NasdaqGS:CRZO

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Solid track record and fair value.

Risks

  • Carrizo Oil & Gas has significant price volatility in the past 3 months.

Similar Companies

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


Market Performance


7 Day Return

-2.5%

NasdaqGS:CRZO

-0.3%

US Oil and Gas

0.9%

US Market


1 Year Return

-61.0%

NasdaqGS:CRZO

-21.5%

US Oil and Gas

0.3%

US Market

CRZO underperformed the Oil and Gas industry which returned -22.6% over the past year.

CRZO underperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

CRZOIndustryMarket
7 Day-2.5%-0.3%0.9%
30 Day-5.9%-7.6%-1.9%
90 Day-31.9%-10.6%1.6%
1 Year-61.0%-61.0%-18.6%-21.5%2.6%0.3%
3 Year-75.3%-75.3%-6.1%-14.5%41.0%31.8%
5 Year-85.0%-85.0%-32.7%-41.8%55.2%38.0%

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

Valuation

Is Carrizo Oil & Gas undervalued based on future cash flows and its price relative to the stock market?

1.39x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Carrizo Oil & Gas's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Carrizo Oil & Gas's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Carrizo Oil & Gas is good value based on earnings compared to the US Oil and Gas industry average.

Carrizo Oil & Gas is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Carrizo Oil & Gas earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Carrizo Oil & Gas is good value based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

How is Carrizo Oil & Gas expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

-9.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Carrizo Oil & Gas's revenue is expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).

Carrizo Oil & Gas's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Carrizo Oil & Gas's revenue growth is positive but not above the United States of America market average.

Carrizo Oil & Gas's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Carrizo Oil & Gas's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Carrizo Oil & Gas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Carrizo Oil & Gas performed over the past 5 years?

30.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Carrizo Oil & Gas has delivered over 20% year on year earnings growth in the past 5 years.

Carrizo Oil & Gas's 1-year earnings growth exceeds its 5-year average (2048.6% vs 30.9%)

Carrizo Oil & Gas's earnings growth has exceeded the US Oil and Gas industry average in the past year (2048.6% vs 22.6%).


Return on Equity

Whilst Carrizo Oil & Gas made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.


Return on Assets

Carrizo Oil & Gas used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Carrizo Oil & Gas has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Carrizo Oil & Gas's financial position?


Financial Position Analysis

Carrizo Oil & Gas's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Carrizo Oil & Gas's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Carrizo Oil & Gas's level of debt (122.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (117.3% vs 122.2% today).

Debt is well covered by operating cash flow (39.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 7.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

What is Carrizo Oil & Gas's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Carrizo Oil & Gas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Carrizo Oil & Gas's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Carrizo Oil & Gas has not reported any payouts.

Unable to verify if Carrizo Oil & Gas's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Carrizo Oil & Gas has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Carrizo Oil & Gas's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Carrizo Oil & Gas's salary, the management and board of directors tenure and is there insider trading?

5.0yrs

Average management tenure


CEO

Chip Johnson (62yo)

25.7yrs

Tenure

US$5,705,742

Compensation

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

Chip's remuneration is higher than average for companies of similar size in United States of America.

Chip's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.0yrs

Average Tenure

55yo

Average Age

The tenure for the Carrizo Oil & Gas management team is about average.


Board Age and Tenure

15.0yrs

Average Tenure

67.5yo

Average Age

The average tenure for the Carrizo Oil & Gas board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$6,602,54806 May 19
Lion Point Capital
EntityCompany
Shares620,000
Max PriceUS$11.46
SellUS$267,64321 Mar 19
David Pitts
EntityIndividual
Role
Chief Financial Officer
VP & CFO
Shares22,109
Max PriceUS$12.11
SellUS$137,37421 Mar 19
Richard Smith
EntityIndividual
Shares11,348
Max PriceUS$12.11
SellUS$124,39721 Mar 19
Gerald Morton
EntityIndividual
Role
Chief Legal Officer
VP of Business Development & General Counsel
Shares10,276
Max PriceUS$12.11
SellUS$372,30821 Mar 19
J. Fisher
EntityIndividual
Role
Chief Operating Officer
VP & COO
Shares30,755
Max PriceUS$12.11
SellUS$456,85321 Mar 19
Sylvester Johnson
EntityIndividual
Role
Chief Executive Officer
President
Shares37,739
Max PriceUS$12.11
SellUS$68,32421 Mar 19
Gregory Conaway
EntityIndividual
Role
Chief Accounting Officer
VP & Chief Accounting Officer
Shares5,644
Max PriceUS$12.11

Ownership Breakdown


Management Team

  • Gerald Morton (61yo)

    VP of Business Development & General Counsel

    • Tenure: 11.6yrs
    • Compensation: US$2.14m
  • Chip Johnson (62yo)

    President

    • Tenure: 25.7yrs
    • Compensation: US$5.71m
  • Brad Fisher (58yo)

    VP & COO

    • Tenure: 14.4yrs
    • Compensation: US$3.64m
  • Greg Percival (50yo)

    Chief Information Officer & VP

    • Tenure: 5.5yrs
  • David Pitts (52yo)

    VP & CFO

    • Tenure: 5.0yrs
    • Compensation: US$3.14m
  • Jim Pritts (61yo)

    Vice President of Technology & New Business Development

    • Tenure: 1.3yrs
  • Laura Kinningham (45yo)

    Vice President of Human Resources

    • Tenure: 3.6yrs
  • Greg Conaway (44yo)

    VP & Chief Accounting Officer

    • Tenure: 4.9yrs
    • Compensation: US$481.32k
  • Doug Reid

    Vice President of Exploration

    • Tenure: 4.5yrs
  • Shaleen Patel

    Vice President of Corporate Development & Finance

    • Tenure: 2.4yrs

Board Members

  • Steve Webster (68yo)

    Chairman of the Board

    • Tenure: 22.2yrs
    • Compensation: US$398.76k
  • Chip Johnson (62yo)

    President

    • Tenure: 25.7yrs
    • Compensation: US$5.71m
  • Frankie Wojtek (63yo)

    Independent Director

    • Tenure: 26.6yrs
    • Compensation: US$174.08k
  • Roger Ramsey (80yo)

    Independent Director

    • Tenure: 15.6yrs
    • Compensation: US$270.40k
  • F. Parker (77yo)

    Lead Independent Director

    • Tenure: 7.3yrs
    • Compensation: US$325.02k
  • Thomas Carter (67yo)

    Independent Director

    • Tenure: 14.4yrs
    • Compensation: US$242.19k
  • Robert Fulton (68yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: US$212.39k
  • Frances Sevilla-Sacasa (63yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$216.74k

Company Information

Carrizo Oil & Gas, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Carrizo Oil & Gas, Inc.
  • Ticker: CRZO
  • Exchange: NasdaqGS
  • Founded: 1993
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$822.796m
  • Shares outstanding: 92.55m
  • Website: https://www.carrizo.com

Number of Employees


Location

  • Carrizo Oil & Gas, Inc.
  • 500 Dallas Street
  • Suite 2300
  • Houston
  • Texas
  • 77002
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRZONasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 1997
CO1DB (Deutsche Boerse AG)YesCommon StockDEEURAug 1997
0HTXLSE (London Stock Exchange)YesCommon StockGBUSDAug 1997

Biography

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 o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 23:33
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.