Empyrean Capital Partners LP Raised Carrizo Oil & Gas (CRZO) Stake; Allegiance Bancshares (ABTX) Sellers Decreased By 4.62% Their Shorts

January 13, 2018 - By Louis Casey

Empyrean Capital Partners Lp increased Carrizo Oil & Gas Inc (CRZO) stake by 48.32% reported in 2017Q3 SEC filing. Empyrean Capital Partners Lp acquired 81,450 shares as Carrizo Oil & Gas Inc (CRZO)’s stock declined 26.59%. The Empyrean Capital Partners Lp holds 250,000 shares with $4.28 million value, up from 168,550 last quarter. Carrizo Oil & Gas Inc now has $1.98B valuation. The stock decreased 0.98% or $0.24 during the last trading session, reaching $24.33. About 3.08 million shares traded or 1.90% up from the average. Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has declined 34.05% since January 13, 2017 and is downtrending. It has underperformed by 50.75% the S&P500.

Allegiance Bancshares Incorporated (NASDAQ:ABTX) had a decrease of 4.62% in short interest. ABTX’s SI was 423,200 shares in January as released by FINRA. Its down 4.62% from 443,700 shares previously. With 29,200 avg volume, 15 days are for Allegiance Bancshares Incorporated (NASDAQ:ABTX)’s short sellers to cover ABTX’s short positions. The SI to Allegiance Bancshares Incorporated’s float is 3.68%. The stock increased 0.25% or $0.1 during the last trading session, reaching $39.4. About 17,824 shares traded. Allegiance Bancshares, Inc. (NASDAQ:ABTX) has risen 64.02% since January 13, 2017 and is uptrending. It has outperformed by 47.32% the S&P500.

Allegiance Bancshares, Inc. operates as the bank holding firm for Allegiance Bank that provides a range of commercial banking services primarily to small and medium-sized businesses, professionals, and individual customers. The company has market cap of $519.35 million. It accepts deposit products, including checking accounts, commercial accounts, savings accounts, and other time deposits comprising money market accounts and certificates of deposit. It has a 26.11 P/E ratio. The firm also grants various loan products, such as commercial and industrial loans; mortgage warehouse loans; commercial real estate loans, including multi-family residential loans; commercial real estate construction and land development loans; residential real estate loans, such as 1-4 family residential mortgage loans; residential construction loans; and consumer and other loans.

Among 2 analysts covering Allegiance Bancshares (NASDAQ:ABTX), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Allegiance Bancshares had 6 analyst reports since November 2, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, November 2 by Robert W. Baird. The stock of Allegiance Bancshares, Inc. (NASDAQ:ABTX) has “Hold” rating given on Monday, November 2 by Sandler O’Neill. The rating was upgraded by Robert W. Baird to “Outperform” on Tuesday, December 13. The rating was initiated by Keefe Bruyette & Woods with “Market Perform” on Wednesday, November 4. The stock of Allegiance Bancshares, Inc. (NASDAQ:ABTX) has “Neutral” rating given on Wednesday, September 21 by Robert W. Baird.

Among 29 analysts covering Carrizo Oil & Gas Inc. (NASDAQ:CRZO), 18 have Buy rating, 0 Sell and 11 Hold. Therefore 62% are positive. Carrizo Oil & Gas Inc. had 105 analyst reports since July 21, 2015 according to SRatingsIntel. SunTrust maintained Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) rating on Monday, October 16. SunTrust has “Buy” rating and $20.0 target. The company was downgraded on Friday, December 9 by Seaport Global. The rating was upgraded by Goldman Sachs on Friday, March 11 to “Buy”. Piper Jaffray maintained Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) rating on Monday, November 20. Piper Jaffray has “Hold” rating and $32.0 target. Williams Capital Group maintained the shares of CRZO in report on Monday, November 27 with “Buy” rating. The stock of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has “Neutral” rating given on Wednesday, February 24 by Simmons & Co. The stock has “Buy” rating by SunTrust on Tuesday, January 2. The rating was maintained by SunTrust on Monday, October 19 with “Buy”. The stock has “Hold” rating by Jefferies on Monday, October 9. The rating was maintained by Canaccord Genuity on Thursday, June 9 with “Buy”.

Since August 14, 2017, it had 3 insider purchases, and 1 sale for $3.70 million activity. Another trade for 8,000 shares valued at $148,592 was made by JOHNSON S P IV on Friday, December 15. $909,845 worth of stock was bought by WEBSTER STEVEN A on Monday, August 28.

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