Shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) have received an average recommendation of “Buy” from the twenty-two brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $40.53.

A number of research firms have recently weighed in on CRZO. BidaskClub downgraded shares of Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Robert W. Baird dropped their price target on shares of Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 24th. BMO Capital Markets set a $20.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Monday, June 26th. Royal Bank Of Canada set a $40.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, May 11th. Finally, Williams Capital set a $35.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Tuesday.

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In other Carrizo Oil & Gas news, Director Frank A. Wojtek sold 2,800 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total transaction of $67,872.00. Following the completion of the sale, the director now directly owns 30,008 shares in the company, valued at $727,393.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.00% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd raised its position in shares of Carrizo Oil & Gas by 1,014.9% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 3,207 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 980 shares in the last quarter. Elkfork Partners LLC raised its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock worth $135,000 after buying an additional 1,190 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Carrizo Oil & Gas during the first quarter worth approximately $150,000. Finally, State of Alaska Department of Revenue raised its position in shares of Carrizo Oil & Gas by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,760 shares of the oil and gas producer’s stock worth $193,000 after buying an additional 120 shares in the last quarter. 89.12% of the stock is owned by institutional investors and hedge funds.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded down 3.97% on Tuesday, reaching $13.56. The company had a trading volume of 9,720,514 shares. The stock’s market capitalization is $892.34 million. The company has a 50 day moving average price of $16.17 and a 200 day moving average price of $25.31. Carrizo Oil & Gas has a 52-week low of $12.73 and a 52-week high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. Carrizo Oil & Gas had a negative net margin of 63.08% and a negative return on equity of 128.17%. The business had revenue of $166.50 million for the quarter, compared to the consensus estimate of $163.22 million. During the same period in the prior year, the business posted $0.29 earnings per share. Carrizo Oil & Gas’s revenue for the quarter was up 55.2% compared to the same quarter last year. On average, equities research analysts anticipate that Carrizo Oil & Gas will post $0.91 earnings per share for the current year.

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.

Analyst Recommendations for Carrizo Oil & Gas (NASDAQ:CRZO)

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