Carrizo Oil & Gas Upgraded by BMO Capital Markets to “Outperform” (CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $70.00 price target on the stock. BMO Capital Markets’ price objective suggests a potential upside of 15.93% from the company’s current price.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded down 2.00% during mid-day trading on Tuesday, hitting $59.17. 833,163 shares of the company’s stock traded hands. Carrizo Oil & Gas has a one year low of $32.07 and a one year high of $70.49. The stock has a 50-day moving average of $65. and a 200-day moving average of $55.64. The company’s market cap is $2.723 billion.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.02. The company had revenue of $193.50 million for the quarter, compared to the consensus estimate of $172.42 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 33.3% on a year-over-year basis. Analysts expect that Carrizo Oil & Gas will post $2.78 EPS for the current fiscal year.
In other Carrizo Oil & Gas news, COO John Bradley Fisher sold 4,000 shares of the stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $60.53, for a total transaction of $242,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
CRZO has been the subject of a number of other recent research reports. Analysts at Northland Securities raised their price target on shares of Carrizo Oil & Gas from $76.00 to $83.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Separately, analysts at KLR Group upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, August 6th. They now have a $80.00 price target on the stock, up previously from $73.00. Finally, analysts at Zacks upgraded shares of Carrizo Oil & Gas from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $70.30 price target on the stock. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Carrizo Oil & Gas currently has an average rating of “Buy” and a consensus price target of $68.32.
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.