Carrizo Oil & Gas Inc. (NASDAQ:CRZO) has been assigned a consensus rating of “Buy” from the twenty-three analysts that are presently covering the firm. Three analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $40.00.

CRZO has been the topic of a number of research analyst reports. Canaccord Genuity lifted their price target on shares of Carrizo Oil & Gas from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, June 9th. Zacks Investment Research cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, August 22nd. Simmons reissued a “neutral” rating and issued a $46.00 price target (up previously from $42.00) on shares of Carrizo Oil & Gas in a research note on Monday, August 15th. FBR & Co lifted their price target on shares of Carrizo Oil & Gas from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, September 6th. Finally, JPMorgan Chase & Co. raised shares of Carrizo Oil & Gas from a “neutral” rating to an “overweight” rating and set a $40.00 price target on the stock in a research note on Thursday, May 26th.

Carrizo Oil & Gas (NASDAQ:CRZO) opened at 35.88 on Tuesday. Carrizo Oil & Gas has a 52-week low of $16.10 and a 52-week high of $43.97. The firm’s 50-day moving average is $36.60 and its 200-day moving average is $34.90. The company’s market cap is $2.12 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.16. Carrizo Oil & Gas had a negative net margin of 421.40% and a positive return on equity of 19.03%. The firm had revenue of $107.30 million for the quarter, compared to analysts’ expectations of $119.67 million. During the same quarter last year, the company earned $0.39 EPS. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. On average, equities research analysts anticipate that Carrizo Oil & Gas will post $1.09 EPS for the current year.

In related news, insider S P. Iv Johnson sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $39.68, for a total value of $238,080.00. Following the sale, the insider now directly owns 601,717 shares in the company, valued at approximately $23,876,130.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roger A. Ramsey sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $39.86, for a total transaction of $39,860.00. Following the completion of the sale, the director now owns 33,450 shares in the company, valued at $1,333,317. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in shares of Carrizo Oil & Gas by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the company’s stock valued at $868,000 after buying an additional 200 shares during the period. Nisa Investment Advisors LLC increased its position in Carrizo Oil & Gas by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the company’s stock valued at $513,000 after buying an additional 300 shares in the last quarter. PineBridge Investments L.P. increased its position in Carrizo Oil & Gas by 4.6% in the second quarter. PineBridge Investments L.P. now owns 6,932 shares of the company’s stock valued at $248,000 after buying an additional 303 shares in the last quarter. Brown Advisory Inc. increased its position in Carrizo Oil & Gas by 2.2% in the second quarter. Brown Advisory Inc. now owns 14,275 shares of the company’s stock valued at $511,000 after buying an additional 310 shares in the last quarter. Finally, First Washington CORP increased its position in Carrizo Oil & Gas by 0.4% in the second quarter. First Washington CORP now owns 94,500 shares of the company’s stock valued at $3,388,000 after buying an additional 400 shares in the last quarter.

Carrizo Oil & Gas Company Profile

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.

5 Day Chart for NASDAQ:CRZO

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