Northland Capital Partners Increases Carrizo Oil & Gas Price Target to $68.00 (CRZO)
Equities research analysts at Northland Capital Partners hoisted their price target on shares of Carrizo Oil & Gas (NASDAQ:CRZO) from $63.00 to $68.00 in a research note issued to investors on Wednesday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price objective points to a potential upside of 56.68% from the stock’s previous close.
A number of other analysts have also recently weighed in on CRZO. Analysts at Credit Suisse upgraded shares of Carrizo Oil & Gas from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. Separately, analysts at Zacks upgraded shares of Carrizo Oil & Gas from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 22nd. They now have a $44.50 price target on the stock. Finally, analysts at Iberia Capital initiated coverage on shares of Carrizo Oil & Gas in a research note to investors on Friday, December 27th. They set an “outperform” rating and a $55.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $43.35.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 43.40 on Wednesday. Carrizo Oil & Gas has a one year low of $20.15 and a one year high of $47.87. The stock’s 50-day moving average is $42.83 and its 200-day moving average is $39.03. The company has a market cap of $1.776 billion and a price-to-earnings ratio of 19.42.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings data on Monday, November 4th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.02. The company had revenue of $144.32 million for the quarter, compared to the consensus estimate of $146.50 million. During the same quarter last year, the company posted $0.44 earnings per share. Carrizo Oil & Gas’s revenue was up 56.5% compared to the same quarter last year. On average, analysts predict that Carrizo Oil & Gas will post $2.31 earnings per share for the current fiscal year.
In other Carrizo Oil & Gas news, COO John Bradley Fisher unloaded 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the transaction, the chief operating officer now directly owns 57,529 shares of the company’s stock, valued at approximately $2,646,334. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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