Carrizo Oil & Gas (CRZO) Shares Gap Up to $14.23
Shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) gapped up prior to trading on Friday . The stock had previously closed at $14.03, but opened at $14.23. Carrizo Oil & Gas shares last traded at $14.23, with a volume of 6232300 shares changing hands.
A number of analysts have recently weighed in on CRZO shares. Citigroup started coverage on shares of Carrizo Oil & Gas in a report on Friday, December 22nd. They issued 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 company a “hold” rating in a report on Thursday, November 16th. BMO Capital Markets set a $23.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research cut shares of Carrizo Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Stifel Nicolaus set a $44.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Carrizo Oil & Gas presently has an average rating of “Buy” and an average price target of $28.44.
The company has a market capitalization of $1,213.90, a P/E ratio of 10.72 and a beta of 2.29. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 4.39.
In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $18.19, for a total transaction of $145,520.00. Following the completion of the transaction, the insider now directly owns 208,294 shares of the company’s stock, valued at approximately $3,788,867.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 24,000 shares of company stock valued at $485,440 over the last three months. 6.00% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Sterling Investment Advisors Ltd. purchased a new position in Carrizo Oil & Gas during the 4th quarter worth approximately $128,000. CIBC Asset Management Inc purchased a new position in Carrizo Oil & Gas during the 4th quarter worth approximately $212,000. Amalgamated Bank purchased a new position in Carrizo Oil & Gas during the 3rd quarter worth approximately $182,000. Quantitative Systematic Strategies LLC purchased a new position in Carrizo Oil & Gas during the 4th quarter worth approximately $235,000. Finally, Affinity Investment Advisors LLC purchased a new position in Carrizo Oil & Gas during the 3rd quarter worth approximately $211,000.
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.
Receive News & Ratings for Carrizo Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.