Shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) fell 8.1% on Monday . The stock traded as low as $29.94 and last traded at $30.15, with a volume of 928,332 shares traded. The stock had previously closed at $32.80.

Several brokerages have weighed in on CRZO. Zacks Investment Research raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Wednesday, July 20th. KLR Group raised Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating and boosted their price objective for the stock from $41.00 to $49.00 in a report on Monday, July 18th. Cantor Fitzgerald reissued a “buy” rating on shares of Carrizo Oil & Gas in a report on Sunday, July 10th. FBR & Co reissued an “outperform” rating and set a $49.00 price objective (up from $46.00) on shares of Carrizo Oil & Gas in a report on Wednesday, July 6th. Finally, Stifel Nicolaus started coverage on Carrizo Oil & Gas in a report on Thursday, June 16th. They set a “buy” rating and a $48.00 price objective for the company. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $40.45.

The company’s market capitalization is $1.76 billion. The company’s 50 day moving average is $36.30 and its 200-day moving average is $31.46.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. The company had revenue of $132 million for the quarter, compared to the consensus estimate of $123.44 million. During the same quarter last year, the business earned $0.14 earnings per share. Carrizo Oil & Gas’s revenue was down 11.2% compared to the same quarter last year. On average, analysts forecast that Carrizo Oil & Gas Inc. will post $0.76 earnings per share for the current year.

In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 6,000 shares of Carrizo Oil & Gas stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 611,088 shares in the company, valued at $20,349,230.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO S P. Iv Johnson sold 12,598 shares of Carrizo Oil & Gas stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $37.93, for a total value of $477,842.14. Following the completion of the sale, the chief executive officer now owns 638,315 shares of the company’s stock, valued at $24,211,287.95. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of 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 worth $1,198,000 after buying an additional 570 shares during the last quarter. Nationwide Fund Advisors increased 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. Swiss National Bank increased 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. Sei Investments Co. increased its stake 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 last quarter. Finally, Rhumbline Advisers increased its stake in shares of Carrizo Oil & Gas by 16.6% in the fourth quarter. Rhumbline Advisers now owns 90,912 shares of the company’s stock worth $2,689,000 after buying an additional 12,915 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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