Carrizo Oil & Gas Inc (NASDAQ:CRZO) Receives Average Recommendation of “Hold” from Analysts

Carrizo Oil & Gas Inc (NASDAQ:CRZO) has been given a consensus rating of “Hold” by the twenty-three brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $21.11.

Several research analysts recently commented on the stock. Zacks Investment Research cut shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Jefferies Financial Group reduced their target price on shares of TherapeuticsMD from $4.00 to $3.00 in a report on Monday. Cowen set a $27.00 target price on shares of Schnitzer Steel Industries and gave the stock a “hold” rating in a report on Tuesday, April 9th. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Finally, Capital One Financial cut shares of Cimarex Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 20th.

Shares of CRZO stock traded up $0.49 during trading hours on Tuesday, hitting $11.19. 27,947,095 shares of the company were exchanged, compared to its average volume of 3,857,507. Carrizo Oil & Gas has a 52 week low of $8.64 and a 52 week high of $29.58. The company has a 50 day moving average of $10.02. The stock has a market cap of $971.30 million, a P/E ratio of 4.03, a PEG ratio of 0.14 and a beta of 2.14. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.55.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Tuesday, May 7th. The oil and gas producer reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.07. Carrizo Oil & Gas had a net margin of 49.20% and a return on equity of 32.14%. The business had revenue of $233.04 million during the quarter, compared to analysts’ expectations of $228.41 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that Carrizo Oil & Gas will post 2.8 earnings per share for the current fiscal year.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $9.15, for a total value of $73,200.00. Following the completion of the sale, the insider now owns 195,221 shares in the company, valued at $1,786,272.15. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. First Quadrant L P CA acquired a new stake in shares of Carrizo Oil & Gas during the 1st quarter worth about $63,000. Cypress Capital Management LLC WY lifted its stake in shares of Carrizo Oil & Gas by 37.3% during the 1st quarter. Cypress Capital Management LLC WY now owns 7,000 shares of the oil and gas producer’s stock worth $87,000 after buying an additional 1,900 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Carrizo Oil & Gas by 276.2% during the 4th quarter. Advisor Group Inc. now owns 7,333 shares of the oil and gas producer’s stock worth $83,000 after buying an additional 5,384 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Carrizo Oil & Gas during the 4th quarter worth about $90,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Carrizo Oil & Gas during the 4th quarter worth about $107,000.

Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

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

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