Carrizo Oil & Gas Inc. (NASDAQ:CRZO) shares were down 2.3% during trading on Thursday . The stock traded as low as $34.55 and last traded at $35.00, with a volume of 874,239 shares traded. The stock had previously closed at $35.84.

Several research analysts recently commented on CRZO shares. Goldman Sachs Group Inc. upgraded shares of Carrizo Oil & Gas from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, March 11th. JPMorgan Chase & Co. upgraded shares of Carrizo Oil & Gas from a “neutral” rating to an “overweight” rating and set a $40.00 price target on the stock in a research report on Thursday, May 26th. Seaport Global Securities lowered shares of Carrizo Oil & Gas from a “buy” rating to a “neutral” rating in a research report on Thursday, March 31st. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday. Finally, Citigroup Inc. decreased their price target on shares of Carrizo Oil & Gas from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 30th. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.05.

The firm’s market capitalization is $2.05 billion. The firm has a 50 day moving average price of $37.99 and a 200-day moving average price of $30.73.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The business earned $132 million during the quarter, compared to analyst estimates of $123.44 million. The company’s revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share. On average, analysts predict that Carrizo Oil & Gas Inc. will post $0.64 EPS for the current year.

In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 6,000 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $38.38, for a total transaction of $230,280.00. Following the sale, the chief executive officer now directly owns 619,717 shares in the company, valued at $23,784,738.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank A. Wojtek sold 800 shares of the stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $38.46, for a total transaction of $30,768.00. Following the sale, the director now owns 29,758 shares in the company, valued at $1,144,492.68. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its stake in shares of Carrizo Oil & Gas by 1.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 40,511 shares of the company’s stock worth $1,198,000 after buying an additional 570 shares during the last quarter. Strs Ohio increased its stake in shares of Carrizo Oil & Gas by 2.9% in the fourth quarter. Strs Ohio now owns 102,900 shares of the company’s stock worth $3,043,000 after buying an additional 2,900 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Carrizo Oil & Gas by 10.0% in the fourth quarter. Nationwide Fund Advisors now owns 41,079 shares of the company’s stock worth $1,215,000 after buying an additional 3,734 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Carrizo Oil & Gas by 15.1% in the fourth quarter. California State Teachers Retirement System now owns 108,080 shares of the company’s stock worth $3,197,000 after buying an additional 14,211 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Carrizo Oil & Gas by 17.8% in the fourth quarter. Swiss National Bank now owns 72,939 shares of the company’s stock worth $2,158,000 after buying an additional 11,039 shares during the last quarter.

Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

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