Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has been given a consensus rating of “Hold” by the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $30.29.

Several analysts have recently commented on CRZO shares. BMO Capital Markets set a $20.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Monday, June 26th. Mizuho reiterated a “buy” rating and issued a $32.00 target price on shares of Carrizo Oil & Gas in a report on Friday, June 30th. BidaskClub upgraded shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, J P Morgan Chase & Co downgraded shares of Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $21.00 in a report on Thursday, July 20th.

In other Carrizo Oil & Gas news, Director Steven A. Webster bought 75,000 shares of Carrizo Oil & Gas stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of $13.89 per share, for a total transaction of $1,041,750.00. Following the completion of the purchase, the director now directly owns 2,724,410 shares of the company’s stock, valued at $37,842,054.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven A. Webster bought 25,000 shares of Carrizo Oil & Gas stock in a transaction dated Monday, August 28th. The stock was acquired at an average price of $12.67 per share, with a total value of $316,750.00. Following the purchase, the director now directly owns 2,826,310 shares of the company’s stock, valued at $35,809,347.70. The disclosure for this purchase can be found here. Insiders bought 431,600 shares of company stock valued at $5,602,306 in the last quarter. Corporate insiders own 6.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Carrizo Oil & Gas by 6.4% in the second quarter. SG Americas Securities LLC now owns 79,499 shares of the oil and gas producer’s stock worth $1,385,000 after purchasing an additional 4,785 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Carrizo Oil & Gas in the second quarter worth about $4,147,000. Pacad Investment Ltd. purchased a new position in shares of Carrizo Oil & Gas in the second quarter worth about $1,246,000. Vanguard Group Inc. increased its stake in shares of Carrizo Oil & Gas by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,022,707 shares of the oil and gas producer’s stock worth $172,611,000 after purchasing an additional 350,219 shares in the last quarter. Finally, Penn Capital Management Co. Inc. purchased a new position in shares of Carrizo Oil & Gas in the second quarter worth about $392,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Shares of Carrizo Oil & Gas (CRZO) traded up 2.71% during midday trading on Friday, reaching $15.94. 2,688,247 shares of the company’s stock traded hands. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $43.96. The company has a 50 day moving average of $15.21 and a 200 day moving average of $18.59. The firm’s market cap is $1.30 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The company had revenue of $166.50 million during the quarter, compared to the consensus estimate of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The firm’s revenue for the quarter was up 55.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, equities analysts predict that Carrizo Oil & Gas will post $1.06 EPS for the current fiscal year.

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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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