Citigroup Inc. started coverage on shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) in a report published on Monday morning. The firm issued a neutral rating and a $16.00 price objective on the oil and gas producer’s stock.

Several other equities analysts have also weighed in on the stock. Royal Bank Of Canada reaffirmed a buy rating and set a $23.00 target price on shares of Carrizo Oil & Gas in a report on Friday. Mizuho lowered shares of Carrizo Oil & Gas from a buy rating to a neutral rating and cut their target price for the company from $32.00 to $17.00 in a report on Thursday, September 7th. Tudor Pickering lowered shares of Carrizo Oil & Gas from a buy rating to a hold rating in a report on Tuesday, September 5th. Jefferies Group LLC reaffirmed a buy rating and set a $25.00 target price (down from $64.00) on shares of Carrizo Oil & Gas in a report on Tuesday, August 29th. Finally, BMO Capital Markets set a $20.00 target price on shares of Carrizo Oil & Gas and gave the company a buy rating in a report on Saturday, August 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $35.63.

Carrizo Oil & Gas (CRZO) opened at 13.76 on Monday. The firm has a 50 day moving average of $13.52 and a 200-day moving average of $20.58. The company’s market capitalization is $1.12 billion. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $166.50 million during the quarter, compared to analyst estimates of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The business’s quarterly revenue was up 55.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Equities analysts expect that Carrizo Oil & Gas will post $1.07 EPS for the current year.

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In other news, Director Steven A. Webster purchased 75,000 shares of the stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $13.89 per share, with a total value of $1,041,750.00. Following the transaction, the director now owns 2,724,410 shares in the company, valued at approximately $37,842,054.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Webster purchased 151,900 shares of the stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average cost of $13.56 per share, for a total transaction of $2,059,764.00. Following the transaction, the director now owns 2,724,410 shares in the company, valued at approximately $36,942,999.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 431,600 shares of company stock worth $5,602,306. 6.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC boosted its position in shares of Carrizo Oil & Gas by 89.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock valued at $46,322,000 after acquiring an additional 1,256,160 shares during the last quarter. Phocas Financial Corp. boosted its position in shares of Carrizo Oil & Gas by 4.7% during the 2nd quarter. Phocas Financial Corp. now owns 212,352 shares of the oil and gas producer’s stock valued at $3,699,000 after acquiring an additional 9,481 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of Carrizo Oil & Gas by 260.8% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 102,641 shares of the oil and gas producer’s stock valued at $1,787,000 after acquiring an additional 74,193 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Carrizo Oil & Gas during the 2nd quarter valued at about $467,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Carrizo Oil & Gas during the 2nd quarter valued at about $288,000.

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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