Carrizo Oil & Gas Inc. (NASDAQ:CRZO)’s share price was up 4.7% during trading on Monday . The company traded as high as $38.35 and last traded at $38.09, with a volume of 794,527 shares traded. The stock had previously closed at $36.38.

A number of equities 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 price objective on the stock in a research report on Tuesday, June 7th. KLR Group downgraded 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. Cantor Fitzgerald reiterated a “buy” rating on shares of Carrizo Oil & Gas in a research report on Sunday, May 22nd. Canaccord Genuity restated a “buy” rating on shares of Carrizo Oil & Gas in a research report on Wednesday, May 4th. Finally, Stifel Nicolaus initiated coverage on Carrizo Oil & Gas in a research report on Thursday, June 16th. They issued a “buy” rating and a $48.00 target price on the stock. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Carrizo Oil & Gas currently has a consensus rating of “Buy” and an average target price of $39.55.

The company’s market capitalization is $2.21 billion. The company has a 50-day moving average of $34.93 and a 200-day moving average of $32.62.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.16. The business had revenue of $107.30 million for the quarter, compared to analyst estimates of $119.67 million. Carrizo Oil & Gas’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. Equities analysts anticipate that Carrizo Oil & Gas Inc. will post $1.07 earnings per share for the current fiscal year.

In other news, CFO David L. Pitts sold 4,142 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $37.91, for a total transaction of $157,023.22. Following the sale, the chief financial officer now owns 55,893 shares in the company, valued at $2,118,903.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO S P. Iv Johnson sold 12,598 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 638,315 shares in the company, valued at approximately $24,211,287.95. The disclosure for this sale can be found here.

Several large investors have bought and sold shares of the company. RS Investment Management Co. LLC boosted its stake in 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 period. Employees Retirement System of Texas acquired a new stake in Carrizo Oil & Gas during the fourth quarter valued at about $3,550,000. Marshall Wace LLP acquired a new stake in Carrizo Oil & Gas during the fourth quarter valued at about $1,682,000. Principal Financial Group Inc. boosted its stake in Carrizo Oil & Gas by 11.3% in the fourth quarter. Principal Financial Group Inc. now owns 566,150 shares of the company’s stock valued at $16,746,000 after buying an additional 57,637 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Carrizo Oil & Gas by 8.3% in the fourth quarter. Wells Fargo & Company MN now owns 587,830 shares of the company’s stock valued at $17,389,000 after buying an additional 45,188 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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