JPMorgan Chase & Co. lowered shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a neutral rating to an underweight rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has $20.00 price target on the oil and gas producer’s stock, down from their prior price target of $27.00.

CRZO has been the topic of several other reports. KLR Group reiterated a buy rating and issued a $35.00 price target on shares of Carrizo Oil & Gas in a research report on Monday, August 20th. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a hold rating to a buy rating and set a $20.00 price target on the stock in a research report on Thursday, October 25th. BidaskClub upgraded shares of Carrizo Oil & Gas from a hold rating to a buy rating in a research report on Wednesday, September 26th. MKM Partners assumed coverage on shares of Carrizo Oil & Gas in a research report on Wednesday, December 5th. They issued a buy rating and a $27.00 price target on the stock. Finally, Raymond James increased their price target on shares of Carrizo Oil & Gas from $43.00 to $44.00 and gave the company a strong-buy rating in a research report on Thursday, September 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Carrizo Oil & Gas has a consensus rating of Buy and an average target price of $28.47.

Shares of CRZO opened at $14.62 on Friday. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 10.22 and a beta of 2.32. Carrizo Oil & Gas has a twelve month low of $13.49 and a twelve month high of $31.57. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 1.84.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Monday, November 5th. The oil and gas producer reported $0.94 EPS for the quarter, beating the consensus estimate of $0.79 by $0.15. The business had revenue of $303.40 million for the quarter, compared to analyst estimates of $265.34 million. Carrizo Oil & Gas had a net margin of 12.23% and a return on equity of 56.06%. The company’s quarterly revenue was up 67.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. Equities analysts anticipate that Carrizo Oil & Gas will post 3.12 EPS for the current year.

In related news, CEO S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $17.60, for a total transaction of $140,800.00. Following the transaction, the chief executive officer now owns 155,076 shares of the company’s stock, valued at $2,729,337.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Bradley Fisher sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $25.01, for a total transaction of $187,575.00. Following the transaction, the chief operating officer now directly owns 157,436 shares in the company, valued at approximately $3,937,474.36. The disclosure for this sale can be found here. Insiders have sold 31,500 shares of company stock worth $697,495 in the last three months. Insiders own 5.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Carrizo Oil & Gas by 14.4% during the third quarter. BlackRock Inc. now owns 12,449,324 shares of the oil and gas producer’s stock valued at $313,723,000 after buying an additional 1,569,126 shares during the period. Vanguard Group Inc. raised its stake in Carrizo Oil & Gas by 22.1% during the third quarter. Vanguard Group Inc. now owns 9,032,268 shares of the oil and gas producer’s stock worth $227,614,000 after purchasing an additional 1,633,508 shares during the period. LSV Asset Management raised its stake in Carrizo Oil & Gas by 1.1% during the third quarter. LSV Asset Management now owns 4,127,585 shares of the oil and gas producer’s stock worth $104,015,000 after purchasing an additional 45,135 shares during the period. Zimmer Partners LP purchased a new position in Carrizo Oil & Gas during the third quarter worth approximately $76,860,000. Finally, Dimensional Fund Advisors LP raised its stake in Carrizo Oil & Gas by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,996,254 shares of the oil and gas producer’s stock worth $75,506,000 after purchasing an additional 45,276 shares during the period.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of 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 Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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

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