Carrizo Oil & Gas Inc. (NASDAQ:CRZO)’s share price rose 7.8% during trading on Tuesday . The stock traded as high as $37.50 and last traded at $37.25, with a volume of 930,765 shares changing hands. The stock had previously closed at $34.55.

CRZO has been the subject of several recent research reports. Canaccord Genuity upped their price target on Carrizo Oil & Gas from $38.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, June 9th. Seaport Global Securities cut Carrizo Oil & Gas from a “buy” rating to a “neutral” rating in a report on Thursday, March 31st. JPMorgan Chase & Co. raised Carrizo Oil & Gas from a “neutral” rating to an “overweight” rating and set a $40.00 target price for the company in a report on Thursday, May 26th. Royal Bank Of Canada increased their target price on Carrizo Oil & Gas from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, May 5th. Finally, Stifel Nicolaus assumed coverage on Carrizo Oil & Gas in a report on Thursday, June 16th. They issued a “buy” rating and a $48.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.05.

The stock’s market cap is $2.18 billion. The stock’s 50 day moving average is $37.86 and its 200-day moving average is $30.79.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $132 million for the quarter, compared to analyst estimates of $123.44 million. During the same quarter last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was down 11.2% on a year-over-year basis. On average, analysts forecast that Carrizo Oil & Gas Inc. will post $0.66 earnings per share for the current fiscal year.

In related news, CEO S P. Iv Johnson sold 6,000 shares of the business’s stock in a transaction on Thursday, May 5th. The shares were 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 of the company’s stock, valued at $20,349,230.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David L. Pitts sold 4,142 shares of the business’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $37.91, for a total transaction of $157,023.22. Following the completion of the sale, the chief financial officer now directly owns 55,893 shares in the company, valued at approximately $2,118,903.63. The disclosure for this sale can be found here.

Several hedge funds have modified their holdings of the company. Fiduciary Management Associates LLC boosted its stake in shares of 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. Victory Capital Management Inc. boosted its stake in shares of 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. First Washington CORP acquired a new stake in shares of Carrizo Oil & Gas during the fourth quarter valued at $2,783,000. New York State Common Retirement Fund boosted its stake in shares of Carrizo Oil & Gas by 52.4% in the fourth quarter. New York State Common Retirement Fund now owns 248,825 shares of the company’s stock valued at $7,360,000 after buying an additional 85,554 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Carrizo Oil & Gas by 19.8% in the fourth quarter. Bank of Montreal Can now owns 362,794 shares of the company’s stock valued at $10,731,000 after buying an additional 59,845 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.

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