Johnson Rice upgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from an accumulate rating to a buy rating in a research report released on Wednesday, Marketbeat reports.

Several other equities analysts also recently weighed in on the company. Stifel Nicolaus raised their price target on Carrizo Oil & Gas from $36.00 to $38.00 and gave the stock a buy rating in a research report on Tuesday. Williams Capital reissued a buy rating and set a $41.00 price target on shares of Carrizo Oil & Gas in a research report on Tuesday. BidaskClub downgraded Carrizo Oil & Gas from a buy rating to a hold rating in a research report on Friday, August 3rd. Zacks Investment Research downgraded Carrizo Oil & Gas from a buy rating to a hold rating in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. raised their price target on Carrizo Oil & Gas from $26.00 to $29.00 and gave the stock a $28.42 rating in a research report on Monday, July 23rd. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $27.83.

Carrizo Oil & Gas stock traded up $0.28 during mid-day trading on Wednesday, hitting $24.74. 1,581,267 shares of the company were exchanged, compared to its average volume of 2,139,700. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.28 and a current ratio of 0.26. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 17.30 and a beta of 2.15. Carrizo Oil & Gas has a 12-month low of $11.10 and a 12-month high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Monday, August 6th. The oil and gas producer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $264.00 million during the quarter, compared to the consensus estimate of $230.08 million. Carrizo Oil & Gas had a return on equity of 52.59% and a net margin of 5.84%. Carrizo Oil & Gas’s revenue was up 58.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. analysts forecast that Carrizo Oil & Gas will post 3.08 EPS for the current fiscal year.

In other news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction on Monday, July 16th. The stock was sold at an average price of $27.43, for a total value of $219,440.00. Following the completion of the sale, the insider now owns 187,076 shares of the company’s stock, valued at $5,131,494.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank A. Wojtek sold 2,000 shares of Carrizo Oil & Gas stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $29.39, for a total value of $58,780.00. Following the completion of the sale, the director now directly owns 28,008 shares of the company’s stock, valued at approximately $823,155.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,428 shares of company stock valued at $3,241,187. Company insiders own 5.40% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Teachers Advisors LLC boosted its holdings in Carrizo Oil & Gas by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 140,252 shares of the oil and gas producer’s stock valued at $2,985,000 after acquiring an additional 4,233 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Carrizo Oil & Gas in the fourth quarter valued at $798,000. American Assets Investment Management LLC acquired a new position in Carrizo Oil & Gas in the first quarter valued at $600,000. Frontier Capital Management Co. LLC boosted its holdings in Carrizo Oil & Gas by 9.2% in the first quarter. Frontier Capital Management Co. LLC now owns 7,686,789 shares of the oil and gas producer’s stock valued at $122,989,000 after acquiring an additional 645,974 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Carrizo Oil & Gas by 1,165.2% in the first quarter. SG Americas Securities LLC now owns 98,613 shares of the oil and gas producer’s stock valued at $1,578,000 after acquiring an additional 90,819 shares during the last quarter.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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

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