Carrizo Oil & Gas Inc. (NASDAQ:CRZO)’s share price traded down 2.9% during trading on Thursday . The stock traded as low as $35.35 and last traded at $35.41, with a volume of 1,215,188 shares changing hands. The stock had previously closed at $36.48.

A number of brokerages have issued reports on CRZO. Cantor Fitzgerald reissued a “buy” rating on shares of Carrizo Oil & Gas in a report on Saturday, June 4th. Canaccord Genuity reissued a “buy” rating on shares of Carrizo Oil & Gas in a report on Wednesday, May 4th. Stifel Nicolaus began coverage on shares of Carrizo Oil & Gas in a report on Thursday, June 16th. They set a “buy” rating and a $48.00 target price on the stock. Royal Bank Of Canada boosted their target price on shares of Carrizo Oil & Gas from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, May 5th. Finally, Zacks Investment Research cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Four investment analysts have rated the stock with a hold rating and eighteen 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 $40.45.

The firm’s market capitalization is $2.08 billion. The stock’s 50 day moving average is $37.42 and its 200-day moving average is $31.13.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued 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 company had revenue of $132 million for the quarter, compared to analysts’ expectations of $123.44 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Carrizo Oil & Gas’s revenue for the quarter was down 11.2% on a year-over-year basis. Equities research analysts anticipate that Carrizo Oil & Gas Inc. will post $0.78 EPS for the current year.

In other Carrizo Oil & Gas 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 transaction of $199,800.00. Following the sale, the chief executive officer now directly owns 611,088 shares in the company, valued at approximately $20,349,230.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank A. Wojtek sold 800 shares of the business’s 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 disclosure for this sale can be found here.

Several large investors recently modified their holdings of CRZO. Nationwide Fund Advisors raised 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 valued at $1,215,000 after buying an additional 3,734 shares during the last quarter. Fiduciary Management Associates LLC raised its stake 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. 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 in the last quarter. Comerica Bank raised its stake in Carrizo Oil & Gas by 4.6% in the fourth quarter. Comerica Bank now owns 166,071 shares of the company’s stock valued at $3,934,000 after buying an additional 7,372 shares in the last quarter. Finally, Guinness Asset Management Ltd raised its stake 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.

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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