Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) received a $20.00 price target from BMO Capital Markets in a research note issued to investors on Saturday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. BMO Capital Markets’ target price points to a potential upside of 44.30% from the company’s current price.

Other analysts have also issued reports about the stock. Robert W. Baird cut their target price on shares of Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, May 24th. BidaskClub raised shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada set a $40.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Thursday, May 11th. Williams Capital set a $35.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Tuesday, August 8th. Finally, Jefferies Group LLC set a $36.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $40.33.

Shares of Carrizo Oil & Gas (NASDAQ CRZO) opened at 13.86 on Friday. The stock’s 50 day moving average is $15.65 and its 200-day moving average is $24.51. Carrizo Oil & Gas has a 52-week low of $12.73 and a 52-week high of $43.96. The firm’s market capitalization is $912.47 million.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $166.50 million during the quarter, compared to analyst estimates of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The business’s revenue for the quarter was up 55.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 EPS. On average, equities analysts forecast that Carrizo Oil & Gas will post $0.96 earnings per share for the current fiscal year.

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In other news, Director Frank A. Wojtek sold 2,800 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total transaction of $67,872.00. Following the transaction, the director now owns 30,008 shares in the company, valued at approximately $727,393.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.00% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CRZO. BlackRock Inc. raised its position in shares of Carrizo Oil & Gas by 20,572.2% in the first quarter. BlackRock Inc. now owns 8,555,207 shares of the oil and gas producer’s stock valued at $245,193,000 after buying an additional 8,513,822 shares during the period. Caymus Capital Partners L.P. raised its position in shares of Carrizo Oil & Gas by 978.3% in the first quarter. Caymus Capital Partners L.P. now owns 1,401,800 shares of the oil and gas producer’s stock valued at $40,176,000 after buying an additional 1,271,800 shares during the period. Marshall Wace North America L.P. raised its position in shares of Carrizo Oil & Gas by 2,349.5% in the second quarter. Marshall Wace North America L.P. now owns 897,901 shares of the oil and gas producer’s stock valued at $15,264,000 after buying an additional 861,245 shares during the period. Frontier Capital Management Co. LLC raised its position in shares of Carrizo Oil & Gas by 17.0% in the second quarter. Frontier Capital Management Co. LLC now owns 4,905,089 shares of the oil and gas producer’s stock valued at $85,447,000 after buying an additional 714,257 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Carrizo Oil & Gas by 7,755.6% in the first quarter. Mackenzie Financial Corp now owns 707,000 shares of the oil and gas producer’s stock valued at $20,263,000 after buying an additional 698,000 shares during the period. Institutional investors own 89.12% of the company’s stock.

About Carrizo Oil & Gas

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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