Carrizo Oil & Gas PT Raised to $73.00 (CRZO)
Equities research analysts at Northland Securities boosted their price target on shares of Carrizo Oil & Gas (NASDAQ:CRZO) from $68.00 to $73.00 in a research note issued to investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price target points to a potential upside of 30.99% from the stock’s previous close.
In other Carrizo Oil & Gas news, CAO David Pitts sold 4,028 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $56.00, for a total transaction of $225,568.00. Following the transaction, the chief accounting officer now directly owns 11,797 shares of the company’s stock, valued at approximately $660,632. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Miller Tabak downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday. Separately, analysts at Zacks upgraded shares of Carrizo Oil & Gas from an “underperform” rating to a “neutral” rating in a research note on Monday, April 21st. They now have a $55.20 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Carrizo Oil & Gas from $52.00 to $57.00 in a research note on Monday, April 21st. They now have an “outperform” rating on the stock. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $52.68.
Carrizo Oil & Gas (NASDAQ:CRZO) traded up 3.37% on Tuesday, hitting $57.61. The stock had a trading volume of 1,210,915 shares. Carrizo Oil & Gas has a one year low of $25.61 and a one year high of $56.85. The stock’s 50-day moving average is $52.89 and its 200-day moving average is $45.97. The company has a market cap of $2.620 billion and a price-to-earnings ratio of 52.67.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings data on Tuesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.11. The company had revenue of $150.50 million for the quarter, compared to the consensus estimate of $140.26 million. During the same quarter last year, the company posted $0.54 earnings per share. Carrizo Oil & Gas’s revenue was up 27.3% compared to the same quarter last year. On average, analysts predict that Carrizo Oil & Gas will post $2.57 earnings per share for the current fiscal year.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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