Carrizo Oil & Gas (CRZO) PT Raised to $38.00 at Stifel Nicolaus

Carrizo Oil & Gas (NASDAQ:CRZO) had its price target increased by stock analysts at Stifel Nicolaus from $36.00 to $38.00 in a report released on Tuesday. The firm presently has a “buy” rating on the oil and gas producer’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 38.18% from the stock’s previous close.

Several other brokerages also recently commented on CRZO. Royal Bank of Canada reiterated a “buy” rating and issued a $29.00 target price on shares of Carrizo Oil & Gas in a report on Thursday, July 12th. Zacks Investment Research downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Jefferies Financial Group restated a “hold” rating and set a $27.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday, July 18th. Williams Capital restated a “buy” rating and set a $41.00 price objective on shares of Carrizo Oil & Gas in a report on Monday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Carrizo Oil & Gas from $26.00 to $29.00 and gave the stock a “$28.42” rating in a report on Monday, July 23rd. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $28.11.

Shares of CRZO stock opened at $27.50 on Tuesday. The stock has a market capitalization of $2.24 billion, a PE ratio of 19.23 and a beta of 2.15. The company has a debt-to-equity ratio of 3.69, a current ratio of 0.28 and a quick ratio of 0.28. Carrizo Oil & Gas has a one year low of $11.10 and a one year high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Monday, August 6th. The oil and gas producer reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.12. The company had revenue of $264.00 million during the quarter, compared to the consensus estimate of $230.08 million. Carrizo Oil & Gas had a net margin of 9.10% and a return on equity of 48.53%. The firm’s revenue for the quarter was up 58.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. equities research analysts anticipate that Carrizo Oil & Gas will post 3.03 earnings per share for the current fiscal year.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 6,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $30.02, for a total transaction of $180,120.00. Following the completion of the sale, the insider now directly owns 195,076 shares in the company, valued at $5,856,181.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $24.44, for a total transaction of $195,520.00. Following the sale, the insider now owns 239,076 shares of the company’s stock, valued at $5,843,017.44. The disclosure for this sale can be found here. Insiders sold 142,428 shares of company stock valued at $3,809,457 over the last 90 days. 5.40% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Carrizo Oil & Gas by 0.8% during the first quarter. BlackRock Inc. now owns 10,144,045 shares of the oil and gas producer’s stock valued at $162,304,000 after purchasing an additional 81,465 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in Carrizo Oil & Gas by 9.2% during the first quarter. Frontier Capital Management Co. LLC now owns 7,686,789 shares of the oil and gas producer’s stock valued at $122,989,000 after purchasing an additional 645,974 shares during the last quarter. Kimmeridge Energy Management Company LLC lifted its position in Carrizo Oil & Gas by 34.2% during the first quarter. Kimmeridge Energy Management Company LLC now owns 5,356,300 shares of the oil and gas producer’s stock valued at $85,701,000 after purchasing an additional 1,365,800 shares during the last quarter. LSV Asset Management lifted its position in Carrizo Oil & Gas by 122.6% during the first quarter. LSV Asset Management now owns 3,437,100 shares of the oil and gas producer’s stock valued at $54,993,000 after purchasing an additional 1,893,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Carrizo Oil & Gas by 105.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,308,757 shares of the oil and gas producer’s stock valued at $52,940,000 after purchasing an additional 1,694,935 shares during the last quarter.

Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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Analyst Recommendations for Carrizo Oil & Gas (NASDAQ:CRZO)

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