Carrizo Oil & Gas (CRZO) PT Set at $23.00 by SunTrust Banks
SunTrust Banks set a $23.00 price target on Carrizo Oil & Gas (NASDAQ:CRZO) in a research note published on Tuesday morning. The brokerage currently has a buy rating on the oil and gas producer’s stock. SunTrust Banks also issued estimates for Carrizo Oil & Gas’ Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $2.69 EPS, FY2019 earnings at $2.87 EPS and FY2020 earnings at $3.64 EPS. The analysts noted that the move was a valuation call.
CRZO has been the topic of a number of other reports. Citigroup started coverage on shares of Carrizo Oil & Gas in a research report on Friday, December 22nd. They set a neutral rating and a $26.00 price target on the stock. Jefferies Group set a $17.00 price target on shares of Carrizo Oil & Gas and gave the stock a hold rating in a research report on Thursday, November 16th. BMO Capital Markets set a $23.00 price target on shares of Carrizo Oil & Gas and gave the stock a buy rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a strong-buy rating to a hold rating in a research report on Tuesday, January 9th. Finally, Stifel Nicolaus set a $44.00 price target on shares of Carrizo Oil & Gas and gave the stock a buy rating in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $28.44.
Carrizo Oil & Gas (NASDAQ:CRZO) opened at $14.90 on Tuesday. The firm has a market cap of $1,140.00, a PE ratio of 12.02 and a beta of 2.29. Carrizo Oil & Gas has a 1 year low of $11.10 and a 1 year high of $32.00. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.33 and a quick ratio of 0.32.
In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $23.92, for a total transaction of $191,360.00. Following the sale, the insider now directly owns 216,581 shares in the company, valued at $5,180,617.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 24,000 shares of company stock worth $485,440 over the last quarter. Corporate insiders own 6.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in CRZO. Sterling Investment Advisors Ltd. acquired a new stake in Carrizo Oil & Gas during the fourth quarter worth about $128,000. Amalgamated Bank acquired a new stake in Carrizo Oil & Gas during the third quarter worth about $182,000. Affinity Investment Advisors LLC acquired a new stake in Carrizo Oil & Gas during the third quarter worth about $211,000. CIBC Asset Management Inc acquired a new stake in Carrizo Oil & Gas during the fourth quarter worth about $212,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Carrizo Oil & Gas during the third quarter worth about $231,000.
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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.
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