Carrizo Oil & Gas Receives Average Rating of “Buy” from Analysts (NASDAQ:CRZO)
Carrizo Oil & Gas (NASDAQ:CRZO) has received an average rating of “Buy” from the nineteen brokerages that are presently covering the company, AnalystRatingsNetwork reports. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $68.32.
A number of research firms have recently commented on CRZO. Analysts at BMO Capital Markets upgraded shares of Carrizo Oil & Gas from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 12th. They now have a $70.00 price target on the stock. Separately, 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. Finally, 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.
Carrizo Oil & Gas (NASDAQ:CRZO) traded up 1.81% during mid-day trading on Tuesday, hitting $59.04. 142,006 shares of the company’s stock traded hands. Carrizo Oil & Gas has a 52-week low of $32.07 and a 52-week high of $70.49. The stock’s 50-day moving average is $64.12 and its 200-day moving average is $56.19. The company’s market cap is $2.717 billion.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Tuesday, August 5th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.61 earnings per share. Carrizo Oil & Gas’s revenue was up 33.3% compared to the same quarter last year. Analysts expect that Carrizo Oil & Gas will post $2.79 EPS for the current fiscal year.
In other Carrizo Oil & Gas news, CEO S P. Iv Johnson unloaded 4,302 shares of Carrizo Oil & Gas stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $56.24, for a total value of $241,944.48. The transaction was disclosed in a filing with the SEC, which is available at this link.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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