BidaskClub lowered shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) from a sell rating to a strong sell rating in a research note released on Tuesday.

CRZO has been the subject of a number of other research reports. Scotiabank set a $48.00 price objective on Carrizo Oil & Gas and gave the company a buy rating in a report on Monday, March 27th. Mizuho reiterated a buy rating and issued a $32.00 price objective on shares of Carrizo Oil & Gas in a report on Friday, June 30th. BMO Capital Markets set a $20.00 price objective on Carrizo Oil & Gas and gave the company a buy rating in a report on Monday, June 26th. Seaport Global Securities downgraded Carrizo Oil & Gas from a buy rating to a sell rating in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co downgraded Carrizo Oil & Gas from an overweight rating to a neutral rating and dropped their price objective for the company from $30.00 to $21.00 in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $40.72.

Carrizo Oil & Gas (CRZO) traded up 1.38% during trading on Tuesday, hitting $16.11. The company had a trading volume of 3,531,404 shares. The firm has a 50-day moving average of $16.95 and a 200 day moving average of $25.99. The company’s market capitalization is $1.06 billion. Carrizo Oil & Gas has a 12-month low of $14.58 and a 12-month high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Tuesday, May 9th. The oil and gas producer reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $151.36 million during the quarter, compared to the consensus estimate of $147.19 million. Carrizo Oil & Gas had a negative return on equity of 128.17% and a negative net margin of 63.08%. The firm’s revenue was up 86.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 earnings per share. On average, equities research analysts forecast that Carrizo Oil & Gas will post $0.90 earnings per share for the current year.

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In other news, Director Frank A. Wojtek sold 2,800 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $24.24, for a total transaction of $67,872.00. Following the completion of the transaction, the director now directly owns 30,008 shares of the company’s stock, valued at $727,393.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Texas Permanent School Fund boosted its position in shares of Carrizo Oil & Gas by 1.9% in the second quarter. Texas Permanent School Fund now owns 45,163 shares of the oil and gas producer’s stock valued at $787,000 after buying an additional 838 shares during the period. Investment Counselors of Maryland LLC boosted its position in shares of Carrizo Oil & Gas by 52.7% in the second quarter. Investment Counselors of Maryland LLC now owns 761,038 shares of the oil and gas producer’s stock valued at $13,257,000 after buying an additional 262,800 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Carrizo Oil & Gas by 30.1% in the second 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 buying an additional 25,829 shares during the period. NGAM Advisors L.P. boosted its position in shares of Carrizo Oil & Gas by 22.8% in the second quarter. NGAM Advisors L.P. now owns 151,208 shares of the oil and gas producer’s stock valued at $2,634,000 after buying an additional 28,103 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Carrizo Oil & Gas by 4.5% in the second 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 buying an additional 630 shares during the period. 88.17% of the stock is owned by hedge funds and other institutional investors.

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.

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

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