Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) fell 2.8% during trading on Tuesday . The company traded as low as $18.32 and last traded at $19.50. 2,744,600 shares were traded during mid-day trading, an increase of 1% from the average session volume of 2,720,375 shares. The stock had previously closed at $20.06.

A number of equities research analysts have recently issued reports on CRZO shares. Royal Bank Of Canada reissued an “outperform” rating and set a $23.00 price objective (up previously from $20.00) on shares of Carrizo Oil & Gas in a research report on Thursday, November 9th. SunTrust Banks, Inc. reissued a “buy” rating and set a $24.00 price objective on shares of Carrizo Oil & Gas in a research report on Friday. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Williams Capital reissued a “buy” rating and set a $26.00 price objective on shares of Carrizo Oil & Gas in a research report on Wednesday, November 8th. Finally, BMO Capital Markets set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.17.

The firm has a market capitalization of $1,530.00, a PE ratio of 16.05 and a beta of 2.20. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 4.38.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $181.28 million for the quarter, compared to analysts’ expectations of $177.97 million. During the same period in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 63.1% on a year-over-year basis. equities research analysts predict that Carrizo Oil & Gas, Inc. will post 1.13 earnings per share for the current year.

In other news, Director Steven A. Webster acquired 151,900 shares of the stock in a transaction on Wednesday, August 16th. The stock was bought at an average price of $13.56 per share, with a total value of $2,059,764.00. Following the completion of the transaction, the director now directly owns 2,724,410 shares of the company’s stock, valued at $36,942,999.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Webster acquired 75,000 shares of the stock in a transaction on Friday, September 8th. The stock was purchased at an average cost of $11.70 per share, with a total value of $877,500.00. Following the transaction, the director now directly owns 2,786,310 shares of the company’s stock, valued at $32,599,827. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 326,900 shares of company stock worth $4,163,764. Corporate insiders own 6.00% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Kings Point Capital Management grew its position in shares of Carrizo Oil & Gas by 220.0% during the second quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after buying an additional 5,500 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Carrizo Oil & Gas by 47.4% during the second quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock valued at $141,000 after purchasing an additional 2,611 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Carrizo Oil & Gas by 15.0% during the second quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock valued at $157,000 after purchasing an additional 1,177 shares in the last quarter. Amalgamated Bank bought a new stake in Carrizo Oil & Gas in the third quarter worth about $182,000. Finally, First Interstate Bank raised its position in Carrizo Oil & Gas by 40.6% in the second quarter. First Interstate Bank now owns 11,740 shares of the oil and gas producer’s stock worth $205,000 after acquiring an additional 3,390 shares in the last quarter.

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Carrizo Oil & Gas Company Profile

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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