Digging Up the Facts on Carrizo Oil & Gas, Inc. (CRZO)

Carrizo Oil & Gas, Inc. (NASDAQ: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 $36.77, up from yesterday’s close by 1.63%. 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

Does this stock stack up well when compared to its peers in the space? Let’s take a look. Carrizo Oil & Gas, Inc. (CRZO) currently trades with a market capitalization of $2.39B. That value represents a market adjusting for revenues that have been growing by 4.20% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For CRZO, the company currently has $3.23M of cash on the books, which is offset by $1.33B current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-232.88M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0.32 on a per share basis this quarter. Perhaps, that suggests something about why 88.30% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Carrizo Oil & Gas, Inc. recorded a 52-week high of 43.96. It is now trading 7.78 off that level. The stock is trading 38.97 its 50-day moving average by 2.79. The stock carved out a 52-week low down at 16.10.

In recent action, Carrizo Oil & Gas, Inc. (CRZO) has made a move of -7.17% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 49.74, 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 61.50M with 16.94% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CRZO.

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