Other analysts have also recently issued research reports about the company. Piper Jaffray Companies set a $15.00 price objective on Carrizo Oil & Gas and gave the company a “hold” rating in a research note on Friday, August 16th. Northland Securities reiterated a “hold” rating and issued a $9.00 target price on shares of Carrizo Oil & Gas in a research report on Sunday, September 1st. Wells Fargo & Co decreased their target price on Carrizo Oil & Gas from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Zacks Investment Research downgraded Carrizo Oil & Gas from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 15th. Finally, ValuEngine raised Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.88.
CRZO opened at $7.47 on Tuesday. The company has a 50-day moving average of $7.27 and a 200-day moving average of $8.71. The company has a market capitalization of $667.72 million, a P/E ratio of 2.69, a PEG ratio of 0.11 and a beta of 2.12. Carrizo Oil & Gas has a 1-year low of $6.15 and a 1-year high of $15.75. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.42 and a current ratio of 0.42.
In other news, CEO S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $9.83, for a total transaction of $78,640.00. Following the sale, the chief executive officer now directly owns 171,221 shares in the company, valued at approximately $1,683,102.43. The sale 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 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $6.47 per share, for a total transaction of $323,500.00. Following the acquisition, the director now owns 2,849,941 shares in the company, valued at approximately $18,439,118.27. The disclosure for this purchase can be found here. 4.80% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new position in shares of Carrizo Oil & Gas during the second quarter worth about $54,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Carrizo Oil & Gas by 22.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock valued at $75,000 after purchasing an additional 1,363 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Carrizo Oil & Gas during the second quarter valued at approximately $109,000. Cetera Advisor Networks LLC bought a new stake in shares of Carrizo Oil & Gas during the second quarter valued at approximately $116,000. Finally, Teton Advisors Inc. acquired a new position in shares of Carrizo Oil & Gas during the third quarter worth approximately $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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