Carrizo Oil & Gas Inc (CRZO) Receives $29.94 Average PT from Brokerages

Carrizo Oil & Gas Inc (NASDAQ:CRZO) has been assigned a consensus rating of “Buy” from the twenty-six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $29.94.

A number of research analysts have recently commented on CRZO shares. Williams Capital restated a “buy” rating and issued a $41.00 target price on shares of Carrizo Oil & Gas in a research note on Monday, July 23rd. Johnson Rice upgraded Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating in a research note on Wednesday, August 8th. ValuEngine cut Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, October 25th. Finally, SunTrust Banks restated a “buy” rating and issued a $35.00 target price on shares of Carrizo Oil & Gas in a research note on Monday, August 20th.

CRZO opened at $17.71 on Thursday. The company has a market capitalization of $1.45 billion, a PE ratio of 12.38 and a beta of 2.28. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.26 and a quick ratio of 0.26. Carrizo Oil & Gas has a 52 week low of $13.49 and a 52 week high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Monday, August 6th. The oil and gas producer reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.12. The company had revenue of $264.00 million during the quarter, compared to analysts’ expectations of $230.08 million. Carrizo Oil & Gas had a return on equity of 52.59% and a net margin of 5.84%. The firm’s revenue for the quarter was up 58.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. As a group, research analysts expect that Carrizo Oil & Gas will post 2.97 earnings per share for the current fiscal year.

In other Carrizo Oil & Gas news, COO John Bradley Fisher sold 7,500 shares of Carrizo Oil & Gas stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $25.01, for a total transaction of $187,575.00. Following the completion of the transaction, the chief operating officer now owns 157,436 shares in the company, valued at $3,937,474.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $22.55, for a total value of $180,400.00. Following the transaction, the chief executive officer now owns 180,276 shares of the company’s stock, valued at approximately $4,065,223.80. The disclosure for this sale can be found here. Insiders have sold 31,500 shares of company stock valued at $737,095 in the last quarter. 5.40% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in CRZO. Advisors Asset Management Inc. raised its stake 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 buying an additional 1,814,895 shares during the last quarter. Laurion Capital Management LP purchased a new position in Carrizo Oil & Gas during the second quarter valued at $38,719,000. Hood River Capital Management LLC purchased a new position in Carrizo Oil & Gas during the second quarter valued at $26,558,000. BlackRock Inc. raised its stake in Carrizo Oil & Gas by 7.3% during the second quarter. BlackRock Inc. now owns 10,880,198 shares of the oil and gas producer’s stock valued at $303,014,000 after buying an additional 736,153 shares during the last quarter. Finally, LSV Asset Management raised its stake in Carrizo Oil & Gas by 18.8% during the second quarter. LSV Asset Management now owns 4,082,450 shares of the oil and gas producer’s stock valued at $113,696,000 after buying an additional 645,350 shares during the last quarter.

Carrizo Oil & Gas Company Profile

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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