Carrizo Oil & Gas (CRZO) PT Set at $23.00 by SunTrust Banks
SunTrust Banks set a $23.00 price target on Carrizo Oil & Gas (NASDAQ:CRZO) in a report published on Tuesday morning. The firm currently has a buy rating on the oil and gas producer’s stock. SunTrust Banks also issued estimates for Carrizo Oil & Gas’ Q1 2018 earnings at $0.50 EPS, Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $2.69 EPS, FY2019 earnings at $2.87 EPS and FY2020 earnings at $3.64 EPS. The analysts noted that the move was a valuation call.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a hold rating to a buy rating and set a $27.00 price target for the company in a report on Wednesday, January 10th. Raymond James Financial set a $28.00 target price on shares of Carrizo Oil & Gas and gave the stock a buy rating in a report on Tuesday, December 12th. Piper Jaffray Companies restated a hold rating on shares of Carrizo Oil & Gas in a report on Thursday, December 14th. BidaskClub cut shares of Carrizo Oil & Gas from a buy rating to a hold rating in a report on Thursday, January 18th. Finally, Williams Capital restated a buy rating and set a $26.00 target price on shares of Carrizo Oil & Gas in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Carrizo Oil & Gas has a consensus rating of Buy and an average target price of $28.44.
Carrizo Oil & Gas (NASDAQ CRZO) opened at $14.90 on Tuesday. The firm has a market cap of $1,140.00, a P/E ratio of 12.02 and a beta of 2.29. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $32.00. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 4.39.
In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.92, for a total transaction of $191,360.00. Following the sale, the insider now directly owns 216,581 shares of the company’s stock, valued at $5,180,617.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 24,000 shares of company stock worth $485,440 over the last ninety days. Insiders own 6.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CRZO. The Manufacturers Life Insurance Company raised its position in Carrizo Oil & Gas by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 49,233 shares of the oil and gas producer’s stock worth $858,000 after acquiring an additional 1,432 shares in the last quarter. Strs Ohio raised its position in Carrizo Oil & Gas by 7.1% during the third quarter. Strs Ohio now owns 150,000 shares of the oil and gas producer’s stock worth $2,569,000 after acquiring an additional 10,000 shares in the last quarter. Nationwide Fund Advisors raised its position in Carrizo Oil & Gas by 14.3% during the third quarter. Nationwide Fund Advisors now owns 39,989 shares of the oil and gas producer’s stock worth $685,000 after acquiring an additional 5,008 shares in the last quarter. First Quadrant L P CA bought a new stake in Carrizo Oil & Gas during the third quarter worth $492,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Carrizo Oil & Gas during the third quarter worth $283,000.
About Carrizo Oil & Gas
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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