On Friday, Shares of Carrizo Oil & Gas Inc (NASDAQ: CRZO) showed the bearish trend with a lower momentum of -0.54 percent and ended its trading session at $27.85. The company traded total volume of 1.56M shares as contrast to its average volume of 3.35M shares. The company has a market value of $2.31B and about 83.50M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $11.10 and reached the max level of $30.31.
Carrizo stated first quarter of 2018 net income attributable to common shareholders of $14.70M, or $0.18 per basic and diluted share contrast to net income attributable to common shareholders of $40.00M, or $0.61 per basic and diluted share in the first quarter of 2017. The net income attributable to common shareholders for the first quarter of 2018 and the first quarter of 2017 include certain items typically excluded from published estimates by the investment community. Adjusted net income attributable to common shareholders, which excludes the impact of these items, for the first quarter of 2018, was $39.50M, or $0.48 per diluted share, contrast to $12.10M, or $0.18 per diluted share, in the first quarter of 2017.
For the first quarter of 2018, Adjusted EBITDA was $136.40M.
Drilling, completion, and infrastructure capital expenditures for the first quarter of 2018 were $209.90M. About 65% of the first quarter drilling, completion, and infrastructure spending was in the Eagle Ford Shale, while about 35% was in the Delaware Basin. Land and seismic expenditures during the quarter was $5.50M, and were mainly focused in the Delaware Basin.
For 2018, Carrizo is maintaining its drilling, completion, and infrastructure capital expenditure guidance of $750-$800.0M. The Company’s 2018 development plan continues to call for it to run an average of 5-6 rigs and 2-3 completion crews during the year between its assets in the Eagle Ford Shale and Delaware Basin. Based on this level of activity, Carrizo anticipates to drill 93-103 gross (82-91 net) operated wells and complete 113-123 gross (96-105 net) operated wells during the year.
The Company offered net profit margin of 6.50 percent while its gross profit margin was 76.50 percent. ROE was recorded as 16.60 percent while beta factor was 2.20. The stock, as of recent close, has shown the weekly downbeat performance of -0.21 percent which was maintained at 30.87 in this year.