Carrizo Oil & Gas Inc. (NASDAQ:CRZO)’s share price traded down 8.1% during trading on Monday . The stock traded as low as $29.94 and last traded at $30.15, with a volume of 928,332 shares trading hands. The stock had previously closed at $32.80.

Several equities analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Carrizo Oil & Gas in a research note on Thursday, June 16th. They issued a “buy” rating and a $48.00 price target on the stock. Cantor Fitzgerald restated a “buy” rating on shares of Carrizo Oil & Gas in a research note on Saturday, June 4th. Canaccord Genuity restated a “buy” rating on shares of Carrizo Oil & Gas in a research note on Wednesday, May 4th. Royal Bank Of Canada upped their price target on shares of Carrizo Oil & Gas from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, May 5th. Finally, Zacks Investment Research downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Carrizo Oil & Gas presently has an average rating of “Buy” and a consensus target price of $40.45.

The stock’s 50-day moving average price is $35.86 and its 200 day moving average price is $31.73. The firm’s market capitalization is $1.83 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. During the same quarter in the previous year, the firm posted $0.14 EPS. The company earned $132 million during the quarter, compared to the consensus estimate of $123.44 million. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. Equities research analysts expect that Carrizo Oil & Gas Inc. will post $0.76 earnings per share for the current year.

In other Carrizo Oil & Gas news, Director Frank A. Wojtek sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $38.46, for a total value of $30,768.00. Following the completion of the sale, the director now owns 29,758 shares in the company, valued at $1,144,492.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 shares were 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 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 hedge funds recently made changes to their positions in the company. Fiduciary Management Associates LLC increased its stake in shares of 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 during the last quarter. 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 in the last quarter. 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 in the last quarter. Guinness Asset Management Ltd increased its position in shares of Carrizo Oil & Gas by 4.1% in the fourth quarter. Guinness Asset Management Ltd now owns 122,095 shares of the company’s stock worth $3,612,000 after buying an additional 4,795 shares in the last quarter. Finally, First Washington CORP acquired a new position in shares of Carrizo Oil & Gas during the fourth quarter worth approximately $2,783,000.

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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