Shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) traded up 3.1% on Wednesday . The company traded as high as $35.15 and last traded at $34.49, with a volume of 720,324 shares. The stock had previously closed at $33.44.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, July 6th. Canaccord Genuity reiterated a “buy” rating and set a $44.00 target price on shares of Carrizo Oil & Gas in a report on Friday, August 5th. FBR & Co set a $49.00 target price on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Friday, August 5th. Stifel Nicolaus reiterated a “buy” rating on shares of Carrizo Oil & Gas in a report on Wednesday, August 31st. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Carrizo Oil & Gas in a report on Sunday, July 10th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Carrizo Oil & Gas presently has an average rating of “Buy” and an average target price of $39.64.

The firm’s 50 day moving average is $36.38 and its 200 day moving average is $34.89. The stock’s market capitalization is $2.06 billion.

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

In other Carrizo Oil & Gas news, Director Roger A. Ramsey sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $39.86, for a total value of $39,860.00. Following the completion of the sale, the director now directly owns 33,450 shares of the company’s stock, valued at approximately $1,333,317. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider S P. Iv Johnson sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $39.68, for a total transaction of $238,080.00. Following the completion of the sale, the insider now directly owns 601,717 shares of the company’s stock, valued at $23,876,130.56. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its stake in Carrizo Oil & Gas by 9.1% in the second quarter. Macquarie Group Ltd. now owns 690,577 shares of the company’s stock valued at $24,757,000 after buying an additional 57,410 shares during the period. Mason Street Advisors LLC bought a new stake in Carrizo Oil & Gas during the second quarter valued at about $383,000. Royal Bank of Canada boosted its stake in Carrizo Oil & Gas by 13.1% in the second quarter. Royal Bank of Canada now owns 356,104 shares of the company’s stock valued at $12,767,000 after buying an additional 41,324 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Carrizo Oil & Gas by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 41,572 shares of the company’s stock valued at $1,490,000 after buying an additional 438 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in Carrizo Oil & Gas by 9.3% in the second quarter. Sterling Capital Management LLC now owns 411,781 shares of the company’s stock valued at $14,762,000 after buying an additional 35,000 shares during the period.

Carrizo Oil & Gas Company Profile

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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