Carrizo Oil & Gas Price Target Increased to $57.00 by Analysts at SunTrust (CRZO)
Analysts at SunTrust raised their price objective on shares of Carrizo Oil & Gas (NASDAQ:CRZO) from $52.00 to $57.00 in a research report issued to clients and investors on Wednesday, ARN reports. SunTrust’s target price would suggest a potential upside of 18.26% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at MLV Capital raised their price target on shares of Carrizo Oil & Gas from $62.00 to $67.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Northland Securities raised their price target on shares of Carrizo Oil & Gas from $63.00 to $68.00 in a research note on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $47.12.
Carrizo Oil & Gas (NASDAQ:CRZO) traded up 1.33% on Wednesday, hitting $48.84. 2,063,201 shares of the company’s stock traded hands. Carrizo Oil & Gas has a one year low of $22.34 and a one year high of $49.08. The stock has a 50-day moving average of $42.92 and a 200-day moving average of $40.59. The company has a market cap of $1.999 billion and a P/E ratio of 22.58.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings data on Tuesday, February 25th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.02. The company had revenue of $131.94 million for the quarter, compared to the consensus estimate of $136.33 million. Analysts expect that Carrizo Oil & Gas will post $2.42 EPS for the current fiscal year.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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