BidaskClub upgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a hold rating to a buy rating in a report issued on Wednesday.

Several other brokerages have also issued reports on CRZO. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research note on Thursday, July 26th. Williams Capital restated a buy rating and set a $41.00 price objective on shares of Carrizo Oil & Gas in a research note on Monday, July 23rd. BMO Capital Markets raised their price objective on shares of Carrizo Oil & Gas from $30.00 to $33.00 and gave the company an outperform rating in a research note on Wednesday, June 13th. Stifel Nicolaus raised their price objective on shares of Carrizo Oil & Gas from $36.00 to $38.00 and gave the company a buy rating in a research note on Tuesday, August 7th. Finally, TheStreet upgraded shares of Carrizo Oil & Gas from a d+ rating to a c- rating in a research note on Tuesday, May 29th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $29.58.

Shares of Carrizo Oil & Gas stock opened at $25.51 on Wednesday. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $2.13 billion, a P/E ratio of 17.84 and a beta of 2.20. Carrizo Oil & Gas has a 1 year low of $13.49 and a 1 year high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Monday, August 6th. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.12. The company had revenue of $264.00 million during the quarter, compared to analyst estimates of $230.08 million. Carrizo Oil & Gas had a net margin of 5.84% and a return on equity of 52.59%. Carrizo Oil & Gas’s quarterly revenue was up 58.6% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. equities research analysts expect that Carrizo Oil & Gas will post 3 earnings per share for the current fiscal year.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $27.43, for a total transaction of $219,440.00. Following the transaction, the insider now owns 187,076 shares of the company’s stock, valued at $5,131,494.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the insider now directly owns 195,076 shares in the company, valued at approximately $5,856,181.52. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock valued at $770,520 over the last quarter. Company insiders own 5.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in Carrizo Oil & Gas by 91.0% during the second quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the oil and gas producer’s stock valued at $156,000 after acquiring an additional 2,680 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Carrizo Oil & Gas by 7.1% in the second quarter. Aperio Group LLC now owns 43,010 shares of the oil and gas producer’s stock worth $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% in the first quarter. Swiss National Bank now owns 141,739 shares of the oil and gas producer’s stock worth $2,268,000 after purchasing an additional 3,000 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Carrizo Oil & Gas by 25.4% in the second quarter. Raymond James & Associates now owns 19,080 shares of the oil and gas producer’s stock worth $531,000 after purchasing an additional 3,861 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Carrizo Oil & Gas by 27.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 19,302 shares of the oil and gas producer’s stock worth $309,000 after purchasing an additional 4,184 shares during the last quarter.

Carrizo Oil & Gas Company Profile

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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