Shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) have earned an average recommendation of “Buy” from the twenty-five ratings firms that are covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $29.72.

A number of equities analysts have commented on the company. BMO Capital Markets boosted their price objective on Carrizo Oil & Gas from $30.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 13th. Zacks Investment Research downgraded Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. BidaskClub downgraded Carrizo Oil & Gas from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 30th. Williams Capital restated a “buy” rating and set a $41.00 target price on shares of Carrizo Oil & Gas in a research report on Tuesday, August 7th. Finally, Tudor Pickering upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Thursday, June 7th.

Carrizo Oil & Gas stock traded up $0.36 on Wednesday, reaching $23.97. The company’s stock had a trading volume of 33,782 shares, compared to its average volume of 1,898,739. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $1.99 billion, a P/E ratio of 16.77 and a beta of 2.20. Carrizo Oil & Gas has a twelve month low of $13.27 and a twelve month high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Monday, August 6th. The oil and gas producer reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The company had revenue of $264.00 million for the quarter, compared to analyst estimates of $230.08 million. Carrizo Oil & Gas had a return on equity of 52.59% and a net margin of 5.84%. The business’s revenue was up 58.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. equities research analysts predict that Carrizo Oil & Gas will post 3 earnings per share for the current year.

In other Carrizo Oil & Gas news, Director Frank A. Wojtek sold 2,000 shares of the stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $29.39, for a total value of $58,780.00. Following the completion of the sale, the director now directly owns 28,008 shares in the company, valued at $823,155.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Gerald A. Morton sold 12,428 shares of the stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $29.90, for a total value of $371,597.20. Following the completion of the sale, the general counsel now owns 99,436 shares of the company’s stock, valued at $2,973,136.40. The disclosure for this sale can be found here. Insiders sold 68,428 shares of company stock valued at $1,904,417 over the last 90 days. Corporate insiders own 5.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in CRZO. PNC Financial Services Group Inc. boosted its position in shares of Carrizo Oil & Gas by 91.0% during the second quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the oil and gas producer’s stock worth $156,000 after buying an additional 2,680 shares during the period. Miller Investment Management LP acquired a new position in shares of Carrizo Oil & Gas during the first quarter worth about $160,000. Alambic Investment Management L.P. acquired a new position in shares of Carrizo Oil & Gas during the first quarter worth about $166,000. Advisors Asset Management Inc. boosted its position in shares of Carrizo Oil & Gas by 26,788.1% during the second quarter. Advisors Asset Management Inc. now owns 1,821,670 shares of the oil and gas producer’s stock worth $183,000 after buying an additional 1,814,895 shares during the period. Finally, Creative Planning acquired a new position in shares of Carrizo Oil & Gas during the second quarter worth about $222,000.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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Analyst Recommendations for Carrizo Oil & Gas (NASDAQ:CRZO)

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