BidaskClub downgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a hold rating to a sell rating in a report published on Wednesday.

Several other equities analysts have also recently issued reports on CRZO. Jefferies Financial Group reaffirmed a hold rating and issued a $27.00 price objective on shares of Carrizo Oil & Gas in a research note on Wednesday, July 18th. Williams Capital reaffirmed a buy rating and issued a $41.00 price objective on shares of Carrizo Oil & Gas in a research note on Monday, July 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Carrizo Oil & Gas from $26.00 to $29.00 and gave the stock a $28.42 rating in a research note on Monday, July 23rd. Zacks Investment Research cut shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research note on Thursday, July 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Carrizo Oil & Gas from $36.00 to $38.00 and gave the stock a buy rating in a research note on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $29.59.

CRZO stock opened at $17.88 on Wednesday. Carrizo Oil & Gas has a 52 week low of $13.49 and a 52 week high of $31.57. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 6.41 and a beta of 2.28. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.27 and a current ratio of 0.27.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Monday, November 5th. The oil and gas producer reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.15. Carrizo Oil & Gas had a net margin of 12.23% and a return on equity of 56.06%. The company had revenue of $303.40 million for the quarter, compared to the consensus estimate of $265.34 million. During the same period in the previous year, the firm earned $0.33 EPS. Carrizo Oil & Gas’s revenue was up 67.3% on a year-over-year basis. On average, research analysts expect that Carrizo Oil & Gas will post 3.13 EPS for the current year.

In other news, COO John Bradley Fisher sold 7,500 shares of Carrizo Oil & Gas stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $25.01, for a total value of $187,575.00. Following the transaction, the chief operating officer now directly owns 157,436 shares of the company’s stock, valued at $3,937,474.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $22.32, for a total transaction of $178,560.00. Following the completion of the transaction, the insider now directly owns 163,076 shares in the company, valued at $3,639,856.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,500 shares of company stock worth $556,695. 5.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CRZO. PNC Financial Services Group Inc. grew its position in 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 valued at $156,000 after purchasing an additional 2,680 shares in the last quarter. Advisors Asset Management Inc. grew its position in 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 valued at $183,000 after purchasing an additional 1,814,895 shares in the last quarter. Creative Planning purchased a new position in Carrizo Oil & Gas during the second quarter valued at approximately $222,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Carrizo Oil & Gas by 144.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,128 shares of the oil and gas producer’s stock valued at $230,000 after purchasing an additional 5,397 shares in the last quarter. Finally, Berkshire Asset Management LLC PA purchased a new position in Carrizo Oil & Gas during the second quarter valued at approximately $252,000.

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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