BidaskClub upgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a sell rating to a hold rating in a report published on Tuesday, BidAskClub reports.

Several other brokerages have also recently issued reports on CRZO. Ifs Securities cut shares of Carrizo Oil & Gas from an outperform rating to a market perform rating and lowered their price objective for the stock from $15.00 to $13.00 in a research note on Tuesday, April 23rd. Cowen began coverage on shares of Carrizo Oil & Gas in a research note on Tuesday, April 9th. They issued a market perform rating and a $16.00 price objective on the stock. Zacks Investment Research raised shares of Carrizo Oil & Gas from a hold rating to a buy rating and set a $15.00 price objective on the stock in a research note on Thursday, April 25th. Wells Fargo & Co began coverage on shares of Carrizo Oil & Gas in a research note on Monday, May 20th. They issued a market perform rating and a $15.00 price objective on the stock. Finally, Stephens began coverage on shares of Carrizo Oil & Gas in a research note on Thursday, March 28th. They issued an equal weight rating and a $15.00 price objective on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. Carrizo Oil & Gas has a consensus rating of Hold and an average target price of $22.03.

CRZO stock opened at $9.55 on Tuesday. Carrizo Oil & Gas has a 52 week low of $9.23 and a 52 week high of $31.57. The stock has a market cap of $857.52 million, a price-to-earnings ratio of 3.44, a P/E/G ratio of 0.12 and a beta of 2.29. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.26 and a current ratio of 0.26.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.07. The company had revenue of $233.04 million for the quarter, compared to analysts’ expectations of $228.41 million. Carrizo Oil & Gas had a net margin of 49.20% and a return on equity of 32.14%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. On average, research analysts expect that Carrizo Oil & Gas will post 2.88 EPS for the current year.

In other news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $12.78, for a total value of $102,240.00. Following the transaction, the insider now directly owns 211,221 shares of the company’s stock, valued at $2,699,404.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory F. Conaway sold 5,644 shares of Carrizo Oil & Gas stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $12.11, for a total transaction of $68,348.84. Following the completion of the transaction, the vice president now directly owns 29,552 shares in the company, valued at $357,874.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,523 shares of company stock worth $1,491,834. 4.80% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in CRZO. Affinity Investment Advisors LLC grew its position in Carrizo Oil & Gas by 3.8% during the fourth quarter. Affinity Investment Advisors LLC now owns 21,853 shares of the oil and gas producer’s stock valued at $247,000 after purchasing an additional 800 shares in the last quarter. Mason Street Advisors LLC grew its position in Carrizo Oil & Gas by 3.4% during the first quarter. Mason Street Advisors LLC now owns 27,367 shares of the oil and gas producer’s stock valued at $341,000 after purchasing an additional 904 shares in the last quarter. Advisor Group Inc. grew its position in Carrizo Oil & Gas by 13.6% during the first quarter. Advisor Group Inc. now owns 8,332 shares of the oil and gas producer’s stock valued at $103,000 after purchasing an additional 999 shares in the last quarter. Piedmont Investment Advisors Inc. grew its position in Carrizo Oil & Gas by 5.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 21,513 shares of the oil and gas producer’s stock valued at $268,000 after purchasing an additional 1,196 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in Carrizo Oil & Gas by 24.8% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,058 shares of the oil and gas producer’s stock valued at $69,000 after purchasing an additional 1,205 shares in the last quarter.

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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