Shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) fell 3.8% during trading on Wednesday . The stock traded as low as $35.17 and last traded at $35.65, with a volume of 907,802 shares changing hands. The stock had previously closed at $37.07.

Several brokerages have recently commented on CRZO. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Wednesday, July 6th. JPMorgan Chase & Co. restated a “hold” rating on shares of Carrizo Oil & Gas in a research note on Wednesday, March 16th. Imperial Capital raised their target price on Carrizo Oil & Gas from $30.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, May 5th. FBR & Co restated an “outperform” rating and issued a $49.00 target price (up previously from $46.00) on shares of Carrizo Oil & Gas in a research note on Wednesday, July 6th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Carrizo Oil & Gas in a research note on Sunday. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.05.

The stock’s market cap is $2.12 billion. The stock has a 50 day moving average of $37.85 and a 200-day moving average of $30.83.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. During the same period last year, the firm earned $0.14 earnings per share. The company earned $132 million during the quarter, compared to analysts’ expectations of $123.44 million. Carrizo Oil & Gas’s revenue was down 11.2% on a year-over-year basis. On average, equities analysts anticipate that Carrizo Oil & Gas Inc. will post $0.67 earnings per share for the current year.

In other news, VP Gerald A. Morton sold 4,246 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $37.92, for a total value of $161,008.32. Following the completion of the sale, the vice president now directly owns 66,374 shares of the company’s stock, valued at $2,516,902.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David L. Pitts sold 4,142 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were 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 of the company’s stock, valued at $2,118,903.63. The disclosure for this sale can be found here.

Several large investors have made changes to their positions in CRZO. State Board of Administration of Florida Retirement System boosted 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. Nationwide Fund Advisors boosted 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. Guinness Asset Management Ltd boosted its stake in shares of Carrizo Oil & Gas by 4.1% in the fourth quarter. Guinness Asset Management Ltd now owns 122,095 shares of the company’s stock worth $3,612,000 after buying an additional 4,795 shares during the last quarter. Comerica Bank boosted its stake in shares of Carrizo Oil & Gas by 4.6% in the fourth quarter. Comerica Bank now owns 166,071 shares of the company’s stock worth $3,934,000 after buying an additional 7,372 shares during the last quarter. Finally, Swiss National Bank boosted 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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