Shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) traded up 3.2% on Friday . The company traded as high as $39.74 and last traded at $39.37, with a volume of 678,089 shares changing hands. The stock had previously closed at $38.15.

A number of analysts have recently weighed in on the company. Imperial Capital upped their target price on Carrizo Oil & Gas from $30.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, May 5th. Cantor Fitzgerald reiterated a “buy” rating on shares of Carrizo Oil & Gas in a research report on Saturday, June 4th. 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. JPMorgan Chase & Co. upgraded Carrizo Oil & Gas from a “neutral” rating to an “overweight” rating and set a $40.00 price objective for the company in a research report on Thursday, May 26th. Finally, Royal Bank Of Canada upped their price objective on Carrizo Oil & Gas from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, May 5th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $39.68.

The company has a 50 day moving average of $35.49 and a 200-day moving average of $33.52. The firm’s market capitalization is $2.33 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its 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 company earned $107.30 million during the quarter, compared to the consensus estimate of $119.67 million. The company’s revenue was down 13.1% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. Equities analysts forecast that Carrizo Oil & Gas Inc. will post $1.09 EPS for the current fiscal year.

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

A hedge fund recently raised its stake in Carrizo Oil & Gas stock. Bank of Montreal Can raised its position in shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) by 19.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 362,794 shares of the company’s stock after buying an additional 59,845 shares during the period. Bank of Montreal Can owned approximately 0.62% of Carrizo Oil & Gas worth $10,731,000 as of its most recent filing with the SEC.

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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