Stock analysts at Mizuho initiated coverage on shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) in a note issued to investors on Wednesday. The firm set a “neutral” rating and a $42.00 price target on the stock. Mizuho’s target price points to a potential upside of 1.25% from the company’s previous close.

CRZO has been the topic of several other research reports. Cantor Fitzgerald reiterated a “buy” rating on shares of Carrizo Oil & Gas in a report on Sunday, July 10th. Zacks Investment Research lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Monday, August 22nd. KLR Group upgraded Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating and upped their target price for the stock from $41.00 to $49.00 in a report on Monday, July 18th. Seaport Global Securities raised Carrizo Oil & Gas from a “neutral” rating to an “accumulate” rating and set a $44.00 price target on the stock in a research report on Tuesday, June 7th. Finally, Simmons reissued a “neutral” rating and set a $46.00 price target (up previously from $42.00) on shares of Carrizo Oil & Gas in a research report on Monday, August 15th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.74.

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

Carrizo Oil & Gas (NASDAQ:CRZO) opened at 41.48 on Wednesday. The company’s market cap is $2.45 billion. Carrizo Oil & Gas has a 52-week low of $16.10 and a 52-week high of $43.97. The company’s 50 day moving average price is $37.36 and its 200 day moving average price is $35.65.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Thursday, August 4th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.16. Carrizo Oil & Gas had a positive return on equity of 19.03% and a negative net margin of 421.40%. The business had revenue of $107.30 million for the quarter, compared to analyst estimates of $119.67 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. Carrizo Oil & Gas’s revenue was down 13.1% on a year-over-year basis. Equities research analysts anticipate that Carrizo Oil & Gas will post $1.06 EPS for the current fiscal year.

In related news, insider S P. Iv Johnson sold 6,000 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $39.68, for a total value of $238,080.00. Following the completion of the sale, the insider now directly owns 601,717 shares in the company, valued at $23,876,130.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Bradley Fisher sold 27,831 shares of the stock in a transaction on Monday, September 26th. The shares were sold at an average price of $35.05, for a total value of $975,476.55. Following the completion of the sale, the chief operating officer now owns 179,403 shares of the company’s stock, valued at $6,288,075.15. The disclosure for this sale can be found here. 6.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CRZO. Louisiana State Employees Retirement System increased its stake in Carrizo Oil & Gas by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the company’s stock worth $868,000 after buying an additional 200 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Carrizo Oil & Gas by 2.1% in the second quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the company’s stock worth $513,000 after buying an additional 300 shares during the last quarter. PineBridge Investments L.P. increased its stake in Carrizo Oil & Gas by 4.6% in the second quarter. PineBridge Investments L.P. now owns 6,932 shares of the company’s stock worth $248,000 after buying an additional 303 shares during the last quarter. Brown Advisory Inc. increased its stake in Carrizo Oil & Gas by 2.2% in the second quarter. Brown Advisory Inc. now owns 14,275 shares of the company’s stock worth $511,000 after buying an additional 310 shares during the last quarter. Finally, First Washington CORP increased its stake in Carrizo Oil & Gas by 0.4% in the second quarter. First Washington CORP now owns 94,500 shares of the company’s stock worth $3,388,000 after buying an additional 400 shares during the last quarter.

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.

5 Day Chart for NASDAQ:CRZO

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