BidaskClub downgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a hold rating to a sell rating in a research note published on Wednesday morning.

CRZO has been the topic of several other reports. KLR Group reaffirmed a buy rating and issued a $35.00 price objective on shares of Carrizo Oil & Gas in a research note on Monday, August 20th. Zacks Investment Research raised Carrizo Oil & Gas from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Thursday, October 25th. Raymond James lifted their price objective on Carrizo Oil & Gas from $43.00 to $44.00 and gave the company a strong-buy rating in a research note on Thursday, September 6th. Jefferies Financial Group raised Carrizo Oil & Gas from a hold rating to a buy rating and set a $28.00 price objective on the stock in a research note on Monday, October 15th. Finally, Ifs Securities assumed coverage on Carrizo Oil & Gas in a research note on Monday, October 29th. They issued an outperform rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $29.59.

Shares of NASDAQ CRZO traded up $0.69 during midday trading on Wednesday, hitting $17.97. The stock had a trading volume of 135,065 shares, compared to its average volume of 2,902,405. The firm has a market capitalization of $1.70 billion, a P/E ratio of 12.43 and a beta of 2.28. Carrizo Oil & Gas has a 1-year low of $13.49 and a 1-year high of $31.57. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.27 and a quick ratio of 0.27.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Monday, November 5th. The oil and gas producer reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.15. The business had revenue of $303.40 million for the quarter, compared to analyst estimates of $265.34 million. Carrizo Oil & Gas had a return on equity of 56.06% and a net margin of 12.23%. The company’s revenue was up 67.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. On average, equities research analysts expect that Carrizo Oil & Gas will post 3.07 EPS for the current fiscal year.

In related news, COO John Bradley Fisher sold 7,500 shares of the firm’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $25.01, for a total transaction of $187,575.00. Following the sale, the chief operating officer now directly owns 157,436 shares in the company, valued at approximately $3,937,474.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $23.82, for a total value of $190,560.00. Following the sale, the insider now owns 171,076 shares in the company, valued at $4,075,030.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,500 shares of company stock worth $556,695. Company insiders own 5.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings in Carrizo Oil & Gas by 91.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the oil and gas producer’s stock worth $156,000 after purchasing an additional 2,680 shares during the last quarter. Creative Planning purchased a new stake in Carrizo Oil & Gas during the 2nd quarter worth approximately $222,000. Berkshire Asset Management LLC PA purchased a new stake in Carrizo Oil & Gas during the 2nd quarter worth approximately $252,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Carrizo Oil & Gas by 144.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,128 shares of the oil and gas producer’s stock worth $230,000 after purchasing an additional 5,397 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Carrizo Oil & Gas during the 2nd quarter worth approximately $278,000.

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.

Read More: Return on Investment (ROI)

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

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