Carrizo Oil & Gas Inc. (NASDAQ:CRZO) shares were down 2.9% during mid-day 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 traded. The stock had previously closed at $36.48.

Several research analysts recently issued reports on CRZO shares. KLR Group downgraded shares of Carrizo Oil & Gas from a “buy” rating to an “accumulate” rating and set a $41.00 price target on the stock. in a research report on Tuesday, May 24th. 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 research report on Tuesday, June 7th. Goldman Sachs Group Inc. cut their target price on shares of Carrizo Oil & Gas from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, March 29th. Cantor Fitzgerald restated a “buy” rating on shares of Carrizo Oil & Gas in a research report on Saturday, June 4th. Finally, Canaccord Genuity restated a “buy” rating on shares of Carrizo Oil & Gas in a research report on Wednesday, May 4th. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Carrizo Oil & Gas currently has a consensus rating of “Buy” and a consensus price target of $40.45.

The firm has a 50-day moving average of $37.31 and a 200 day moving average of $31.17. The firm’s market capitalization is $2.04 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. During the same period last year, the firm posted $0.14 earnings per share. The business earned $132 million during the quarter, compared to analyst estimates of $123.44 million. Carrizo Oil & Gas’s quarterly revenue was down 11.2% compared to the same quarter last year. Equities analysts predict that Carrizo Oil & Gas Inc. will post $0.79 earnings per share for the current fiscal year.

In related news, CEO S P. Iv Johnson sold 12,598 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $37.93, for a total transaction of $477,842.14. Following the completion of the sale, the chief executive officer now owns 638,315 shares in the company, valued at $24,211,287.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO S P. Iv Johnson sold 6,000 shares of the company’s stock in a transaction on Thursday, May 5th. The stock was 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 approximately $20,349,230.40. The disclosure for this sale can be found here.

A number of large investors recently made changes to their positions in CRZO. State Board of Administration of Florida Retirement System increased 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 valued at $1,198,000 after buying an additional 570 shares during the period. Nationwide Fund Advisors increased its position 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 period. Sei Investments Co. increased its position in shares of 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 during the period. Marshall Wace LLP acquired a new position in shares of Carrizo Oil & Gas during the fourth quarter worth about $1,682,000. Finally, Swiss National Bank increased its position 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 period.

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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