Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has been assigned a $35.00 target price by Williams Capital in a report issued on Tuesday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Williams Capital’s target price would suggest a potential upside of 147.88% from the stock’s current price.

Other analysts have also issued research reports about the company. Mizuho reiterated a “buy” rating and issued a $32.00 target price on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. BMO Capital Markets set a $20.00 price target on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday, June 26th. Jefferies Group LLC set a $36.00 price target on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, May 17th. Royal Bank Of Canada set a $40.00 price target on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Thursday, May 11th. Finally, Zacks Investment Research upgraded Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Carrizo Oil & Gas presently has an average rating of “Buy” and an average target price of $40.33.

Shares of Carrizo Oil & Gas (CRZO) traded down 6.02% on Tuesday, reaching $13.27. 2,781,107 shares of the company’s stock were exchanged. The stock’s market cap is $873.26 million. Carrizo Oil & Gas has a one year low of $12.89 and a one year high of $43.96. The company’s 50 day moving average is $16.65 and its 200-day moving average is $25.54.

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

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In related news, Director Frank A. Wojtek sold 2,800 shares of Carrizo Oil & Gas stock in a transaction dated Tuesday, May 16th. The stock was 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 owns 30,008 shares of the company’s stock, valued at $727,393.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted 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 valued at $193,000 after buying an additional 120 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Carrizo Oil & Gas by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,990 shares of the oil and gas producer’s stock valued at $401,000 after buying an additional 140 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Carrizo Oil & Gas by 2.2% in the first quarter. Blair William & Co. IL now owns 8,390 shares of the oil and gas producer’s stock valued at $242,000 after buying an additional 181 shares in the last quarter. Chicago Equity Partners LLC boosted its position in shares of Carrizo Oil & Gas by 1.5% in the first quarter. Chicago Equity Partners LLC now owns 16,705 shares of the oil and gas producer’s stock valued at $479,000 after buying an additional 250 shares in the last quarter. Finally, First Midwest Bank Trust Division boosted its position in shares of Carrizo Oil & Gas by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 8,681 shares of the oil and gas producer’s stock valued at $249,000 after buying an additional 280 shares in the last quarter. Institutional investors own 89.12% of the company’s stock.

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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