Carrizo Oil & Gas, Inc. (NASDAQ:CRZO)‘s stock had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued on Friday. They currently have a $23.00 price objective on the oil and gas producer’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 66.91% from the company’s previous close.

A number of other brokerages have also commented on CRZO. Robert W. Baird cut their price objective on shares of Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, May 24th. BidaskClub upgraded shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Credit Suisse Group restated a “neutral” rating and issued a $38.00 target price on shares of Carrizo Oil & Gas in a research note on Friday, June 2nd. Seaport Global Securities lowered shares of Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, J P Morgan Chase & Co lowered shares of Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and cut their target price for the company from $30.00 to $21.00 in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $37.47.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded down 2.27% during trading on Friday, hitting $13.78. The company’s stock had a trading volume of 6,083,577 shares. The company’s market cap is $1.12 billion. The firm’s 50 day moving average price is $13.58 and its 200-day moving average price is $20.87. 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, topping analysts’ consensus estimates 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 analyst estimates of $163.22 million. During the same quarter in the previous year, the business posted $0.29 EPS. The firm’s revenue was up 55.2% compared to the same quarter last year. On average, analysts predict that Carrizo Oil & Gas will post $1.07 earnings per share for the current year.

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In other news, Director Steven A. Webster bought 25,000 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was purchased at an average price of $12.67 per share, for a total transaction of $316,750.00. Following the transaction, the director now owns 2,826,310 shares in the company, valued at $35,809,347.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Webster bought 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 transaction, the director now owns 2,724,410 shares in the company, valued at approximately $36,942,999.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 431,600 shares of company stock valued at $5,602,306. Insiders own 6.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRZO. Benjamin F. Edwards & Company bought a new position in Carrizo Oil & Gas in the 4th quarter worth about $0. Point72 Asia Hong Kong Ltd grew its position in Carrizo Oil & Gas by 1,014.9% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock worth $101,000 after purchasing an additional 3,207 shares during the last quarter. Financial Architects Inc grew its position in Carrizo Oil & Gas by 4,458.8% in the 2nd quarter. Financial Architects Inc now owns 3,100 shares of the oil and gas producer’s stock worth $111,000 after purchasing an additional 3,032 shares during the last quarter. Glen Harbor Capital Management LLC grew its position in Carrizo Oil & Gas by 33.7% in the 1st 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 last quarter. Finally, Huntington Asset Advisors Inc. bought a new position in Carrizo Oil & Gas in the 1st quarter worth about $117,000. Hedge funds and other institutional investors own 99.96% of the company’s stock.

About Carrizo Oil & Gas

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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