Carrizo Oil & Gas Inc. (NASDAQ:CRZO) traded up 7.2% during trading on Monday . The company traded as high as $36.96 and last traded at $36.90, with a volume of 964,749 shares trading hands. The stock had previously closed at $34.42.

A number of equities research analysts recently commented on the stock. Canaccord Genuity increased their target price on shares of Carrizo Oil & Gas from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, June 9th. Seaport Global Securities raised shares of Carrizo Oil & Gas from a “neutral” rating to an “accumulate” rating and set a $44.00 target price for the company in a research report on Tuesday, June 7th. JPMorgan Chase & Co. raised shares of Carrizo Oil & Gas from a “neutral” rating to an “overweight” rating and set a $40.00 target price for the company in a research report on Thursday, May 26th. Cantor Fitzgerald reissued a “buy” rating on shares of Carrizo Oil & Gas in a research report on Saturday, June 4th. Finally, KLR Group cut shares of Carrizo Oil & Gas from a “buy” rating to an “accumulate” rating and set a $41.00 target price for the company. in a research report on Tuesday, May 24th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $40.36.

The company’s market cap is $2.14 billion. The stock’s 50 day moving average is $35.22 and its 200 day moving average is $32.15.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Thursday, August 4th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.16. The company earned $107.30 million during the quarter, compared to analyst estimates of $119.67 million. The company’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. Equities research analysts forecast that Carrizo Oil & Gas Inc. will post $0.87 EPS for the current year.

In related news, Director Roger A. Ramsey sold 2,000 shares of the company’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $35.80, for a total value of $71,600.00. Following the completion of the sale, the director now owns 37,450 shares in the company, valued at approximately $1,340,710. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David L. Pitts sold 4,142 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $37.91, for a total transaction of $157,023.22. Following the completion of the sale, the chief financial officer now owns 55,893 shares of the company’s stock, valued at approximately $2,118,903.63. The disclosure for this sale can be found here.

A number of hedge funds have added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its stake in 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 period. Marshall Wace LLP acquired a new stake in Carrizo Oil & Gas during the fourth quarter valued at approximately $1,682,000. Mutual of America Capital Management LLC increased its stake in Carrizo Oil & Gas by 26.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 78,323 shares of the company’s stock valued at $2,317,000 after buying an additional 16,244 shares during the period. First Washington CORP acquired a new stake in Carrizo Oil & Gas during the fourth quarter valued at approximately $2,783,000. Finally, State of Tennessee Treasury Department increased its stake in Carrizo Oil & Gas by 60.9% in the fourth quarter. State of Tennessee Treasury Department now owns 108,600 shares of the company’s stock valued at $3,213,000 after buying an additional 41,100 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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