Northland Securities lowered shares of Carrizo Oil & Gas (NASDAQ:CRZO) from an outperform rating to a market perform rating in a report published on Thursday, The Fly reports. They currently have $11.00 price target on the oil and gas producer’s stock, down from their prior price target of $25.00.

Other analysts also recently issued reports about the stock. Wells Fargo & Co downgraded shares of Occidental Petroleum from an outperform rating to a market perform rating in a report on Monday, May 20th. MKM Partners restated a neutral rating and issued a $11.00 target price (down from $19.00) on shares of Carrizo Oil & Gas in a report on Tuesday, July 16th. Capital One Financial downgraded shares of Cimarex Energy from an overweight rating to an equal weight rating in a report on Wednesday, March 20th. Ifs Securities upgraded shares of SRC Energy from an outperform rating to a strong-buy rating in a report on Tuesday, April 23rd. Finally, Raymond James restated a reduce rating and issued a $48.00 target price (up from $45.00) on shares of Hancock Whitney in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $20.28.

Shares of NASDAQ CRZO opened at $9.45 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $874.17 million, a P/E ratio of 3.40, a P/E/G ratio of 0.13 and a beta of 2.14. The company has a fifty day moving average of $9.96. Carrizo Oil & Gas has a 52-week low of $8.64 and a 52-week high of $29.58.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly 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. The company had revenue of $233.04 million for the quarter, compared to the consensus estimate of $228.41 million. Carrizo Oil & Gas had a net margin of 49.20% and a return on equity of 32.14%. Carrizo Oil & Gas’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS. As a group, equities analysts anticipate 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 Carrizo Oil & Gas stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $10.85, for a total transaction of $86,800.00. Following the completion of the transaction, the insider now directly owns 187,221 shares of the company’s stock, valued at approximately $2,031,347.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 24,000 shares of company stock valued at $259,600. 4.80% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Carrizo Oil & Gas by 1.9% in the 4th quarter. BlackRock Inc. now owns 12,685,504 shares of the oil and gas producer’s stock worth $143,221,000 after purchasing an additional 236,180 shares during the period. Macquarie Group Ltd. lifted its position in shares of Carrizo Oil & Gas by 20.7% in the 4th quarter. Macquarie Group Ltd. now owns 3,398,233 shares of the oil and gas producer’s stock worth $38,367,000 after purchasing an additional 583,225 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Carrizo Oil & Gas by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,136,313 shares of the oil and gas producer’s stock worth $35,409,000 after purchasing an additional 140,059 shares during the period. Principal Financial Group Inc. lifted its position in shares of Carrizo Oil & Gas by 10.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,446,083 shares of the oil and gas producer’s stock worth $16,326,000 after purchasing an additional 134,799 shares during the period. Finally, Clearbridge Investments LLC purchased a new stake in shares of Carrizo Oil & Gas in the 1st quarter worth approximately $14,487,000.

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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