 381 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 55.27 vs. CRZO: 47.79 )
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: 47.79
36.15
111.85
Days Payable 142.44
CRZO's Days Payable is ranked higher than
70% of the 238 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 88.02 vs. CRZO: 142.44 )
Ranked among companies with meaningful Days Payable only.
CRZO' s Days Payable Range Over the Past 10 Years
Min: 142.44  Med: 287.48 Max: 735.56
Current: 142.44
142.44
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 365 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: -24.1  Med: -9.75 Max: -0.4
Current: -12.7
-24.1
-0.4

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 22.80
CRZO's Price-to-Tangible-Book is ranked lower than
99% of the 393 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.28 vs. CRZO: 22.80 )
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: 2.19 Max: 103.75
Current: 22.8
0.69
103.75
Price-to-Median-PS-Value 0.63
CRZO's Price-to-Median-PS-Value is ranked higher than
63% of the 345 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.02 vs. CRZO: 0.63 )
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  Med: 0.89 Max: 2.52
Current: 0.63
0
2.52
Price-to-Peter-Lynch-Fair-Value 0.69
CRZO's Price-to-Peter-Lynch-Fair-Value is ranked lower than
99.99% of the 12 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.69 vs. CRZO: 0.69 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
CRZO' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0  Med: 2.51 Max: 183.13
Current: 0.69
0
183.13
Earnings Yield (Greenblatt) % -8.40
CRZO's Earnings Yield (Greenblatt) % is ranked lower than
98% of the 565 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -3.19 vs. CRZO: -8.40 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CRZO' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -8.47  Med: 4.6 Max: 10.7
Current: -8.4
-8.47
10.7
Forward Rate of Return (Yacktman) % -0.84
CRZO's Forward Rate of Return (Yacktman) % is ranked higher than
74% of the 169 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -16.11 vs. CRZO: -0.84 )
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: -19.9 Max: 57.3
Current: -0.84
-76.4
57.3

More Statistics

Revenue (TTM) (Mil) $513.7
EPS (TTM) $ -5.35
Beta2.20
Short Percentage of Float20.91%
52-Week Range $23.49 - 43.96
Shares Outstanding (Mil)65.81

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 714 936 1,387
EPS ($) 1.39 2.34 4.90
EPS without NRI ($) 1.39 2.34 4.90
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for CRZO

Headlines

Articles On GuruFocus.com
Carrizo Oil & Gas Announces First Quarter 2017 Financial Results Release Date and Conference Call an Apr 21 2017 
Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) to Ring The Nasdaq Stock Market Closing Bell Mar 31 2017 
Carrizo Oil & Gas Announces Participation in Upcoming Conference Mar 31 2017 
EnerCom to Host The Oil & Gas Conference(R) 21 in Denver on August 14-18, 2016 Jun 07 2016 
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 

More From Other Websites
Cushing Crude Oil Inventories: Bullish or Bearish for Oil Prices? May 22 2017
OECD’s Crude Oil Inventories Are near a 5-Month Low May 16 2017
Carrizo Oil & Gas Is Due for a Rally May 15 2017
Could Bearish Drivers Halt US Crude Oil Price Recovery? May 15 2017
Edited Transcript of CRZO earnings conference call or presentation 9-May-17 3:00pm GMT May 14 2017
US Gasoline Inventories: Blessing in Disguise May 11 2017
IEA Says OPEC Cuts Could Ease Glut But These Signs Suggest Otherwise May 10 2017
Uh-Oh, OPEC: Top Shale Play Vows Big Output Boost Even With Sub-$50 Oil May 09 2017
Cushing Crude Oil Inventories Fell for 3rd Consecutive Week May 09 2017
Oil-Weighted Stocks That Could Beat Crude Oil May 09 2017
Investor Network: Carrizo Oil & Gas, Inc. to Host Earnings Call May 09 2017
Carrizo beats Street 1Q forecasts May 09 2017
Carrizo Oil & Gas Announces First Quarter Results and Increases 2017 Production Guidance May 09 2017
These 5 Oil Stocks Got Blasted in April May 08 2017
Carrizo Oil & Gas May Be Turning a Corner May 05 2017
Which Oil-Weighted Stocks Could Outdo Crude Oil? May 02 2017
US Gasoline Demand: Bullish or Bearish for Oil Prices? Apr 26 2017
Which Oil-Weighted Stocks Could Beat Oil? Apr 25 2017
Will Global Crude Oil Supply Outages Support Crude Oil Prices? Apr 25 2017
Carrizo Oil & Gas Announces First Quarter 2017 Financial Results Release Date and Conference Call... Apr 21 2017

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat