Carrizo Oil & Gas Inc (NASDAQ:CRZO)’s share price traded down 5% during mid-day trading on Tuesday . The company traded as low as $12.89 and last traded at $12.99. 4,252,080 shares were traded during mid-day trading, an increase of 15% from the average session volume of 3,710,560 shares. The stock had previously closed at $13.68.

A number of equities analysts have recently issued reports on the stock. Mizuho restated a “buy” rating and issued a $32.00 price objective on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. BMO Capital Markets set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday, June 26th. Seaport Global Securities cut shares of Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research note on Wednesday, June 21st. Jefferies Group LLC restated a “buy” rating and issued a $25.00 price objective (down previously from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. Finally, Tudor Pickering cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Carrizo Oil & Gas presently has a consensus rating of “Buy” and an average price target of $39.35.

The company’s market cap is $1.06 billion. The company has a 50 day moving average price of $14.37 and a 200 day moving average price of $21.94.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The company had revenue of $166.50 million for the quarter, compared to analysts’ expectations of $163.22 million. Carrizo Oil & Gas had a return on equity of 223.87% and a net margin of 33.82%. The business’s quarterly revenue was up 55.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 earnings per share. On average, equities research analysts forecast that Carrizo Oil & Gas Inc will post $1.06 earnings per share for the current year.

In other news, Director Steven A. Webster purchased 75,000 shares of Carrizo Oil & Gas stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $13.89 per share, for a total transaction of $1,041,750.00. Following the completion of the acquisition, the director now owns 2,724,410 shares in the company, valued at approximately $37,842,054.90. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven A. Webster purchased 25,000 shares of Carrizo Oil & Gas stock in a transaction dated Monday, August 28th. The shares were purchased at an average price of $12.67 per share, for a total transaction of $316,750.00. Following the completion of the acquisition, the director now owns 2,826,310 shares of the company’s stock, valued at approximately $35,809,347.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 356,600 shares of company stock worth $4,724,806. Company insiders own 6.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CRZO. BlackRock Inc. grew its holdings in shares of Carrizo Oil & Gas by 20,572.2% during the first quarter. BlackRock Inc. now owns 8,555,207 shares of the oil and gas producer’s stock worth $245,193,000 after purchasing an additional 8,513,822 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Carrizo Oil & Gas by 89.5% during the second quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock worth $46,322,000 after purchasing an additional 1,256,160 shares during the last quarter. Marshall Wace North America L.P. grew its holdings in shares of Carrizo Oil & Gas by 2,349.5% during the second quarter. Marshall Wace North America L.P. now owns 897,901 shares of the oil and gas producer’s stock worth $15,264,000 after purchasing an additional 861,245 shares during the last quarter. State Street Corp grew its holdings in shares of Carrizo Oil & Gas by 28.7% during the second quarter. State Street Corp now owns 3,815,021 shares of the oil and gas producer’s stock worth $66,454,000 after purchasing an additional 850,815 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Carrizo Oil & Gas by 17.0% during the second quarter. Frontier Capital Management Co. LLC now owns 4,905,089 shares of the oil and gas producer’s stock worth $85,447,000 after purchasing an additional 714,257 shares during the last quarter. Institutional investors own 99.96% of the company’s stock.

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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.