Carrizo Oil & Gas (NASDAQ:CRZO) has been assigned a $28.00 target price by stock analysts at Raymond James Financial in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Raymond James Financial’s price objective indicates a potential upside of 36.05% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the stock. Mizuho cut shares of Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and decreased their price target for the company from $32.00 to $17.00 in a research report on Thursday, September 7th. Tudor Pickering lowered shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Goldman Sachs Group set a $17.00 price objective on shares of Carrizo Oil & Gas and gave the company a “hold” rating in a research note on Thursday, October 19th. Jefferies Group reaffirmed a “buy” rating and issued a $25.00 price objective (down from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. Finally, Williams Capital reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Carrizo Oil & Gas in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.44.
Carrizo Oil & Gas (CRZO) traded down $0.24 during mid-day trading on Tuesday, reaching $20.58. 4,930,400 shares of the company were exchanged, compared to its average volume of 2,733,076. The firm has a market cap of $1,695.89, a PE ratio of 16.66 and a beta of 2.18. Carrizo Oil & Gas has a twelve month low of $11.10 and a twelve month high of $41.11. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.32 and a current ratio of 0.32.
In other news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total value of $149,520.00. Following the completion of the transaction, the insider now owns 231,194 shares in the company, valued at $4,321,015.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.00% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Kings Point Capital Management raised its stake in shares of Carrizo Oil & Gas by 220.0% during the second quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after acquiring an additional 5,500 shares in the last quarter. Advisor Group Inc. boosted its stake in Carrizo Oil & Gas by 47.4% in the 2nd quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 2,611 shares during the period. Van ECK Associates Corp boosted its stake in Carrizo Oil & Gas by 15.0% in the 2nd quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock worth $157,000 after purchasing an additional 1,177 shares during the period. Amalgamated Bank bought a new position in Carrizo Oil & Gas in the 3rd quarter worth approximately $182,000. Finally, First Interstate Bank boosted its position in shares of Carrizo Oil & Gas by 40.6% during the 2nd quarter. First Interstate Bank now owns 11,740 shares of the oil and gas producer’s stock valued at $205,000 after acquiring an additional 3,390 shares during the last quarter.
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.
