Carrizo Oil & Gas, Inc., an energy company, explores for, develops, and produces crude oil, natural gas liquids, and gas from resource plays primarily in the United States.
+ 1 more risk
Good value with proven track record.
Share Price & News
How has Carrizo Oil & Gas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CRZO's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: CRZO underperformed the US Oil and Gas industry which returned -4.2% over the past year.
Return vs Market: CRZO underperformed the US Market which returned 24.7% over the past year.
Price Volatility Vs. Market
How volatile is Carrizo Oil & Gas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
9 months ago | Simply Wall StCarrizo Oil & Gas, Inc. (NASDAQ:CRZO) Earns Among The Best Returns In Its Industry
10 months ago | Simply Wall StIs Carrizo Oil & Gas, Inc.'s (NASDAQ:CRZO) Balance Sheet A Threat To Its Future?
10 months ago | Simply Wall StShould You Worry About Carrizo Oil & Gas, Inc.'s (NASDAQ:CRZO) CEO Pay Cheque?
Is Carrizo Oil & Gas undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CRZO ($7.83) is trading below our estimate of fair value ($8.3)
Significantly Below Fair Value: CRZO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CRZO is good value based on its PE Ratio (1.2x) compared to the Oil and Gas industry average (10.2x).
PE vs Market: CRZO is good value based on its PE Ratio (1.2x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: CRZO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CRZO is good value based on its PB Ratio (0.5x) compared to the US Oil and Gas industry average (1x).
How is Carrizo Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRZO's earnings are forecast to decline over the next 3 years (-10% per year).
Earnings vs Market: CRZO's earnings are forecast to decline over the next 3 years (-10% per year).
High Growth Earnings: CRZO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CRZO's revenue (5.3% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: CRZO's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CRZO's Return on Equity is forecast to be high in 3 years time
How has Carrizo Oil & Gas performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRZO has a high level of non-cash earnings.
Growing Profit Margin: CRZO's current net profit margins (62%) are higher than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: CRZO has become profitable over the past 5 years, growing earnings by 40.5% per year.
Accelerating Growth: CRZO's earnings growth over the past year (521.9%) exceeds its 5-year average (40.5% per year).
Earnings vs Industry: CRZO earnings growth over the past year (521.9%) exceeded the Oil and Gas industry -13.3%.
Return on Equity
High ROE: Whilst CRZO's Return on Equity (41.12%) is outstanding, this metric is skewed due to their high level of debt.
How is Carrizo Oil & Gas's financial position?
Financial Position Analysis
Short Term Liabilities: CRZO's short term assets ($138.9M) do not cover its short term liabilities ($331.7M).
Long Term Liabilities: CRZO's short term assets ($138.9M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: CRZO's debt to equity ratio (115.1%) is considered high.
Reducing Debt: CRZO's debt to equity ratio has increased from 106.2% to 115.1% over the past 5 years.
Inventory Level: CRZO has a high level of physical assets or inventory.
Debt Coverage by Assets: CRZO's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CRZO is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: CRZO is profitable, therefore cash runway is not a concern.
What is Carrizo Oil & Gas's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CRZO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CRZO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CRZO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CRZO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CRZO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chip Johnson (62yo)
Mr. Sylvester P. Johnson, Jr., IV, also known as Chip, serves as President, Chief Executive Officer and Director at Carrizo (Utica) LLC. Mr. Johnson has been the Chief Executive Officer and President of Ca ...
CEO Compensation Analysis
Compensation vs Market: Chip's total compensation ($USD5.71M) is above average for companies of similar size in the US market ($USD2.53M).
Compensation vs Earnings: Chip's compensation has been consistent with company performance over the past year.
|VP & CFO||5.33yrs||US$3.14m||0.14% $1.1m|
|VP & COO||14.75yrs||US$3.64m||0.19% $1.5m|
|VP of Business Development & General Counsel||11.92yrs||US$2.14m||0.14% $1.1m|
|VP & Chief Accounting Officer||5.25yrs||US$481.32k||0.032% $243.8k|
|Vice President of Technology & New Business Development||1.58yrs||no data||no data|
|Chief Information Officer & VP||5.83yrs||no data||no data|
|Vice President of Corporate Development & Finance||2.75yrs||no data||no data|
|Vice President of Human Resources||3.92yrs||no data||no data|
|Vice President of Exploration||4.83yrs||no data||no data|
Experienced Management: CRZO's management team is seasoned and experienced (5.3 years average tenure).
|Independent Chairman of the Board||22.5yrs||US$398.76k||3.31% $25.3m|
|Independent Director||26.92yrs||US$174.08k||0.034% $257.2k|
|Independent Director||15.92yrs||US$270.40k||0.050% $384.6k|
|Lead Independent Director||7.58yrs||US$325.02k||0.086% $655.3k|
|Independent Director||14.75yrs||US$242.19k||0.060% $457.9k|
|Independent Director||7.08yrs||US$212.39k||0.024% $184.7k|
|Independent Director||1.75yrs||US$216.74k||0.0056% $42.4k|
Experienced Board: CRZO's board of directors are seasoned and experienced ( 15.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CRZO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11%.
Carrizo Oil & Gas, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Carrizo Oil & Gas, Inc.
- Ticker: CRZO
- Exchange: NasdaqGS
- Founded: 1993
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$764.035m
- Shares outstanding: 92.61m
- Website: https://www.carrizo.com
Number of Employees
- Carrizo Oil & Gas, Inc.
- 500 Dallas Street
- Suite 2300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CRZO||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Aug 1997|
|CO1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 1997|
|0HTX||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Aug 1997|
Carrizo Oil & Gas, Inc., an energy company, explores for, develops, and produces crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas. As of December 31, 2018, it had proved oil and gas reserves of 329.4 million barrels of oil equivalent. Carrizo Oil & Gas, Inc. was founded in 1993 and is based in Houston, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/12/20 23:32|
|End of Day Share Price||2019/12/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.