BMO Capital Markets reaffirmed their buy rating on shares of Carrizo Oil & Gas (NASDAQ:CRZO) in a report released on Thursday. They currently have a $26.00 price target on the oil and gas producer’s stock.

A number of other research analysts have also recently commented on the company. Zacks Investment Research upgraded Carrizo Oil & Gas from a hold rating to a buy rating and set a $27.00 price objective on the stock in a research note on Wednesday, January 10th. Piper Jaffray Companies restated a hold rating and set a $37.00 price objective on shares of Carrizo Oil & Gas in a research note on Tuesday, January 9th. SunTrust Banks restated a buy rating and set a $26.00 price objective on shares of Carrizo Oil & Gas in a research note on Wednesday, January 3rd. Citigroup assumed coverage on Carrizo Oil & Gas in a research note on Thursday, December 28th. They set a hold rating and a $26.00 price objective on the stock. Finally, BidaskClub upgraded Carrizo Oil & Gas from a hold rating to a buy rating in a research note on Wednesday, December 27th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Carrizo Oil & Gas currently has a consensus rating of Buy and an average target price of $29.50.

Shares of Carrizo Oil & Gas (CRZO) traded down $0.24 on Thursday, hitting $24.33. The company’s stock had a trading volume of 3,084,998 shares, compared to its average volume of 2,816,600. The firm has a market capitalization of $1,980.00, a PE ratio of 15.70 and a beta of 2.18. Carrizo Oil & Gas has a 12 month low of $11.10 and a 12 month high of $37.47. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.32 and a current ratio of 0.32.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.09. The company had revenue of $181.28 million for the quarter, compared to analysts’ expectations of $177.97 million. Carrizo Oil & Gas had a return on equity of 58.37% and a net margin of 16.08%. The firm’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. analysts predict that Carrizo Oil & Gas will post 1.41 EPS for the current year.

In related news, CEO S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $18.57, for a total value of $148,560.00. Following the completion of the sale, the chief executive officer now directly owns 223,194 shares of the company’s stock, valued at $4,144,712.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.00% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Kimmeridge Energy Management Company LLC grew its holdings in shares of Carrizo Oil & Gas by 1,102.0% during the fourth quarter. Kimmeridge Energy Management Company LLC now owns 3,990,500 shares of the oil and gas producer’s stock valued at $84,918,000 after purchasing an additional 3,658,500 shares during the last quarter. GeoSphere Capital Management bought a new position in shares of Carrizo Oil & Gas during the third quarter valued at approximately $2,423,000. Granahan Investment Management Inc. MA bought a new position in shares of Carrizo Oil & Gas during the third quarter valued at approximately $526,000. Janus Henderson Group PLC grew its holdings in shares of Carrizo Oil & Gas by 125.4% during the third quarter. Janus Henderson Group PLC now owns 338,109 shares of the oil and gas producer’s stock valued at $5,792,000 after purchasing an additional 188,109 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in shares of Carrizo Oil & Gas during the third quarter valued at approximately $388,000.

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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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