Carrizo Oil & Gas Price Target Raised to $62.00 at MLV Capital (CRZO)
Research analysts at MLV Capital increased their price objective on shares of Carrizo Oil & Gas (NASDAQ:CRZO) from $60.00 to $62.00 in a report released on Thursday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. MLV Capital’s price target suggests a potential upside of 45.00% from the company’s current price.
Carrizo Oil & Gas (NASDAQ:CRZO) traded up 0.35% on Thursday, hitting $42.759. The stock had a trading volume of 1,298,976 shares. Carrizo Oil & Gas has a 1-year low of $20.15 and a 1-year high of $47.87. The stock has a 50-day moving average of $42.92 and a 200-day moving average of $39.0. The company has a market cap of $1.750 billion and a price-to-earnings ratio of 19.96.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Monday, November 4th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the 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 in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis. Analysts expect that Carrizo Oil & Gas will post $2.31 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities raised their price target on shares of Carrizo Oil & Gas from $63.00 to $68.00 in a research note to investors on Wednesday. Separately, analysts at Northland Capital Partners raised their price target on shares of Carrizo Oil & Gas from $63.00 to $68.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, 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. They now have a $45.00 price target on the stock, up previously from $37.00. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $43.83.
In other Carrizo Oil & Gas news, COO John Bradley Fisher sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of 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 document filed with the SEC, which is available at this link.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.