Last $47.59 USD
Change Today -1.40 / -2.87%
Volume 1.1M
CRZO On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

carrizo oil & gas inc (CRZO) Snapshot

Open
$49.33
Previous Close
$49.00
Day High
$49.61
Day Low
$47.44
52 Week High
07/2/14 - $70.49
52 Week Low
12/16/14 - $31.70
Market Cap
2.2B
Average Volume 10 Days
1.1M
EPS TTM
$1.78
Shares Outstanding
46.1M
EX-Date
--
P/E TM
26.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for CARRIZO OIL & GAS INC (CRZO)

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carrizo oil & gas inc (CRZO) Details

Carrizo Oil & Gas, Inc., together with its subsidiaries, engages in the exploration, development, and production of oil and gas primarily in the United States. The company holds interests in crude oil plays and projects, including Eagle Ford Shale in Texas; the Niobrara Formation located in Colorado; the Utica Shale in Ohio; and the Marcellus Shale located in Pennsylvania. As of December 31, 2014, it had proved crude oil and NGL reserves of 114.2 million barrels of oil equivalent; proved natural gas reserves of 221.0 billion cubic feet; and operated 388 gross productive oil and gas wells. The company was founded in 1993 and is based in Houston, Texas.

247 Employees
Last Reported Date: 02/25/15
Founded in 1993

carrizo oil & gas inc (CRZO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $587.0K
Chief Operating Officer and Vice President
Total Annual Compensation: $814.5K
Consultant
Total Annual Compensation: $554.0K
Compensation as of Fiscal Year 2013.

carrizo oil & gas inc (CRZO) Key Developments

Carrizo Oil Mulls Acquisitions

Carrizo Oil & Gas Inc. (NasdaqGS:CRZO) intends to pursue acquisitions. The company currently expects to allocate the majority of the capital to bolt-on acreage acquisitions in the Eagle Ford Shale.

Carrizo Oil & Gas Inc. Reports Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Production Guidance for the First Quarter and Full Year and Capital Expenditure Guidance for the Full Year of 2015

Carrizo Oil & Gas Inc. reported unaudited consolidated earnings and production results for the fourth quarter and year ended December 31, 2014. For the quarter, total revenue was $163.3 million compared to $129.7 million last year. Adjusted total revenues were $175.2 million against $131.9 million last year. Adjusted EBITDA was $128.5 million or $2.77 per diluted share against $101.3 million or $2.32 per diluted share last year. Adjusted income before income taxes was $23.4 million against $26.3 million last year. Adjusted net income was $14.8 million or $0.32 per basic and diluted share against $16.5 million or $0.38 per diluted share last year. Income from continuing operations before income taxes was $203.9 million compared to loss from continuing operations before income taxes of $35.2 million last year. Income from continuing operations was $129.5 million or $2.79 per diluted share compared to loss from continuing operations of $22.2 million or $0.52 per basic and diluted share last year. Net income was $134.3 million or $2.89 per diluted share compared to net loss of $24 million or $0.56 per basic and diluted share last year. Net cash provided by operating activities from continuing operations was $113.6 million against $57.2 million last year. Discretionary cash flows from continuing operations were $117.6 million against $88.7 million last year. Drilling and completion capital expenditures for the quarter was $187 million, or 63% of which was on the Eagle Ford. For the year, total revenue was $710.2 million compared to $520.2 million last year. Adjusted total revenues were $696.7 million against $532.7 million last year. Adjusted EBITDA was $533.4 million or $11.55 per diluted share against $412.2 million or $9.97 per diluted share last year. Adjusted income before income taxes was $162.8 million against $143.2 million last year. Adjusted net income was $103.4 million or $2.24 per diluted share against $90.1 million or $2.18 per diluted share last year. Income from continuing operations before income taxes was $350.2 million compared to $34.8 million last year. Income from continuing operations was $222.3 million or $4.81 per diluted share compared $21.9 million or $0.53 per diluted share last year. Net income was $226.3 million or $4.90 per diluted share compared to $43.7 million or $1.06 per diluted share last year. Net cash provided by operating activities from continuing operations was $502.3 million against $367.5 million last year. Discretionary cash flows from continuing operations were $485.4 million against $360.4 million last year. For the quarter, total production was 37,696 boe/d against 24,772 boe/d last year. For the year, total production was 32,816 boe/d against 27,395 boe/d last year. For fiscal 2015, the company expects drilling and completion capital expenditures in the range of $450.0 million to $470.0 million. The company is maintaining its 2015 oil production guidance of 21,800 bbls/d - 22,400 bbls/d using the midpoint of this range, the company's 2015 oil production growth guidance equates to 17%. For natural gas and ngls, the company is also maintaining its 2015 guidance of 65 mmcfe/d - 75 mmcfe/d. Total production is expected in the range of 32,633 boe/d to 34,900 boe/d. 2015 land CapEx is also unchanged at $35 million. For the first quarter of 2015, the company oil production to be 20,300 bbls/d - 20,700 bbls/d and natural gas and ngl production to be 63 mmcfe/d - 73 mmcfe/d. Total production is expected in the range of 30,800 boe/d to 32,867 boe/d.

Carrizo Oil & Gas Inc. to Amend Bylaws

Carrizo Oil & Gas Inc. announced that on February 17, 2015, the Board of Directors of the company voted to amend and restate the company's current bylaws to implement a majority voting standard in uncontested elections. Pursuant to the Amended and Restated Bylaws of the company adopted by the Board of Directors on February 17, 2015, in an election of directors at a meeting of shareholders at which a quorum is present, (i) if the number of nominees exceeds the number of directors to be elected, the members of the Board of Directors that are elected by shareholders shall be elected by a plurality of the votes cast by the holders of shares entitled to vote in the election of directors at such meeting and (ii) in an election of directors that is not a contested election, the members of the Board of Directors that are elected by shareholders shall be elected by a majority of the votes cast by the holders of shares entitled to vote in the election of directors at such meeting. For purposes of the Amended and Restated Bylaws, in an uncontested election of directors a majority of votes cast shall mean that the number of shares voted for a director exceeds the number of votes cast against that director. The Amended and Restated Bylaws include related provisions regarding board vacancies, resignations, required documents and information with respect to nominees and provisions giving the Board of Directors the power to establish policies and procedures with respect to these matters. The Amended and Restated Bylaws also set provisions regarding the establishment of a lead independent director, specifically authorize committees to set officers' salaries and delete outdated and inapplicable provisions, as well as update and conform other provisions in the document.

 

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Industry Analysis

CRZO

Industry Average

Valuation CRZO Industry Range
Price/Earnings 9.9x
Price/Sales 3.1x
Price/Book 2.0x
Price/Cash Flow 4.0x
TEV/Sales 1.2x
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