Credit Suisse Group AG cut shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) from an outperform rating to a neutral rating in a report issued on Thursday.

A number of other equities analysts have also weighed in on CRZO. FBR & Co increased their target price on shares of Carrizo Oil & Gas from $49.00 to $50.00 and gave the stock an outperform rating in a research report on Tuesday, September 6th. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a hold rating to a strong-buy rating and set a $40.00 target price for the company in a research report on Tuesday, September 13th. Simmons reiterated a neutral rating and set a $46.00 target price (up previously from $42.00) on shares of Carrizo Oil & Gas in a research report on Monday, August 15th. KLR Group upgraded shares of Carrizo Oil & Gas from an accumulate rating to a buy rating and increased their target price for the stock from $41.00 to $49.00 in a research report on Monday, July 18th. Finally, Jefferies Group reiterated a buy rating on shares of Carrizo Oil & Gas in a research report on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $40.09.

Carrizo Oil & Gas (NASDAQ:CRZO) traded down 1.24% during midday trading on Thursday, hitting $39.93. 282,896 shares of the stock were exchanged. The company’s 50 day moving average is $38.08 and its 200 day moving average is $36.00. Carrizo Oil & Gas has a 1-year low of $16.10 and a 1-year high of $43.56. The company’s market capitalization is $2.35 billion.

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

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

Large investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its stake in Carrizo Oil & Gas by 31.6% in the second quarter. Capital Research Global Investors now owns 5,176,973 shares of the company’s stock worth $185,594,000 after buying an additional 1,242,353 shares in the last quarter. Vanguard Group Inc. increased its stake in Carrizo Oil & Gas by 3.3% in the second quarter. Vanguard Group Inc. now owns 4,659,514 shares of the company’s stock worth $167,043,000 after buying an additional 146,895 shares in the last quarter. FMR LLC increased its stake in Carrizo Oil & Gas by 34.1% in the second quarter. FMR LLC now owns 4,189,558 shares of the company’s stock worth $150,196,000 after buying an additional 1,065,521 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in Carrizo Oil & Gas by 5.4% in the second quarter. Frontier Capital Management Co. LLC now owns 3,762,074 shares of the company’s stock worth $134,870,000 after buying an additional 192,152 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in Carrizo Oil & Gas by 2.1% in the second quarter. BlackRock Fund Advisors now owns 3,664,096 shares of the company’s stock worth $131,358,000 after buying an additional 74,906 shares in the last quarter.

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.

5 Day Chart for NASDAQ:CRZO

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