SunTrust Banks Reiterates $28.00 Price Target for Carrizo Oil & Gas (CRZO)

Carrizo Oil & Gas (NASDAQ:CRZO) received a $28.00 price target from investment analysts at SunTrust Banks in a report released on Friday. The firm currently has a “buy” rating on the oil and gas producer’s stock. SunTrust Banks’ target price would suggest a potential upside of 23.78% from the stock’s previous close.

CRZO has been the topic of several other research reports. Citigroup assumed coverage on Carrizo Oil & Gas in a research note on Friday, December 22nd. They issued a “neutral” rating and a $26.00 price objective on the stock. Goldman Sachs Group set a $17.00 price objective on Carrizo Oil & Gas and gave the stock a “hold” rating in a research note on Thursday, October 19th. Raymond James Financial set a $28.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, December 12th. Finally, BidaskClub downgraded Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $29.94.

Carrizo Oil & Gas (NASDAQ CRZO) opened at $22.62 on Friday. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.32 and a quick ratio of 0.32. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $37.47. The firm has a market capitalization of $1,842.51, a PE ratio of 18.10 and a beta of 2.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $181.28 million for the quarter, compared to the consensus estimate of $177.97 million. During the same quarter last year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 63.1% compared to the same quarter last year. equities research analysts forecast that Carrizo Oil & Gas will post 1.41 EPS for the current year.

In related news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $23.92, for a total transaction of $191,360.00. Following the completion of the sale, the insider now owns 216,581 shares in the company, valued at $5,180,617.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 24,000 shares of company stock valued at $489,440 in the last quarter. 6.00% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its position in shares of Carrizo Oil & Gas by 15.0% during the second 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 in the last quarter. ETRADE Capital Management LLC grew its position in shares of Carrizo Oil & Gas by 7.4% during the second quarter. ETRADE Capital Management LLC now owns 19,253 shares of the oil and gas producer’s stock worth $335,000 after purchasing an additional 1,332 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Carrizo Oil & Gas by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 49,233 shares of the oil and gas producer’s stock worth $858,000 after purchasing an additional 1,432 shares in the last quarter. Advisor Group Inc. grew its position in shares of Carrizo Oil & Gas by 47.4% during the second 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 in the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Carrizo Oil & Gas by 3.2% during the second quarter. Teachers Advisors LLC now owns 110,809 shares of the oil and gas producer’s stock worth $1,930,000 after purchasing an additional 3,423 shares in the last quarter.

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Carrizo Oil & Gas Company Profile

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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