Carrizo Oil & Gas Inc. (NASDAQ:CRZO) shares fell 3.4% during mid-day 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 traded. The stock had previously closed at $37.52.

A number of research firms recently issued reports on CRZO. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Wednesday, July 6th. Canaccord Genuity restated a “buy” rating and issued a $44.00 price target on shares of Carrizo Oil & Gas in a research note on Friday, August 5th. FBR & Co set a $49.00 price target on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Friday, August 5th. Imperial Capital raised their price target on Carrizo Oil & Gas from $30.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, May 5th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Carrizo Oil & Gas in a research note on Sunday, July 10th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Carrizo Oil & Gas currently has a consensus rating of “Buy” and an average target price of $39.55.

The company has a 50-day moving average price of $35.01 and a 200-day moving average price of $32.69. The company’s market cap is $2.18 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.13 by $0.16. The firm earned $107.30 million during the quarter, compared to analysts’ expectations of $119.67 million. Carrizo Oil & Gas’s revenue for the quarter 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 $1.07 earnings per share for the current year.

In other Carrizo Oil & Gas news, CFO David L. Pitts sold 4,142 shares of the 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 document filed with the SEC, which is available at this hyperlink. Also, VP Gerald A. Morton sold 800 shares of the stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $37.83, for a total value of $30,264.00. Following the sale, the vice president now owns 61,328 shares in the company, valued at approximately $2,320,038.24. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in Carrizo Oil & Gas during the fourth quarter valued at about $1,682,000. Employees Retirement System of Texas bought a new stake in Carrizo Oil & Gas during the fourth quarter valued at about $3,550,000. Bank of Montreal Can increased its stake in Carrizo Oil & Gas by 19.8% in the fourth quarter. Bank of Montreal Can now owns 362,794 shares of the company’s stock valued at $10,731,000 after buying an additional 59,845 shares in the last quarter. Principal Financial Group Inc. increased 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 in the last quarter. Finally, Wells Fargo & Company MN increased 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 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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