Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) was downgraded by equities research analysts at Mizuho from a “buy” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat reports. They presently have a $17.00 price objective on the oil and gas producer’s stock, down from their previous price objective of $32.00. Mizuho’s target price points to a potential upside of 49.38% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on CRZO. Royal Bank Of Canada set a $40.00 target price on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Thursday, May 11th. Robert W. Baird decreased their target price on shares of Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 24th. Jefferies Group LLC set a $36.00 target price on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Wednesday, May 17th. BidaskClub raised shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $38.00 target price on shares of Carrizo Oil & Gas in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $38.47.

Carrizo Oil & Gas (NASDAQ CRZO) opened at 11.38 on Thursday. The firm’s market capitalization is $926.80 million. The company’s 50-day moving average is $13.92 and its 200-day moving average is $21.58. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The firm had revenue of $166.50 million for the quarter, compared to analysts’ expectations of $163.22 million. During the same period in the prior year, the company earned $0.29 EPS. The firm’s revenue was up 55.2% on a year-over-year basis. Equities analysts predict that Carrizo Oil & Gas will post $1.07 earnings per share for the current year.

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In other Carrizo Oil & Gas news, Director Steven A. Webster acquired 151,900 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $13.56 per share, with a total value of $2,059,764.00. Following the completion of the acquisition, the director now directly owns 2,724,410 shares in the company, valued at approximately $36,942,999.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Webster acquired 75,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $13.89 per share, with a total value of $1,041,750.00. Following the acquisition, the director now owns 2,724,410 shares of the company’s stock, valued at $37,842,054.90. The disclosure for this purchase can be found here. Insiders have bought 356,600 shares of company stock valued at $4,724,806 in the last three months. Corporate insiders own 6.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CRZO. Glen Harbor Capital Management LLC boosted its holdings in 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 purchasing an additional 980 shares during the period. Strs Ohio boosted its holdings in Carrizo Oil & Gas by 20.0% in the first quarter. Strs Ohio now owns 125,000 shares of the oil and gas producer’s stock worth $3,582,000 after purchasing an additional 20,800 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Carrizo Oil & Gas by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 85,837 shares of the oil and gas producer’s stock worth $2,459,000 after purchasing an additional 5,388 shares during the period. Chicago Equity Partners LLC boosted its holdings in 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 worth $479,000 after purchasing an additional 250 shares during the period. Finally, Elkfork Partners LLC boosted its holdings in 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 purchasing an additional 1,190 shares during the period. 99.96% of the stock is owned by hedge funds and other institutional investors.

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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