Carrizo Oil & Gas Inc. (NASDAQ:CRZO) was down 3.4% during trading on Wednesday . The company traded as low as $35.81 and last traded at $36.26, with a volume of 1,067,289 shares changing hands. The stock had previously closed at $37.52.

A number of equities research analysts recently commented on CRZO shares. Seaport Global Securities upgraded 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. KLR Group lowered Carrizo Oil & Gas from a “buy” rating to an “accumulate” rating and set a $41.00 price objective on the stock. in a research report on Tuesday, May 24th. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, July 6th. Stifel Nicolaus began coverage on Carrizo Oil & Gas in a research report on Thursday, June 16th. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, Canaccord Genuity upped their price objective on Carrizo Oil & Gas from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, June 9th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $39.55.

The firm’s market capitalization is $2.15 billion. The firm has a 50-day moving average price of $34.93 and a 200-day moving average price of $32.62.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ 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. During the same period last year, the firm earned $0.39 earnings per share. The business’s revenue was down 13.1% compared to the same quarter last year. On average, equities analysts predict that Carrizo Oil & Gas Inc. will post $1.07 earnings per share for the current year.

In other Carrizo Oil & Gas news, Director Roger A. Ramsey sold 2,000 shares of the company’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $35.80, for a total transaction of $71,600.00. Following the completion of the sale, the director now directly owns 37,450 shares in the company, valued at $1,340,710. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO S P. Iv Johnson sold 6,000 shares of the company’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $38.38, for a total value of $230,280.00. Following the sale, the chief executive officer now owns 619,717 shares of the company’s stock, valued at $23,784,738.46. The disclosure for this sale can be found here.

Several large investors recently modified their holdings of the company. RS Investment Management Co. LLC increased its stake in shares of Carrizo Oil & Gas by 3.5% in the fourth quarter. RS Investment Management Co. LLC now owns 942,368 shares of the company’s stock valued at $27,875,000 after buying an additional 31,430 shares during the last quarter. Employees Retirement System of Texas acquired a new position in shares of Carrizo Oil & Gas during the fourth quarter worth approximately $3,550,000. Marshall Wace LLP acquired a new position in shares of Carrizo Oil & Gas during the fourth quarter worth approximately $1,682,000. Principal Financial Group Inc. increased its position in shares of Carrizo Oil & Gas by 11.3% in the fourth quarter. Principal Financial Group Inc. now owns 566,150 shares of the company’s stock worth $16,746,000 after buying an additional 57,637 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Carrizo Oil & Gas by 8.3% in the fourth quarter. Wells Fargo & Company MN now owns 587,830 shares of the company’s stock worth $17,389,000 after buying an additional 45,188 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.

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