Carrizo Oil & Gas Inc. (NASDAQ:CRZO) has earned a consensus recommendation of “Buy” from the twenty-three analysts that are covering the firm. Three research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $40.00.

Several equities analysts have commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Carrizo Oil & Gas in a report on Saturday, June 4th. Stifel Nicolaus began coverage on Carrizo Oil & Gas in a research note on Thursday, June 16th. They issued a “buy” rating and a $48.00 price objective on the stock. Zacks Investment Research lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Credit Suisse Group AG reiterated a “buy” rating and issued a $42.00 price objective on shares of Carrizo Oil & Gas in a research note on Thursday, August 11th. Finally, Jefferies Group reiterated a “buy” rating on shares of Carrizo Oil & Gas in a research note on Thursday, August 11th.

Carrizo Oil & Gas (NASDAQ:CRZO) traded down 1.72% during mid-day trading on Tuesday, hitting $33.62. The stock had a trading volume of 681,951 shares. The stock has a 50 day moving average of $36.27 and a 200-day moving average of $34.84. The firm’s market cap is $1.98 billion. Carrizo Oil & Gas has a 1-year low of $16.10 and a 1-year high of $43.97.

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Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.13 by $0.16. The firm earned $107.30 million during the quarter, compared to analysts’ expectations of $119.67 million. Carrizo Oil & Gas had a positive return on equity of 19.03% and a negative net margin of 421.40%. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. Analysts predict that Carrizo Oil & Gas will post $1.09 EPS for the current fiscal year.

In related news, Director Roger A. Ramsey sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $39.86, for a total transaction of $39,860.00. Following the sale, the director now owns 33,450 shares of the company’s stock, valued at approximately $1,333,317. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider S P. Iv Johnson sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $39.68, for a total value of $238,080.00. Following the sale, the insider now directly owns 601,717 shares in the company, valued at approximately $23,876,130.56. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Capital Research Global Investors increased its stake in shares of Carrizo Oil & Gas by 31.6% in the second quarter. Capital Research Global Investors now owns 5,176,973 shares of the company’s stock valued at $185,594,000 after buying an additional 1,242,353 shares during the last quarter. FMR LLC increased its stake in shares of Carrizo Oil & Gas by 34.1% in the second quarter. FMR LLC now owns 4,189,558 shares of the company’s stock valued at $150,196,000 after buying an additional 1,065,521 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Carrizo Oil & Gas during the first quarter valued at approximately $19,196,000. Glenmede Trust Co. NA increased its stake in shares of Carrizo Oil & Gas by 111.2% in the first quarter. Glenmede Trust Co. NA now owns 910,136 shares of the company’s stock valued at $28,140,000 after buying an additional 479,205 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management increased its stake in shares of Carrizo Oil & Gas by 1,202.6% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 449,689 shares of the company’s stock valued at $16,122,000 after buying an additional 415,166 shares during the last quarter.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

5 Day Chart for NASDAQ:CRZO

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