Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has received a consensus rating of “Buy” from the twenty-two research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $40.53.

A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Robert W. Baird reduced their price objective on shares of Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, May 24th. BMO Capital Markets set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Monday, June 26th. Royal Bank Of Canada set a $40.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, May 11th. Finally, Williams Capital set a $35.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Tuesday.

In other news, Director Frank A. Wojtek sold 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total transaction of $67,872.00. Following the transaction, the director now directly owns 30,008 shares of the company’s stock, valued at $727,393.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.00% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of CRZO. Point72 Asia Hong Kong Ltd raised its stake in Carrizo Oil & Gas by 1,014.9% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock valued at $101,000 after buying an additional 3,207 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in Carrizo Oil & Gas by 33.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock valued at $112,000 after buying an additional 980 shares in the last quarter. Elkfork Partners LLC raised its stake in Carrizo Oil & Gas by 33.7% in the first quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock valued at $135,000 after buying an additional 1,190 shares in the last quarter. Kings Point Capital Management raised its stake in Carrizo Oil & Gas by 220.0% in the second quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock valued at $139,000 after buying an additional 5,500 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in Carrizo Oil & Gas during the first quarter valued at about $150,000. Institutional investors and hedge funds own 89.12% of the company’s stock.

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Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 13.56 on Friday. Carrizo Oil & Gas has a 52-week low of $12.73 and a 52-week high of $43.96. The firm’s market cap is $892.34 million. The company’s 50-day moving average price is $16.17 and its 200-day moving average price is $25.31.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. Carrizo Oil & Gas had a negative net margin of 63.08% and a negative return on equity of 128.17%. The company had revenue of $166.50 million during the quarter, compared to the consensus estimate of $163.22 million. During the same period in the prior year, the business posted $0.29 EPS. The company’s quarterly revenue was up 55.2% on a year-over-year basis. Equities analysts expect that Carrizo Oil & Gas will post $0.91 earnings per share for the current fiscal year.

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.

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

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