Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has earned a consensus rating of “Buy” from the twenty brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.50.
CRZO has been the topic of several analyst reports. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Jefferies Group LLC set a $36.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Mizuho reiterated a “buy” rating and set a $32.00 price target on shares of Carrizo Oil & Gas in a research report on Friday, June 30th. J P Morgan Chase & Co lowered shares of Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $30.00 to $21.00 in a research report on Thursday, July 20th. Finally, Williams Capital reiterated a “buy” rating and set a $42.00 price target on shares of Carrizo Oil & Gas in a research report on Tuesday, May 9th.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded up 1.79% on Friday, hitting $13.68. The stock had a trading volume of 3,539,978 shares. Carrizo Oil & Gas has a 12-month low of $11.73 and a 12-month high of $43.96. The company has a 50 day moving average of $14.42 and a 200-day moving average of $22.19. The firm’s market capitalization is $1.11 billion.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The business had revenue of $166.50 million for the quarter, compared to analyst estimates of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The firm’s revenue for the quarter was up 55.2% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. Equities analysts predict that Carrizo Oil & Gas will post $1.05 EPS for the current fiscal year.
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In other Carrizo Oil & Gas news, Director Steven A. Webster purchased 25,000 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were bought at an average price of $12.67 per share, for a total transaction of $316,750.00. Following the completion of the acquisition, the director now owns 2,826,310 shares in the company, valued at $35,809,347.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven A. Webster purchased 75,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $13.89 per share, for a total transaction of $1,041,750.00. Following the acquisition, the director now owns 2,724,410 shares of the company’s stock, valued at approximately $37,842,054.90. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 356,600 shares of company stock worth $4,724,806. 6.00% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of CRZO. Lord Abbett & CO. LLC raised its position in shares of Carrizo Oil & Gas by 89.5% in the second quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock worth $46,322,000 after buying an additional 1,256,160 shares during the period. Phocas Financial Corp. increased its position in shares of Carrizo Oil & Gas by 4.7% in the second quarter. Phocas Financial Corp. now owns 212,352 shares of the oil and gas producer’s stock worth $3,699,000 after buying an additional 9,481 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of Carrizo Oil & Gas by 260.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 102,641 shares of the oil and gas producer’s stock worth $1,787,000 after buying an additional 74,193 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Carrizo Oil & Gas during the second quarter worth $467,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Carrizo Oil & Gas during the second quarter worth $288,000. Institutional investors own 99.96% of the company’s stock.
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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