Carrizo Oil & Gas Inc. (NASDAQ:CRZO) had its target price upped by research analysts at KeyCorp from $47.00 to $49.00 in a research note issued on Tuesday. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target points to a potential upside of 24.49% from the stock’s current price.

CRZO has been the subject of a number of other reports. Canaccord Genuity reissued a “buy” rating and set a $44.00 price objective on shares of Carrizo Oil & Gas in a research note on Friday, August 5th. FBR & Co set a $49.00 target price on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Friday, August 5th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Carrizo Oil & Gas in a research note on Wednesday, August 31st. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, October 11th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $42.00 target price on shares of Carrizo Oil & Gas in a research note on Thursday, August 11th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Carrizo Oil & Gas has a consensus rating of “Buy” and a consensus target price of $41.00.

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

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 39.36 on Tuesday. Carrizo Oil & Gas has a 52-week low of $16.10 and a 52-week high of $43.56. The stock’s market cap is $2.56 billion. The stock’s 50 day moving average price is $37.97 and its 200-day moving average price is $36.95.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.06. Carrizo Oil & Gas had a negative net margin of 264.25% and a positive return on equity of 85.42%. The business earned $111.20 million during the quarter, compared to analysts’ expectations of $127.99 million. During the same period last year, the company posted $0.20 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Carrizo Oil & Gas will post $0.98 earnings per share for the current fiscal year.

In other news, CEO S P. Iv Johnson sold 6,000 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the chief executive officer now owns 589,815 shares of the company’s stock, valued at approximately $20,490,173.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger A. Ramsey sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $39.86, for a total transaction of $39,860.00. Following the completion of the sale, the director now directly owns 33,450 shares of the company’s stock, valued at approximately $1,333,317. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in CRZO. BNP Paribas Arbitrage SA increased its stake in shares of Carrizo Oil & Gas by 111.6% in the second quarter. BNP Paribas Arbitrage SA now owns 17,158 shares of the company’s stock worth $615,000 after buying an additional 9,051 shares in the last quarter. Palisade Capital Management LLC NJ increased its stake in shares of Carrizo Oil & Gas by 1.5% in the second quarter. Palisade Capital Management LLC NJ now owns 287,769 shares of the company’s stock worth $10,317,000 after buying an additional 4,325 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Carrizo Oil & Gas during the second quarter worth $14,514,000. Frontier Capital Management Co. LLC increased its stake in shares of 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, PineBridge Investments L.P. increased its stake 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.

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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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