Carrizo Oil & Gas Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:CRZO)
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) have been given an average rating of “Buy” by the twenty ratings firms that are currently covering the stock, AnalystRatings.Net reports. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $68.32.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 58.32 on Tuesday. Carrizo Oil & Gas has a 1-year low of $32.80 and a 1-year high of $70.49. The stock has a 50-day moving average of $62.9 and a 200-day moving average of $56.58. The company’s market cap is $2.684 billion.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings data 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. On average, analysts predict that Carrizo Oil & Gas will post $2.79 earnings per share for the current fiscal year.
In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 4,302 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $56.24, for a total transaction of $241,944.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CRZO. Analysts at Tudor Pickering upgraded shares of Carrizo Oil & Gas from a “hold” rating to an “accumulate” rating in a research note on Tuesday. Separately, 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. Finally, 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.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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