Shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) were up 2.9% during mid-day trading on Monday . The company traded as high as $36.86 and last traded at $36.77, with a volume of 1,251,362 shares. The stock had previously closed at $35.73.

A number of analysts have recently issued reports on CRZO shares. Stifel Nicolaus started coverage on shares of Carrizo Oil & Gas in a report on Thursday, June 16th. They set a “buy” rating and a $48.00 price target for the company. FBR & Co restated 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, July 6th. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, July 6th. Citigroup Inc. cut their price target on shares of Carrizo Oil & Gas from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 30th. Finally, KLR Group downgraded shares of Carrizo Oil & Gas from a “buy” rating to an “accumulate” rating and set a $41.00 price target for the company. in a report on Tuesday, May 24th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $40.41.

The company has a 50 day moving average of $37.61 and a 200 day moving average of $31.02. The company’s market cap is $2.16 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly 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. During the same period last year, the company posted $0.14 EPS. The company had revenue of $132 million for the quarter, compared to analyst estimates of $123.44 million. The business’s revenue for the quarter was down 11.2% on a year-over-year basis. Equities research analysts predict that Carrizo Oil & Gas Inc. will post $0.74 earnings per share for the current fiscal year.

In other news, Director Roger A. Ramsey sold 2,000 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $35.80, for a total value of $71,600.00. Following the completion of the sale, the director now owns 37,450 shares of the company’s stock, valued at $1,340,710. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $199,800.00. Following the completion of the sale, the chief executive officer now directly owns 611,088 shares of the company’s stock, valued at approximately $20,349,230.40. The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised 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 valued at $1,198,000 after buying an additional 570 shares during the last quarter. Nationwide Fund Advisors raised 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 valued at $1,215,000 after buying an additional 3,734 shares during the last quarter. Sei Investments Co. raised 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 valued at $1,632,000 after buying an additional 16,144 shares during the last quarter. Marshall Wace LLP acquired a new stake in Carrizo Oil & Gas during the fourth quarter valued at about $1,682,000. Finally, Swiss National Bank raised 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 valued at $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.

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.