Carrizo Oil & Gas Inc. (NASDAQ:CRZO) fell 3.8% during mid-day 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 research firms recently issued reports on CRZO. Canaccord Genuity lifted their price objective on shares of Carrizo Oil & Gas from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, June 9th. Seaport Global Securities upgraded shares of Carrizo Oil & Gas from a “neutral” rating to an “accumulate” rating and set a $44.00 target price on the stock in a report on Tuesday, June 7th. JPMorgan Chase & Co. upgraded shares of Carrizo Oil & Gas from a “neutral” rating to an “overweight” rating and set a $40.00 target price on the stock in a report on Thursday, May 26th. Cantor Fitzgerald reiterated a “buy” rating on shares of Carrizo Oil & Gas in a report on Saturday, June 4th. Finally, KLR Group downgraded shares of Carrizo Oil & Gas from a “buy” rating to an “accumulate” rating and set a $41.00 target price on the stock. in a report on Tuesday, May 24th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $40.05.

The stock has a 50-day moving average price of $37.73 and a 200 day moving average price of $30.90. The company’s market cap is $2.10 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Wednesday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $132 million for the quarter, compared to analyst estimates of $123.44 million. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. Equities research analysts anticipate that Carrizo Oil & Gas Inc. will post $0.67 EPS for the current fiscal year.

In other news, CEO S P. Iv Johnson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $33.30, for a total transaction of $199,800.00. Following the completion of the sale, the chief executive officer now owns 611,088 shares in the company, valued at approximately $20,349,230.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Gerald A. Morton sold 800 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $37.83, for a total transaction of $30,264.00. Following the sale, the vice president now owns 61,328 shares of the company’s stock, valued at approximately $2,320,038.24. The disclosure for this sale can be found here.

Several hedge funds recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in 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 in the last quarter. Nationwide Fund Advisors boosted its stake in 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 in the last quarter. Sei Investments Co. boosted its stake in Carrizo Oil & Gas by 41.4% in the fourth quarter. Sei Investments Co. now owns 55,122 shares of the company’s stock worth $1,632,000 after buying an additional 16,144 shares in the last quarter. Marshall Wace LLP bought a new stake in Carrizo Oil & Gas during the fourth quarter worth about $1,682,000. Finally, Swiss National Bank boosted its stake in 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 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.