Carrizo Oil & Gas (NASDAQ:CRZO) was downgraded by equities researchers at Raymond James from a “strong-buy” rating to a “market perform” rating in a report released on Wednesday, MarketBeat reports.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group set a $189.00 target price on salesforce.com and gave the company a “buy” rating in a research note on Monday. BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Wells Fargo & Co cut Occidental Petroleum from an “outperform” rating to a “market perform” rating in a research note on Monday, May 20th. Cowen set a $27.00 price objective on Schnitzer Steel Industries and gave the stock a “hold” rating in a research report on Tuesday, April 9th. Finally, Capital One Financial cut Cimarex Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.28.

NASDAQ:CRZO traded up $0.08 on Wednesday, reaching $9.66. The company’s stock had a trading volume of 686,704 shares, compared to its average volume of 6,466,017. Carrizo Oil & Gas has a 1-year low of $8.64 and a 1-year high of $29.58. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.55. The stock has a market cap of $960.20 million, a price-to-earnings ratio of 3.47, a PEG ratio of 0.14 and a beta of 2.14. The stock’s 50-day moving average price is $9.99.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Tuesday, May 7th. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Carrizo Oil & Gas had a return on equity of 32.14% and a net margin of 49.20%. The firm had revenue of $233.04 million during the quarter, compared to analysts’ expectations of $228.41 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast that Carrizo Oil & Gas will post 2.74 earnings per share for the current fiscal year.

In related news, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $10.85, for a total transaction of $86,800.00. Following the sale, the insider now owns 187,221 shares in the company, valued at $2,031,347.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 24,000 shares of company stock worth $259,600 in the last quarter. 4.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRZO. Advisory Services Network LLC bought a new stake in Carrizo Oil & Gas in the fourth quarter valued at approximately $90,000. Ellis Investment Partners LLC raised its stake in Carrizo Oil & Gas by 23.1% in the first quarter. Ellis Investment Partners LLC now owns 89,788 shares of the oil and gas producer’s stock valued at $1,119,000 after buying an additional 16,837 shares during the period. Alps Advisors Inc. bought a new stake in Carrizo Oil & Gas in the first quarter valued at approximately $461,000. Tortoise Capital Advisors L.L.C. raised its stake in Carrizo Oil & Gas by 50.2% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 410,080 shares of the oil and gas producer’s stock valued at $5,114,000 after buying an additional 137,000 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Carrizo Oil & Gas by 20.7% in the fourth quarter. Macquarie Group Ltd. now owns 3,398,233 shares of the oil and gas producer’s stock valued at $38,367,000 after buying an additional 583,225 shares during the period.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

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

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