Mizuho set a $27.00 price objective on Carrizo Oil & Gas (NASDAQ:CRZO) in a research report released on Tuesday. The firm currently has a hold rating on the oil and gas producer’s stock.

CRZO has been the subject of several other research reports. Citigroup assumed coverage on shares of Carrizo Oil & Gas in a research report on Friday, December 22nd. They set a neutral rating and a $26.00 price objective for the company. Goldman Sachs Group set a $17.00 target price on shares of Carrizo Oil & Gas and gave the stock a hold rating in a report on Thursday, October 19th. Raymond James Financial set a $28.00 target price on shares of Carrizo Oil & Gas and gave the stock a buy rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a hold rating to a buy rating and set a $23.00 target price for the company in a report on Tuesday, December 12th. Finally, Piper Jaffray Companies restated a hold rating and issued a $37.00 target price on shares of Carrizo Oil & Gas in a report on Tuesday, January 9th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $29.83.

Carrizo Oil & Gas (NASDAQ CRZO) traded down $1.08 during mid-day trading on Tuesday, reaching $23.25. 3,355,300 shares of the company’s stock traded hands, compared to its average volume of 2,870,470. Carrizo Oil & Gas has a fifty-two week low of $11.10 and a fifty-two week high of $37.47. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 4.38. The company has a market capitalization of $1,880.00, a price-to-earnings ratio of 15.00 and a beta of 2.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data 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. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The business had revenue of $181.28 million during the quarter, compared to analyst estimates of $177.97 million. During the same quarter last year, the business earned $0.23 earnings per share. Carrizo Oil & Gas’s quarterly revenue was up 63.1% compared to the same quarter last year. research analysts anticipate that Carrizo Oil & Gas will post 1.41 EPS for the current fiscal year.

In related news, CEO S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $18.57, for a total value of $148,560.00. Following the transaction, the chief executive officer now owns 223,194 shares of the company’s stock, valued at approximately $4,144,712.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CRZO. Bank of New York Mellon Corp increased its stake in Carrizo Oil & Gas by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 898,017 shares of the oil and gas producer’s stock worth $15,642,000 after buying an additional 64,310 shares during the period. Legal & General Group Plc increased its stake in Carrizo Oil & Gas by 29.7% in the 2nd quarter. Legal & General Group Plc now owns 139,477 shares of the oil and gas producer’s stock worth $2,424,000 after buying an additional 31,980 shares during the period. Prudential Financial Inc. increased its stake in Carrizo Oil & Gas by 84.7% in the 2nd quarter. Prudential Financial Inc. now owns 194,590 shares of the oil and gas producer’s stock worth $3,390,000 after buying an additional 89,220 shares during the period. JPMorgan Chase & Co. increased its stake in Carrizo Oil & Gas by 26.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 133,434 shares of the oil and gas producer’s stock worth $2,324,000 after buying an additional 28,112 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Carrizo Oil & Gas by 26.1% in the 2nd quarter. Alliancebernstein L.P. now owns 116,437 shares of the oil and gas producer’s stock worth $2,028,000 after buying an additional 24,100 shares during the period.

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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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