A number of research firms have changed their ratings and price targets for Carrizo Oil & Gas (NASDAQ: CRZO):

  • 10/10/2017 – Carrizo Oil & Gas was downgraded by analysts at Zacks Investment Research from a “buy” 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. “
  • 10/10/2017 – 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.
  • 10/9/2017 – Carrizo Oil & Gas had its “buy” rating reaffirmed by analysts at Williams Capital. They now have a $26.00 price target on the stock.
  • 10/9/2017 – Carrizo Oil & Gas was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating. They now have a $16.00 price target on the stock, down previously from $25.00.
  • 10/9/2017 – Carrizo Oil & Gas was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. 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. “
  • 9/18/2017 – Carrizo Oil & Gas is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $16.00 price target on the stock.
  • 9/18/2017 – Carrizo Oil & Gas had its price target lowered by analysts at Piper Jaffray Companies from $43.00 to $24.00. They now have a “neutral” rating on the stock.
  • 9/15/2017 – Carrizo Oil & Gas had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $23.00 price target on the stock.
  • 9/7/2017 – Carrizo Oil & Gas was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $17.00 price target on the stock, down previously from $32.00.
  • 9/5/2017 – Carrizo Oil & Gas was downgraded by analysts at Tudor Pickering from a “buy” rating to a “hold” rating.
  • 8/29/2017 – Carrizo Oil & Gas had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $25.00 price target on the stock, down previously from $64.00.
  • 8/12/2017 – 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.

Shares of Carrizo Oil & Gas, Inc. (NASDAQ CRZO) traded up 1.40% during trading on Wednesday, reaching $16.67. The company had a trading volume of 5,077,323 shares. The firm’s market capitalization is $1.36 billion. The stock has a 50 day moving average price of $14.52 and a 200 day moving average price of $19.15. Carrizo Oil & Gas, Inc. has a 12 month low of $11.10 and a 12 month high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $166.50 million for the quarter, compared to analysts’ expectations of $163.22 million. Carrizo Oil & Gas had a positive return on equity of 1,494.45% and a negative net margin of 0.98%. Carrizo Oil & Gas’s quarterly revenue was up 55.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. On average, equities research analysts forecast that Carrizo Oil & Gas, Inc. will post $1.09 EPS for the current year.

In related news, Director Steven A. Webster purchased 151,900 shares of the stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $13.56 per share, for a total transaction of $2,059,764.00. Following the completion of the transaction, the director now directly owns 2,724,410 shares of the company’s stock, valued at approximately $36,942,999.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Webster purchased 29,700 shares of the stock in a transaction on Tuesday, August 15th. The stock was bought at an average price of $13.36 per share, for a total transaction of $396,792.00. Following the completion of the transaction, the director now directly owns 2,724,410 shares of the company’s stock, valued at $36,398,117.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 431,600 shares of company stock worth $5,602,306. 6.00% of the stock is currently owned by company insiders.

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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