Market News

Principal Financial Group Increased Carrizo Oil & Gas (CRZO) Stake; Noble Energy Has 1.31 Sentiment

Principal Financial Group Inc increased Carrizo Oil & Gas Inc (CRZO) stake by 45.6% reported in 2017Q2 SEC filing. Principal Financial Group Inc acquired 349,820 shares as Carrizo Oil & Gas Inc (CRZO)’s stock declined 26.59%. The Principal Financial Group Inc holds 1.12M shares with $19.46M value, up from 767,231 last quarter. Carrizo Oil & Gas Inc now has $1.66B valuation. The stock increased 5.17% or $1 during the last trading session, reaching $20.33. About 4.08M shares traded or 6.77% up from the average. Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has declined 34.05% since December 3, 2016 and is downtrending. It has underperformed by 50.75% the S&P500.

Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. The company has market cap of $13.04 billion. The Company’s principal projects are located in onshore DJ Basin, Eagle Ford Shale, Permian Basin, and Marcellus Shale, the United States; deepwater Gulf of Mexico; Eastern Mediterranean, including offshore Israel and Cyprus; West Africa, including offshore Equatorial Guinea; and offshore the Falkland Islands, Suriname, and Newfoundland. It currently has negative earnings. As of December 31, 2016, the firm had approximately 1,437 million barrels oil equivalent of total proved reserves.

Among 29 analysts covering Carrizo Oil & Gas Inc. (NASDAQ:CRZO), 17 have Buy rating, 1 Sell and 11 Hold. Therefore 59% are positive. Carrizo Oil & Gas Inc. had 96 analyst reports since July 21, 2015 according to SRatingsIntel. Wells Fargo downgraded the shares of CRZO in report on Friday, December 16 to “Market Perform” rating. The firm has “Buy” rating given on Monday, September 18 by KeyBanc Capital Markets. The company was maintained on Friday, May 6 by Imperial Capital. The firm has “Buy” rating given on Tuesday, August 8 by Williams Capital Group. As per Tuesday, October 3, the company rating was maintained by RBC Capital Markets. The firm earned “Neutral” rating on Thursday, October 13 by Credit Suisse. On Saturday, August 8 the stock rating was downgraded by TheStreet to “Buy”. On Tuesday, March 29 the stock rating was maintained by Goldman Sachs with “Buy”. The company was maintained on Monday, June 26 by BMO Capital Markets. The rating was maintained by Imperial Capital on Monday, August 10 with “In-Line”.

Investors sentiment increased to 1.72 in Q2 2017. Its up 0.41, from 1.31 in 2017Q1. It increased, as 37 investors sold CRZO shares while 49 reduced holdings. 49 funds opened positions while 99 raised stakes. 78.74 million shares or 12.53% more from 69.97 million shares in 2017Q1 were reported. New York State Teachers Retirement Systems accumulated 165,906 shares or 0.01% of the stock. Us State Bank De holds 0% or 32,593 shares. Citadel Ltd Company has invested 0.01% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). 23,021 were reported by Regions Fincl. Moreover, Jabre Cap Partners has 0.03% invested in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Lombard Odier Asset Mgmt (Europe) invested 0.02% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Aperio Gru Ltd Liability holds 0% or 42,216 shares. Ubs Oconnor Limited Liability Corp reported 30,000 shares. Engineers Gate Manager Lp holds 0.13% or 85,008 shares in its portfolio. Ngam Advsrs Limited Partnership stated it has 151,208 shares. Diamond Hill Capital Mgmt owns 148,348 shares. D E Shaw And Inc holds 165,504 shares. Capstone Asset Mngmt has invested 0.01% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO). Rhumbline Advisers owns 127,724 shares. Jpmorgan Chase And stated it has 0% in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO).

Principal Financial Group Inc decreased Lyondellbasell Industries N (NYSE:LYB) stake by 8,075 shares to 517,693 valued at $43.69 million in 2017Q2. It also reduced Kite Rlty Group Tr (NYSE:KRG) stake by 60,275 shares and now owns 3.35 million shares. Marathon Oil Corp (NYSE:MRO) was reduced too.

The stock increased 2.66% or $0.7 during the last trading session, reaching $27. About 4.38M shares traded. Noble Energy, Inc. (NBL) has declined 10.36% since December 3, 2016 and is downtrending. It has underperformed by 27.06% the S&P500.

Ratings analysis reveals 50% of Noble Energy’s analysts are positive. Out of 2 Wall Street analysts rating Noble Energy, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $38.0 while the high is $44.0. The stock’s average target of $41 is 51.85% above today’s ($27) share price. NBL was included in 2 notes of analysts from October 14, 2016. The rating was downgraded by Seaport Global Securities to “Neutral” on Thursday, November 17. The stock of Noble Energy, Inc. (NYSE:NBL) earned “Buy” rating by Mizuho on Friday, October 14.

Ares Management Llc holds 12.18% of its portfolio in Noble Energy, Inc. for 17.65 million shares. Scoria Capital Partners Lp owns 96,545 shares or 6.68% of their US portfolio. Moreover, Mitchell Group Inc has 4.83% invested in the company for 1.09 million shares. The Massachusetts-based Grt Capital Partners L.L.C. has invested 4.51% in the stock. Anchor Bolt Capital Lp, a Illinois-based fund reported 3.09 million shares.

Analysts await Noble Energy, Inc. (NYSE:NBL) to report earnings on February, 12. They expect $-0.02 EPS, down 107.69% or $0.28 from last year’s $0.26 per share. After $-0.02 actual EPS reported by Noble Energy, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *