Carrizo Oil & Gas (NASDAQ: CRZO) recently received a number of ratings updates from brokerages and research firms:

  • 7/25/2017 – Carrizo Oil & Gas was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/24/2017 – Carrizo Oil & Gas was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, exploitation and production of oil and natural gas primarily in proven trends in the Barnett Shale area in North Texas and along the Texas and Louisiana onshore Gulf Coast regions. Carrizo controls significant prospective acreage blocks and utilizes advanced three-D seismic techniques to identify potential oil and gas reserves and drilling opportunities. “
  • 7/20/2017 – Carrizo Oil & Gas was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating. They now have a $21.00 price target on the stock, down previously from $30.00.
  • 7/18/2017 – Carrizo Oil & Gas was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, exploitation and production of oil and natural gas primarily in proven trends in the Barnett Shale area in North Texas and along the Texas and Louisiana onshore Gulf Coast regions. Carrizo controls significant prospective acreage blocks and utilizes advanced three-D seismic techniques to identify potential oil and gas reserves and drilling opportunities. “
  • 7/5/2017 – Carrizo Oil & Gas was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/30/2017 – Carrizo Oil & Gas had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $32.00 price target on the stock.
  • 6/26/2017 – Carrizo Oil & Gas was given a new $20.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 6/22/2017 – Carrizo Oil & Gas was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/21/2017 – Carrizo Oil & Gas was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “sell” rating.
  • 6/14/2017 – Carrizo Oil & Gas was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, May 9th. The oil and gas producer reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The business had revenue of $151.36 million for the quarter, compared to analyst estimates of $147.19 million. Carrizo Oil & Gas had a negative return on equity of 128.17% and a negative net margin of 63.08%. Carrizo Oil & Gas’s quarterly revenue was up 86.3% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share.

In other news, Director Frank A. Wojtek sold 2,800 shares of Carrizo Oil & Gas stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $24.24, for a total value of $67,872.00. Following the completion of the transaction, the director now directly owns 30,008 shares in the company, valued at $727,393.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 6.00% of the company’s stock.

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.

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