Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $11.33 and last traded at $11.32, with a volume of 3,473,949 shares changing hands. The stock had previously closed at $12.02.

A number of equities research analysts recently issued reports on the stock. 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 report on Thursday, May 11th. Robert W. Baird lowered 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 report on Wednesday, May 24th. Jefferies Group LLC set a $36.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Wednesday, May 17th. BidaskClub upgraded shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $38.00 target price on shares of Carrizo Oil & Gas in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Carrizo Oil & Gas presently has an average rating of “Buy” and a consensus price target of $38.47.

The stock’s market cap is $934.94 million. The company has a 50-day moving average price of $14.05 and a 200-day moving average price of $21.66.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $166.50 million during the quarter, compared to analysts’ expectations of $163.22 million. Carrizo Oil & Gas had a positive return on equity of 1,494.45% and a negative net margin of 0.98%. The company’s revenue was up 55.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. Equities analysts anticipate that Carrizo Oil & Gas, Inc. will post $1.07 EPS for the current year.

In related news, Director Steven A. Webster bought 75,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $12.13 per share, with a total value of $909,750.00. Following the completion of the transaction, the director now directly owns 2,826,310 shares of the company’s stock, valued at $34,283,140.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven A. Webster bought 151,900 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were bought at an average cost of $13.56 per share, with a total value of $2,059,764.00. Following the transaction, the director now directly owns 2,724,410 shares of the company’s stock, valued at $36,942,999.60. The disclosure for this purchase can be found here. Insiders have acquired 356,600 shares of company stock valued at $4,724,806 in the last ninety days. Company insiders own 6.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CRZO. Glen Harbor Capital Management LLC boosted its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock valued at $112,000 after acquiring an additional 980 shares during the period. Strs Ohio boosted its position in shares of Carrizo Oil & Gas by 20.0% in the first quarter. Strs Ohio now owns 125,000 shares of the oil and gas producer’s stock valued at $3,582,000 after acquiring an additional 20,800 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Carrizo Oil & Gas by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 85,837 shares of the oil and gas producer’s stock valued at $2,459,000 after acquiring an additional 5,388 shares during the period. Chicago Equity Partners LLC boosted its position in shares of Carrizo Oil & Gas by 1.5% in the first quarter. Chicago Equity Partners LLC now owns 16,705 shares of the oil and gas producer’s stock valued at $479,000 after acquiring an additional 250 shares during the period. Finally, Elkfork Partners LLC boosted its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock valued at $135,000 after acquiring an additional 1,190 shares during the period. 99.96% of the stock is owned by institutional investors.

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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.