Shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) shot up 3.8% during mid-day trading on Thursday . The stock traded as high as $37.14 and last traded at $37.10, with a volume of 865,206 shares changing hands. The stock had previously closed at $35.75.

Several brokerages recently issued reports on CRZO. Zacks Investment Research downgraded Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Monday. Imperial Capital increased their price target on Carrizo Oil & Gas from $39.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Simmons reiterated a “neutral” rating and issued a $46.00 price target (up from $42.00) on shares of Carrizo Oil & Gas in a report on Monday, August 15th. Credit Suisse Group AG reiterated a “buy” rating and issued a $42.00 price target on shares of Carrizo Oil & Gas in a report on Thursday, August 11th. Finally, Jefferies Group reiterated a “buy” rating on shares of Carrizo Oil & Gas in a report on Thursday, August 11th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Carrizo Oil & Gas presently has an average rating of “Buy” and an average price target of $39.68.

The firm’s market cap is $2.16 billion. The stock has a 50-day moving average price of $35.07 and a 200 day moving average price of $33.00.

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, beating analysts’ consensus estimates of $0.13 by $0.16. The business had revenue of $107.30 million for the quarter, compared to the consensus estimate of $119.67 million. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. Equities analysts expect that Carrizo Oil & Gas Inc. will post $1.09 EPS for the current fiscal year.

In related news, Director Roger A. Ramsey sold 2,000 shares of Carrizo Oil & Gas 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 transaction, the director now owns 37,450 shares in the company, valued at approximately $1,340,710. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gerald A. Morton sold 800 shares of Carrizo Oil & Gas stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $37.83, for a total transaction of $30,264.00. Following the completion of the transaction, 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.

Several hedge funds and institutional investors recently bought and sold shares of CRZO. Bank of Montreal Can increased its position 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 during the last quarter. Wells Fargo & Company MN increased its position 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 last quarter. Principal Financial Group Inc. increased its position 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 last quarter. Marshall Wace LLP bought a new position in Carrizo Oil & Gas during the fourth quarter valued at about $1,682,000. Finally, Employees Retirement System of Texas bought a new position in Carrizo Oil & Gas during the fourth quarter valued at about $3,550,000.

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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