Carrizo Oil & Gas Now Covered by Analysts at Robert W. Baird (CRZO)
Analysts at Robert W. Baird began coverage on shares of Carrizo Oil & Gas (NASDAQ:CRZO) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on CRZO. Analysts at Sterne Agee initiated coverage on shares of Carrizo Oil & Gas in a research note to investors on Friday, October 4th. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Miller Tabak initiated coverage on shares of Carrizo Oil & Gas in a research note to investors on Monday, September 23rd. They set a “buy” rating and a $46.00 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of Carrizo Oil & Gas from $32.00 to $45.00 in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $35.77.
Carrizo Oil & Gas (NASDAQ:CRZO) traded up 2.57% during mid-day trading on Wednesday, hitting $44.63. 410,040 shares of the company’s stock traded hands. Carrizo Oil & Gas has a 1-year low of $19.47 and a 1-year high of $44.13. The stock’s 50-day moving average is $37.23 and its 200-day moving average is $30.69. The company has a market cap of $1.824 billion and a P/E ratio of 21.68.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.08. The company had revenue of $134.22 million for the quarter, compared to the consensus estimate of $128.73 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 60.1% on a year-over-year basis. On average, analysts predict that Carrizo Oil & Gas will post $2.62 earnings per share for the current fiscal year.
In other Carrizo Oil & Gas news, VP Gregory Evans unloaded 13,333 shares of the company’s stock on the open market in a transaction dated Thursday, October 10th. The shares were sold at an average price of $41.78, for a total transaction of $557,052.74. Following the sale, the vice president now directly owns 52,574 shares in the company, valued at approximately $2,196,542. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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