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

Several research analysts recently issued reports on the company. Stifel Nicolaus assumed coverage on Carrizo Oil & Gas in a research report on Thursday, June 16th. They set a “buy” rating and a $48.00 target price for the company. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Carrizo Oil & Gas in a research report on Saturday, June 4th. Zacks Investment Research lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $42.00 target price on shares of Carrizo Oil & Gas in a research report on Thursday, August 11th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Carrizo Oil & Gas in a research report on Thursday, August 11th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Carrizo Oil & Gas has a consensus rating of “Buy” and an average target price of $39.68.

The company has a 50-day moving average of $35.60 and a 200-day moving average of $33.56. The stock’s market cap is $2.33 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.16. During the same quarter in the prior year, the firm earned $0.39 EPS. The company had revenue of $107.30 million for the quarter, compared to analysts’ expectations of $119.67 million. Carrizo Oil & Gas’s quarterly revenue was down 13.1% compared to the same quarter last year. Equities analysts forecast that Carrizo Oil & Gas Inc. will post $1.09 earnings per share for the current year.

In related news, Director Roger A. Ramsey sold 2,000 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $35.80, for a total transaction of $71,600.00. Following the transaction, the director now owns 37,450 shares in the company, valued at $1,340,710. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO S P. Iv Johnson sold 6,000 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $38.38, for a total transaction of $230,280.00. Following the transaction, the chief executive officer now owns 619,717 shares in the company, 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 increased its stake in shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) by 19.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 362,794 shares of the company’s stock after buying an additional 59,845 shares during the period. Bank of Montreal Can owned about 0.62% of Carrizo Oil & Gas worth $10,731,000 as of its most recent SEC filing.

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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