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.


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

-6.9%

CRZO

-1.8%

US Oil and Gas

0.4%

US Market


1 Year Return

-65.1%

CRZO

-21.8%

US Oil and Gas

6.9%

US Market

Return vs Industry: CRZO underperformed the US Oil and Gas industry which returned -21.8% over the past year.

Return vs Market: CRZO underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

CRZOIndustryMarket
7 Day-6.9%-1.8%0.4%
30 Day-14.1%-6.4%-1.1%
90 Day-21.0%-9.2%-0.5%
1 Year-65.1%-65.1%-18.9%-21.8%9.3%6.9%
3 Year-81.4%-81.4%-8.3%-16.5%45.8%36.4%
5 Year-84.5%-84.5%-24.8%-35.3%62.9%45.1%

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 compared to its fair value and its price relative to the market?

1.17x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: CRZO ($7.47) is trading above our estimate of fair value ($1.66)

Significantly Undervalued: CRZO is trading above our estimate of fair value.


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 (9.8x).

PE vs Market: CRZO is good value based on its PE Ratio (1.2x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low 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 (0.6x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

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

-7.6%

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 (-7.6% per year).

Earnings vs Market: CRZO's earnings are forecast to decline over the next 3 years (-7.6% per year).

High Growth Earnings: CRZO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CRZO's revenue (4.3% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: CRZO's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if CRZO's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: CRZO has become profitable over the past 5 years, growing earnings by 30.9% per year.

Accelerating Growth: CRZO's earnings growth over the past year (2048.6%) exceeds its 5-year average (30.9% per year).

Earnings vs Industry: CRZO earnings growth over the past year (2048.6%) exceeded the Oil and Gas industry 22.6%.


Return on Equity

High ROE: Whilst CRZO's Return on Equity (42.39%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: CRZO has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: CRZO has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Carrizo Oil & Gas's financial position?


Financial Position Analysis

Short Term Liabilities: CRZO's short term assets ($123.8M) do not cover its short term liabilities ($400.5M)

Long Term Liabilities: CRZO's short term assets (123.8M) do not cover its long term liabilities (1.8B)


Debt to Equity History and Analysis

Debt Level: CRZO's debt to equity ratio (122.2%) is considered high

Reducing Debt: CRZO's debt to equity ratio has increased from 117.3% to 122.2% over the past 5 years.

Debt Coverage: CRZO's debt is well covered by operating cash flow (39.2%).

Interest Coverage: CRZO's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet

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).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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.


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?

5.1yrs

Average management tenure


CEO

Chip Johnson (62yo)

25.8yrs

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

Compensation vs. Market: Chip's total compensation ($USD5.71M) is about average for companies of similar size in the US market ($USD2.69M).

Compensation vs Earnings: Chip's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.1yrs

Average Tenure

55yo

Average Age

Experienced Management: CRZO's management team is seasoned and experienced (5.1 years average tenure).


Board Age and Tenure

15.2yrs

Average Tenure

67.5yo

Average Age

Experienced Board: CRZO's board of directors are seasoned and experienced ( 15.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$6,602,54806 May 19
Lion Point Capital
EntityCompany
Shares620,000
Max PriceUS$11.46
SellUS$137,37421 Mar 19
Richard Smith
EntityIndividual
Shares11,348
Max PriceUS$12.11
SellUS$267,64321 Mar 19
David Pitts
EntityIndividual
Role
Chief Financial Officer
VP & CFO
Shares22,109
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$456,85321 Mar 19
Sylvester Johnson
EntityIndividual
Role
Chief Executive Officer
President
Shares37,739
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$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: 11.8yrs
    • Compensation: US$2.14m
  • Chip Johnson (62yo)

    President

    • Tenure: 25.8yrs
    • Compensation: US$5.71m
  • Brad Fisher (58yo)

    VP & COO

    • Tenure: 14.6yrs
    • Compensation: US$3.64m
  • Greg Percival (50yo)

    Chief Information Officer & VP

    • Tenure: 5.7yrs
  • David Pitts (52yo)

    VP & CFO

    • Tenure: 5.2yrs
    • Compensation: US$3.14m
  • Jim Pritts (61yo)

    Vice President of Technology & New Business Development

    • Tenure: 1.4yrs
  • Laura Kinningham (45yo)

    Vice President of Human Resources

    • Tenure: 3.8yrs
  • Greg Conaway (44yo)

    VP & Chief Accounting Officer

    • Tenure: 5.1yrs
    • Compensation: US$481.32k
  • Doug Reid

    Vice President of Exploration

    • Tenure: 4.7yrs
  • Shaleen Patel

    Vice President of Corporate Development & Finance

    • Tenure: 2.6yrs

Board Members

  • Steve Webster (68yo)

    Independent Chairman of the Board

    • Tenure: 22.3yrs
    • Compensation: US$398.76k
  • Chip Johnson (62yo)

    President

    • Tenure: 25.8yrs
    • Compensation: US$5.71m
  • Frankie Wojtek (63yo)

    Independent Director

    • Tenure: 26.8yrs
    • Compensation: US$174.08k
  • Roger Ramsey (80yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$270.40k
  • F. Parker (77yo)

    Lead Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$325.02k
  • Thomas Carter (67yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: US$242.19k
  • Robert Fulton (68yo)

    Independent Director

    • Tenure: 6.9yrs
    • Compensation: US$212.39k
  • Frances Sevilla-Sacasa (63yo)

    Independent Director

    • Tenure: 1.6yrs
    • 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$691.802m
  • Shares outstanding: 92.61m
  • 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 Analysis2019/10/19 23:32
End of Day Share Price2019/10/18 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.