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

Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday. JPMorgan Chase & Co. reissued a “hold” rating on shares of Carrizo Oil & Gas in a report on Wednesday, March 16th. Goldman Sachs Group Inc. raised shares of Carrizo Oil & Gas from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a report on Friday, March 11th. Imperial Capital boosted their price target on shares of Carrizo Oil & Gas from $30.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, May 5th. Finally, FBR & Co reissued an “outperform” rating and set a $49.00 price target (up previously from $46.00) on shares of Carrizo Oil & Gas in a report on Wednesday. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $40.05.

The firm’s 50-day moving average price is $37.96 and its 200 day moving average price is $30.78. The firm’s market cap is $2.09 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Wednesday, May 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $132 million for the quarter, compared to the consensus estimate of $123.44 million. Carrizo Oil & Gas’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. Analysts forecast that Carrizo Oil & Gas Inc. will post $0.65 earnings per share for the current fiscal year.

In other news, Director Frank A. Wojtek sold 800 shares of the stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO S P. Iv Johnson sold 6,000 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $33.30, for a total value of $199,800.00. Following the sale, the chief executive officer now owns 611,088 shares in the company, valued at approximately $20,349,230.40. The disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of CRZO. Marshall Wace LLP purchased a new position in Carrizo Oil & Gas during the fourth quarter valued at about $1,682,000. Fiduciary Management Associates LLC boosted its position in Carrizo Oil & Gas by 39.7% in the fourth quarter. Fiduciary Management Associates LLC now owns 704,655 shares of the company’s stock valued at $20,844,000 after buying an additional 200,070 shares in the last quarter. Guinness Asset Management Ltd boosted its position in Carrizo Oil & Gas by 4.1% in the fourth quarter. Guinness Asset Management Ltd now owns 122,095 shares of the company’s stock valued at $3,612,000 after buying an additional 4,795 shares in the last quarter. Victory Capital Management Inc. boosted its position in Carrizo Oil & Gas by 15.9% in the fourth quarter. Victory Capital Management Inc. now owns 777,142 shares of the company’s stock valued at $22,988,000 after buying an additional 106,444 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Carrizo Oil & Gas by 11.3% in the fourth quarter. Principal Financial Group Inc. now owns 566,150 shares of the company’s stock valued at $16,746,000 after buying an additional 57,637 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.