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Carrizo Oil & Gas (NASDAQ:CRZO) hit a new 52-week high during mid-day trading on Monday after SunTrust raised their price target on the stock from $66.00 to $80.00, Analyst RN reports. SunTrust currently has a buy rating on the stock. Carrizo Oil & Gas traded as high as $69.39 and last traded at $68.76, with a volume of 538,218 shares trading hands. The stock had previously closed at $67.88.

Several other analysts have also recently commented on the stock. Analysts at Imperial Capital raised their price target on shares of Carrizo Oil & Gas from $65.00 to $82.00 in a research note on Tuesday, June 24th. They now have an “outperform” rating on the stock. Separately, analysts at Northland Securities raised their price target on shares of Carrizo Oil & Gas from $73.00 to $76.00 in a research note on Thursday, June 19th. They now have an “outperform” rating on the stock. Finally, 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, June 19th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $61.04.

The stock’s 50-day moving average is $60.96 and its 200-day moving average is $50.89. The company has a market cap of $3.152 billion and a P/E ratio of 123.87.

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. Analysts expect that Carrizo Oil & Gas will post $2.77 EPS for the current fiscal year.

Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.

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