Carrizo Oil & Gas (NASDAQ:CRZO)‘s stock had its “buy” rating reiterated by SunTrust Banks in a research report issued on Wednesday. They presently have a $26.00 price target on the oil and gas producer’s stock. SunTrust Banks’ target price suggests a potential upside of 12.95% from the company’s current price. SunTrust Banks also issued estimates for Carrizo Oil & Gas’ FY2020 earnings at $3.43 EPS.

Several other analysts have also commented on CRZO. Mizuho lowered Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $17.00 in a report on Thursday, September 7th. Tudor Pickering downgraded Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Goldman Sachs Group set a $17.00 price target on Carrizo Oil & Gas and gave the stock a “hold” rating in a research report on Thursday, October 19th. Williams Capital reiterated a “buy” rating and set a $26.00 price target on shares of Carrizo Oil & Gas in a research report on Wednesday, November 8th. Finally, Scotiabank reiterated a “buy” rating and set a $33.00 price target on shares of Carrizo Oil & Gas in a research report on Wednesday, November 8th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Carrizo Oil & Gas presently has a consensus rating of “Buy” and a consensus target price of $28.33.

Carrizo Oil & Gas (NASDAQ CRZO) traded up $1.74 during trading on Wednesday, reaching $23.02. The company’s stock had a trading volume of 2,713,200 shares, compared to its average volume of 2,439,200. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.32 and a current ratio of 0.32. Carrizo Oil & Gas has a 52 week low of $11.10 and a 52 week high of $39.48. The stock has a market capitalization of $1,890.00, a PE ratio of 14.85 and a beta of 2.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. Carrizo Oil & Gas had a return on equity of 58.37% and a net margin of 16.08%. The company had revenue of $181.28 million during the quarter, compared to analysts’ expectations of $177.97 million. During the same period last year, the business posted $0.23 earnings per share. The firm’s revenue was up 63.1% compared to the same quarter last year. equities research analysts predict that Carrizo Oil & Gas will post 1.38 EPS for the current fiscal year.

In related news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $18.69, for a total transaction of $149,520.00. Following the completion of the transaction, the insider now directly owns 231,194 shares of the company’s stock, valued at approximately $4,321,015.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. GeoSphere Capital Management acquired a new position in Carrizo Oil & Gas in the 3rd quarter valued at about $2,423,000. Granahan Investment Management Inc. MA acquired a new position in Carrizo Oil & Gas in the 3rd quarter valued at about $526,000. Janus Henderson Group PLC increased its position in Carrizo Oil & Gas by 125.4% in the 3rd quarter. Janus Henderson Group PLC now owns 338,109 shares of the oil and gas producer’s stock valued at $5,792,000 after acquiring an additional 188,109 shares during the period. Boothbay Fund Management LLC acquired a new position in Carrizo Oil & Gas in the 3rd quarter valued at about $388,000. Finally, NWQ Investment Management Company LLC increased its position in Carrizo Oil & Gas by 122.6% in the 3rd quarter. NWQ Investment Management Company LLC now owns 7,261,441 shares of the oil and gas producer’s stock valued at $124,388,000 after acquiring an additional 3,999,717 shares during the period. Hedge funds and other institutional investors own 99.96% of the company’s stock.

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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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