Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has been given a $35.00 target price by research analysts at Williams Capital in a research note issued on Tuesday. The firm currently has a “buy” rating on the oil and gas producer’s stock. Williams Capital’s price objective would suggest a potential upside of 147.88% from the stock’s previous close.

Several other research analysts also recently commented on the stock. BidaskClub downgraded shares of Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. J P Morgan Chase & Co downgraded shares of Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $21.00 in a research note on Thursday, July 20th. Mizuho reissued a “buy” rating and set a $32.00 price target on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. Finally, BMO Capital Markets set a $20.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Monday, June 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $40.33.

Carrizo Oil & Gas (NASDAQ CRZO) traded down 6.80% during midday trading on Tuesday, reaching $13.16. 2,533,222 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $16.65 and a 200-day moving average of $25.54. Carrizo Oil & Gas has a 12 month low of $12.89 and a 12 month high of $43.96. The stock’s market cap is $866.02 million.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $166.50 million for the quarter, compared to the consensus estimate of $163.22 million. Carrizo Oil & Gas had a negative net margin of 63.08% and a negative return on equity of 128.17%. Carrizo Oil & Gas’s quarterly revenue was up 55.2% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. On average, equities research analysts predict that Carrizo Oil & Gas will post $0.91 earnings per share for the current year.

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In other news, Director Frank A. Wojtek sold 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total value of $67,872.00. Following the transaction, the director now owns 30,008 shares in the company, valued at $727,393.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.00% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CRZO. Airain ltd boosted its position in shares of Carrizo Oil & Gas by 402.9% in the second quarter. Airain ltd now owns 130,810 shares of the oil and gas producer’s stock valued at $2,279,000 after buying an additional 104,799 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Carrizo Oil & Gas by 84.7% in the second quarter. Prudential Financial Inc. now owns 194,590 shares of the oil and gas producer’s stock valued at $3,390,000 after buying an additional 89,220 shares in the last quarter. First Interstate Bank boosted its position in shares of Carrizo Oil & Gas by 40.6% in the second quarter. First Interstate Bank now owns 11,740 shares of the oil and gas producer’s stock valued at $205,000 after buying an additional 3,390 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Carrizo Oil & Gas during the second quarter valued at about $4,147,000. Finally, Caymus Capital Partners L.P. boosted its position in shares of Carrizo Oil & Gas by 12.6% in the second quarter. Caymus Capital Partners L.P. now owns 1,577,900 shares of the oil and gas producer’s stock valued at $27,487,000 after buying an additional 176,100 shares in the last quarter. Hedge funds and other institutional investors own 89.12% of the company’s stock.

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.

Analyst Recommendations for Carrizo Oil & Gas (NASDAQ:CRZO)

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