Carrizo Oil & Gas (NASDAQ:CRZO) was upgraded by investment analysts at Seaport Global Securities from a “sell” rating to a “buy” rating in a research note issued on Tuesday.

Other equities research analysts also recently issued reports about the stock. SunTrust Banks set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Monday, October 16th. BMO Capital Markets set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Williams Capital reiterated a “buy” rating and set a $26.00 price objective on shares of Carrizo Oil & Gas in a research note on Monday, October 9th. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Monday, October 9th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $23.00 target price on shares of Carrizo Oil & Gas in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $27.44.

Carrizo Oil & Gas (NASDAQ CRZO) traded up $0.73 on Tuesday, reaching $19.95. 1,305,582 shares of the company’s stock traded hands, compared to its average volume of 2,740,456. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.38. Carrizo Oil & Gas has a 12 month low of $11.10 and a 12 month high of $39.70. The stock has a market capitalization of $1,497.95, a P/E ratio of 14.71 and a beta of 2.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The company had revenue of $181.28 million during the quarter, compared to the consensus estimate of $177.97 million. During the same period in the previous year, the firm earned $0.23 earnings per share. Carrizo Oil & Gas’s revenue for the quarter was up 63.1% on a year-over-year basis. equities research analysts anticipate that Carrizo Oil & Gas will post 1.35 EPS for the current year.

In related news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total value of $149,520.00. Following the completion of the transaction, the insider now owns 231,194 shares in the company, valued at approximately $4,321,015.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.00% of the company’s stock.

Several large investors have recently bought and sold shares of CRZO. Russell Investments Group Ltd. boosted its position in shares of Carrizo Oil & Gas by 1.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 100,179 shares of the oil and gas producer’s stock valued at $1,745,000 after purchasing an additional 1,734 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Carrizo Oil & Gas by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,620 shares of the oil and gas producer’s stock valued at $255,000 after purchasing an additional 630 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Carrizo Oil & Gas by 30.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 111,666 shares of the oil and gas producer’s stock valued at $1,945,000 after purchasing an additional 25,829 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Carrizo Oil & Gas by 1.9% during the 2nd quarter. Texas Permanent School Fund now owns 45,163 shares of the oil and gas producer’s stock valued at $787,000 after purchasing an additional 838 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Carrizo Oil & Gas by 91.2% during the 2nd quarter. Sei Investments Co. now owns 133,152 shares of the oil and gas producer’s stock valued at $2,319,000 after purchasing an additional 63,508 shares in the last quarter. Institutional investors own 99.96% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/carrizo-oil-gas-crzo-raised-to-buy-at-seaport-global-securities/1772777.html.

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.

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

Receive News & Ratings for Carrizo Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.