Carrizo Oil & Gas, Inc. (CRZO) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $15.36, up from yesterday’s close by 4.70%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Carrizo Oil & Gas, Inc. (CRZO) currently trades with a market capitalization of $1.23 Billion. That value represents a market adjusting for revenues that have been growing by 71.57 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of -$1.06 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.38 on a per share basis this quarter. Perhaps, that suggests something about why 4.73% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how CRZO has been acting. Looking at the stock’s movement on the chart, Carrizo Oil & Gas, Inc. recorded a 52-week high of $30.19. It is now trading 14.83% off that level. The stock is trading $19.76 its 50-day moving average by 4.4%. The stock carved out a 52-week low down at $11.10.
In recent action, Carrizo Oil & Gas, Inc. (CRZO) has made a move of -16.39% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.8, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 15.25% with $77.14 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CRZO.