Carrizo Oil & Gas Inc. (NASDAQ:CRZO) was up 2% during mid-day trading on Tuesday . The stock traded as high as $30.90 and last traded at $30.48, with a volume of 1,396,510 shares trading hands. The stock had previously closed at $29.89.

Several equities research analysts have recently issued reports on CRZO shares. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Carrizo Oil & Gas in a research note on Sunday, July 10th. JPMorgan Chase & Co. raised Carrizo Oil & Gas from a “neutral” rating to an “overweight” rating and set a $40.00 price objective for the company in a research note on Thursday, May 26th. Zacks Investment Research raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, July 6th. Seaport Global Securities raised Carrizo Oil & Gas from a “neutral” rating to an “accumulate” rating and set a $44.00 price objective for the company in a research note on Tuesday, June 7th. Finally, KLR Group raised Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating and raised their price objective for the company from $41.00 to $49.00 in a research note on Monday, July 18th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $40.45.

The stock’s market cap is $1.80 billion. The company has a 50-day moving average of $35.86 and a 200-day moving average of $31.73.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. During the same quarter last year, the firm posted $0.14 earnings per share. The firm had revenue of $132 million for the quarter, compared to analysts’ expectations of $123.44 million. Carrizo Oil & Gas’s quarterly revenue was down 11.2% on a year-over-year basis. Analysts predict that Carrizo Oil & Gas Inc. will post $0.76 earnings per share for the current fiscal year.

In other news, CEO S P. Iv Johnson sold 12,598 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 638,315 shares in the company, valued at approximately $24,211,287.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO S P. Iv Johnson sold 6,000 shares of the business’s 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 transaction, the chief executive officer now owns 611,088 shares in the company, valued at $20,349,230.40. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its position 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 in the last quarter. Nationwide Fund Advisors boosted 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 valued at $1,215,000 after buying an additional 3,734 shares in the last quarter. Sei Investments Co. boosted 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 valued at $1,632,000 after buying an additional 16,144 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Carrizo Oil & Gas during the fourth quarter valued at $1,682,000. Finally, Swiss National Bank boosted 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 valued at $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.