Carrizo Oil & Gas Inc. Hits New 52-Week High at $47.87 (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO)’s share price reached a new 52-week high during mid-day trading on Monday, StockRatingsNetwork.com reports. The stock traded as high as $47.87 and last traded at $45.64, with a volume of 945,775 shares traded. The stock had previously closed at $46.80.
CRZO has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Carrizo Oil & Gas from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $48.40 price target on the stock. Separately, analysts at Robert W. Baird initiated coverage on shares of Carrizo Oil & Gas in a research note to investors on Wednesday, October 16th. They set an “outperform” rating and a $50.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.30.
In other Carrizo Oil & Gas news, COO John Bradley Fisher sold 20,000 shares of Carrizo Oil & Gas stock on the open market in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $43.52, for a total value of $870,400.00. Following the completion of the transaction, the chief operating officer now directly owns 77,529 shares in the company, valued at approximately $3,374,062. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Carrizo Oil & Gas has a one year low of $19.47 and a one year high of $46.90. The stock has a 50-day moving average of $38.23 and a 200-day moving average of $31.05. The company has a market cap of $1.867 billion and a P/E ratio of 23.32.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.26 earnings per share. Carrizo Oil & Gas’s revenue was up 60.1% compared to the same quarter last year. Analysts expect that Carrizo Oil & Gas will post $2.65 EPS for the current fiscal year.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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