Carrizo Oil & Gas (CRZO) Given a $26.00 Price Target at KeyCorp

Carrizo Oil & Gas (NASDAQ:CRZO) has been assigned a $26.00 target price by KeyCorp in a research report issued on Sunday. The firm currently has a “buy” rating on the oil and gas producer’s stock. KeyCorp’s price target suggests a potential upside of 14.94% from the company’s current price.

Several other brokerages have also issued reports on CRZO. BMO Capital Markets reissued a “buy” rating and set a $26.00 price objective on shares of Carrizo Oil & Gas in a report on Thursday, January 11th. Piper Jaffray Companies reissued a “hold” rating and set a $37.00 price objective on shares of Carrizo Oil & Gas in a report on Tuesday, January 9th. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. Mizuho set a $27.00 price objective on shares of Carrizo Oil & Gas and gave the company a “hold” rating in a report on Tuesday, January 16th. Finally, SunTrust Banks reissued a “buy” rating and set a $26.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday, January 3rd. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Carrizo Oil & Gas has a consensus rating of “Buy” and an average price target of $29.74.

Shares of Carrizo Oil & Gas (CRZO) traded down $0.21 during trading hours on Friday, hitting $22.62. 1,759,600 shares of the stock were exchanged, compared to its average volume of 2,805,331. The stock has a market capitalization of $1,910.00, a price-to-earnings ratio of 14.59 and a beta of 2.18. Carrizo Oil & Gas has a fifty-two week low of $11.10 and a fifty-two week high of $37.47. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.38.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.09. The business had revenue of $181.28 million for the quarter, compared to analyst estimates of $177.97 million. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The company’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. sell-side analysts expect that Carrizo Oil & Gas will post 1.41 EPS for the current fiscal year.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.92, for a total value of $191,360.00. Following the transaction, the insider now directly owns 216,581 shares of the company’s stock, valued at $5,180,617.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 24,000 shares of company stock worth $489,440 over the last ninety days. Corporate insiders own 6.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Bowling Portfolio Management LLC acquired a new stake in shares of Carrizo Oil & Gas during the fourth quarter worth $306,000. Frontier Capital Management Co. LLC lifted its stake in shares of Carrizo Oil & Gas by 12.5% during the fourth quarter. Frontier Capital Management Co. LLC now owns 7,040,815 shares of the oil and gas producer’s stock worth $149,829,000 after buying an additional 784,124 shares during the period. Kimmeridge Energy Management Company LLC lifted its stake in shares of Carrizo Oil & Gas by 1,102.0% during the fourth quarter. Kimmeridge Energy Management Company LLC now owns 3,990,500 shares of the oil and gas producer’s stock worth $84,918,000 after buying an additional 3,658,500 shares during the period. GeoSphere Capital Management acquired a new stake in shares of Carrizo Oil & Gas during the third quarter worth $2,423,000. Finally, Granahan Investment Management Inc. MA acquired a new stake in shares of Carrizo Oil & Gas during the third quarter worth $526,000. Institutional investors and hedge funds own 99.96% of the company’s stock.

WARNING: This story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/01/22/carrizo-oil-gas-crzo-given-a-26-00-price-target-at-keycorp.html.

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)

Receive News & Ratings for Carrizo Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply