Carrizo Oil & Gas Given Consensus Rating of “Buy” by Analysts (NASDAQ:CRZO)
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) have earned a consensus rating of “Buy” from the eighteen brokerages that are currently covering the stock, Analyst Ratings Network.com reports. Seven investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $65.27.
A number of research firms have recently commented on CRZO. Analysts at Howard Weil raised their price target on shares of Carrizo Oil & Gas from $59.00 to $74.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at Mizuho raised their price target on shares of Carrizo Oil & Gas from $67.00 to $80.00 in a research note on Wednesday, July 2nd. They now have a “buy” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Carrizo Oil & Gas from $67.00 to $84.00 in a research note on Tuesday, July 1st.
Carrizo Oil & Gas (NASDAQ:CRZO) opened at 65.58 on Tuesday. Carrizo Oil & Gas has a 52-week low of $30.15 and a 52-week high of $70.49. The stock’s 50-day moving average is $64.2 and its 200-day moving average is $52.67. The company has a market cap of $2.983 billion and a price-to-earnings ratio of 123.52.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings data 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. Analysts expect that Carrizo Oil & Gas will post $2.85 EPS for the current fiscal year.
In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $69.67, for a total value of $418,020.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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