KLR Group restated their buy rating on shares of Carrizo Oil & Gas (NASDAQ:CRZO) in a report released on Monday morning. They currently have a $35.00 price objective on the oil and gas producer’s stock.

Several other analysts have also recently weighed in on CRZO. Zacks Investment Research cut shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research note on Friday. Williams Capital set a $41.00 price objective on shares of Carrizo Oil & Gas and gave the stock a buy rating in a research note on Wednesday, August 15th. 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. SunTrust Banks set a $35.00 price objective on shares of Carrizo Oil & Gas and gave the stock a buy rating in a research note on Monday. Finally, ValuEngine upgraded shares of Carrizo Oil & Gas from a sell rating to a hold rating in a research note on Saturday, June 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $28.74.

Shares of Carrizo Oil & Gas stock opened at $22.79 on Monday. Carrizo Oil & Gas has a twelve month low of $11.10 and a twelve month high of $31.57. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 3.52. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 10.44 and a beta of 2.15.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Monday, August 6th. The oil and gas producer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. Carrizo Oil & Gas had a net margin of 5.84% and a return on equity of 52.59%. The business had revenue of $264.00 million during the quarter, compared to analysts’ expectations of $230.08 million. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s revenue was up 58.6% on a year-over-year basis. equities research analysts expect that Carrizo Oil & Gas will post 3.04 EPS for the current fiscal year.

In related news, insider S P. Iv Johnson sold 6,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $30.02, for a total transaction of $180,120.00. Following the sale, the insider now directly owns 195,076 shares of the company’s stock, valued at approximately $5,856,181.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $22.55, for a total transaction of $180,400.00. Following the sale, the chief executive officer now directly owns 180,276 shares in the company, valued at $4,065,223.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,428 shares of company stock worth $2,324,977. Insiders own 5.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings in shares of Carrizo Oil & Gas by 91.0% during the 2nd 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 during the last quarter. Aperio Group LLC grew its holdings in shares of Carrizo Oil & Gas by 7.1% during the 2nd quarter. Aperio Group LLC now owns 43,010 shares of the oil and gas producer’s stock valued at $1,198,000 after purchasing an additional 2,844 shares during the last quarter. Swiss National Bank grew its holdings in shares of Carrizo Oil & Gas by 2.2% during the 1st quarter. Swiss National Bank now owns 141,739 shares of the oil and gas producer’s stock valued at $2,268,000 after purchasing an additional 3,000 shares during the last quarter. Affinity Investment Advisors LLC grew its holdings in shares of Carrizo Oil & Gas by 24.4% during the 1st quarter. Affinity Investment Advisors LLC now owns 15,505 shares of the oil and gas producer’s stock valued at $248,000 after purchasing an additional 3,039 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Carrizo Oil & Gas by 25.4% during the 2nd quarter. Raymond James & Associates now owns 19,080 shares of the oil and gas producer’s stock valued at $531,000 after purchasing an additional 3,861 shares during the last quarter.

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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