Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has been assigned a consensus recommendation of “Hold” from the twenty-two brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $28.81.

Several equities research analysts recently commented on CRZO shares. Zacks Investment Research downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. SunTrust Banks, Inc. set a $20.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Monday, October 16th. Royal Bank Of Canada restated an “outperform” rating and issued a $23.00 price target (up previously from $20.00) on shares of Carrizo Oil & Gas in a research report on Thursday, November 9th. Mizuho downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and reduced their price target for the company from $32.00 to $17.00 in a research report on Thursday, September 7th. Finally, Scotiabank restated a “buy” rating and issued a $33.00 price target on shares of Carrizo Oil & Gas in a research report on Wednesday, November 8th.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded up $1.05 during trading hours on Thursday, hitting $19.35. 2,436,768 shares of the company traded hands, compared to its average volume of 3,781,385. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.38. The stock has a market cap of $1,576.15, a P/E ratio of 15.48 and a beta of 2.20. Carrizo Oil & Gas has a fifty-two week low of $11.10 and a fifty-two week high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.09. The business had revenue of $181.28 million during the quarter, compared to the consensus estimate of $177.97 million. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The firm’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. sell-side analysts predict that Carrizo Oil & Gas will post 1.19 EPS for the current year.

In other Carrizo Oil & Gas news, Director Steven A. Webster purchased 25,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were bought at an average price of $12.67 per share, for a total transaction of $316,750.00. Following the purchase, the director now directly owns 2,826,310 shares in the company, valued at approximately $35,809,347.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Webster purchased 75,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $12.13 per share, for a total transaction of $909,750.00. Following the purchase, the director now owns 2,826,310 shares in the company, valued at $34,283,140.30. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 175,000 shares of company stock worth $2,104,000. 6.00% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan grew its stake in Carrizo Oil & Gas by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,620 shares of the oil and gas producer’s stock valued at $255,000 after buying an additional 630 shares during the last quarter. Texas Permanent School Fund grew its stake in Carrizo Oil & Gas by 1.9% in the 2nd quarter. Texas Permanent School Fund now owns 45,163 shares of the oil and gas producer’s stock valued at $787,000 after buying an additional 838 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in Carrizo Oil & Gas by 2.9% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 33,911 shares of the oil and gas producer’s stock valued at $591,000 after buying an additional 950 shares during the last quarter. Van ECK Associates Corp grew its stake in Carrizo Oil & Gas by 15.0% in the 2nd quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock valued at $157,000 after buying an additional 1,177 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its stake in Carrizo Oil & Gas by 0.9% in the 2nd quarter. Eagle Asset Management Inc. now owns 143,540 shares of the oil and gas producer’s stock valued at $2,500,000 after buying an additional 1,320 shares during the last quarter.

TRADEMARK VIOLATION WARNING: “Brokerages Set Carrizo Oil & Gas, Inc. (CRZO) PT at $28.75” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/19/brokerages-set-carrizo-oil-gas-inc-crzo-pt-at-28-75.html.

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.

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

Receive News & Stock Ratings for Carrizo Oil & Gas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas Inc. and related stocks with our FREE daily email newsletter.