Carrizo Oil & Gas Inc. (NASDAQ:CRZO) has been assigned a $48.00 target price by stock analysts at Jefferies Group in a report issued on Tuesday. The firm presently has a a “buy” rating on the stock. Jefferies Group’s price target suggests a potential upside of 23.33% from the company’s current price.

Several other analysts have also recently issued reports on the company. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Friday, August 19th. FBR & Co reiterated an “outperform” rating and set a $49.00 target price (up previously from $46.00) on shares of Carrizo Oil & Gas in a research report on Wednesday, July 6th. Credit Suisse Group AG cut Carrizo Oil & Gas from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $42.00 to $41.00 in a research report on Thursday, October 13th. Stifel Nicolaus reiterated a “buy” rating on shares of Carrizo Oil & Gas in a research report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. cut Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.48.

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

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded up 3.55% during mid-day trading on Tuesday, reaching $40.30. The company’s stock had a trading volume of 1,077,334 shares. The company has a 50-day moving average price of $38.23 and a 200 day moving average price of $36.28. Carrizo Oil & Gas has a 52-week low of $16.10 and a 52-week high of $43.56. The company’s market cap is $2.38 billion.

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

In other news, Director Roger A. Ramsey sold 1,000 shares of Carrizo Oil & Gas stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $39.86, for a total value of $39,860.00. Following the transaction, the director now directly owns 33,450 shares in the company, valued at approximately $1,333,317. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S P. Iv Johnson sold 6,000 shares of Carrizo Oil & Gas stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $39.68, for a total value of $238,080.00. Following the completion of the transaction, the insider now owns 601,717 shares in the company, valued at $23,876,130.56. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CRZO. Financial Architects Inc increased its position in shares of Carrizo Oil & Gas by 4,458.8% in the second quarter. Financial Architects Inc now owns 3,100 shares of the company’s stock worth $111,000 after buying an additional 3,032 shares in the last quarter. Blair William & Co. IL bought a new position in shares of Carrizo Oil & Gas during the second quarter worth about $209,000. Panagora Asset Management Inc. increased its position in shares of Carrizo Oil & Gas by 77.2% in the second quarter. Panagora Asset Management Inc. now owns 6,127 shares of the company’s stock worth $220,000 after buying an additional 2,670 shares in the last quarter. Amalgamated Bank bought a new position in shares of Carrizo Oil & Gas during the second quarter worth about $233,000. Finally, PineBridge Investments L.P. increased its position in shares of 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 in 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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