Carrizo Oil & Gas Inc. (NASDAQ:CRZO)’s share price gapped up before the market opened on Monday . The stock had previously closed at $37.82, but opened at $38.15. Carrizo Oil & Gas shares last traded at $39.57, with a volume of 1,390,000 shares.

A number of equities analysts recently commented on CRZO shares. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Friday, August 19th. Stifel Nicolaus started coverage on shares of Carrizo Oil & Gas in a research report on Thursday, June 16th. They set a “buy” rating and a $48.00 price target on the stock. FBR & Co reaffirmed an “outperform” rating and set a $49.00 price target (up from $46.00) on shares of Carrizo Oil & Gas in a research report on Wednesday, July 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $44.00 price target on shares of Carrizo Oil & Gas in a research report on Friday, August 5th. Finally, KLR Group lowered shares of Carrizo Oil & Gas from a “buy” rating to an “accumulate” rating and set a $41.00 price target on the stock. in a research report on Tuesday, May 24th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Carrizo Oil & Gas presently has an average rating of “Buy” and a consensus price target of $39.68.

The stock has a 50-day moving average price of $35.60 and a 200 day moving average price 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, topping analysts’ consensus estimates of $0.13 by $0.16. The firm earned $107.30 million during the quarter, compared to analysts’ expectations of $119.67 million. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. Analysts forecast that Carrizo Oil & Gas Inc. will post $1.09 earnings per share for the current fiscal year.

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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