Carrizo Oil & Gas Price Target Increased to $76.00 by Analysts at Northland Securities (CRZO)
Equities researchers at Northland Securities upped their target price on shares of Carrizo Oil & Gas (NASDAQ:CRZO) from $73.00 to $76.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. Northland Securities’ price target points to a potential upside of 13.81% from the stock’s previous close.
A number of other analysts have also recently weighed in on CRZO. Analysts at MLV & Co
raised their price target on shares of Carrizo Oil & Gas from $70.00 to $75.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Carrizo Oil & Gas from $60.00 to $65.00 in a research note on Friday, May 9th. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Carrizo Oil & Gas in a research note on Wednesday, May 7th. They now have a $57.00 price target on the stock, up previously from $53.00. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Carrizo Oil & Gas currently has a consensus rating of “Buy” and a consensus target price of $57.45.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 66.78 on Thursday. Carrizo Oil & Gas has a one year low of $26.86 and a one year high of $67.10. The stock has a 50-day moving average of $58.62 and a 200-day moving average of $49.58. The company has a market cap of $3.038 billion and a P/E ratio of 117.26.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Tuesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, analysts predict that Carrizo Oil & Gas will post $2.74 earnings per share for the current fiscal year.
In other Carrizo Oil & Gas news, VP Gregory E. Evans sold 7,500 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $62.80, for a total value of $471,000.00. The sale 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.
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.