Carrizo Oil & Gas (CRZO) Given a $35.00 Price Target by Northland Securities Analysts

Carrizo Oil & Gas (NASDAQ:CRZO) has been given a $35.00 target price by investment analysts at Northland Securities in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Northland Securities’ target price points to a potential upside of 74.56% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Mizuho cut shares of Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and lowered their target price for the company from $32.00 to $17.00 in a research note on Thursday, September 7th. Tudor Pickering cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Goldman Sachs Group set a $17.00 target price on shares of Carrizo Oil & Gas and gave the company a “hold” rating in a research note on Thursday, October 19th. Jefferies Group restated a “buy” rating and set a $25.00 target price (down previously from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. Finally, Williams Capital restated a “buy” rating and set a $26.00 target price on shares of Carrizo Oil & Gas in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $27.29.

Carrizo Oil & Gas (CRZO) traded up $0.96 on Monday, reaching $20.05. 3,119,500 shares of the company’s stock traded hands, compared to its average volume of 2,726,375. 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 cap of $1,633.17, a PE ratio of 16.04 and a beta of 2.18. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $42.75.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.09. The business had revenue of $181.28 million for the quarter, compared to analysts’ expectations of $177.97 million. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The business’s revenue for the quarter was up 63.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. research analysts forecast that Carrizo Oil & Gas will post 1.32 earnings per share for the current fiscal year.

In other news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total value of $149,520.00. Following the transaction, the insider now owns 231,194 shares in the company, valued at approximately $4,321,015.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.00% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of CRZO. Kings Point Capital Management lifted its stake in shares of Carrizo Oil & Gas by 220.0% in the 2nd quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after purchasing an additional 5,500 shares during the period. Advisor Group Inc. increased its holdings in Carrizo Oil & Gas by 47.4% in the 2nd quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after acquiring an additional 2,611 shares in the last quarter. Van ECK Associates Corp increased its holdings 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 worth $157,000 after acquiring an additional 1,177 shares in the last quarter. Amalgamated Bank purchased a new stake in Carrizo Oil & Gas in the 3rd quarter worth approximately $182,000. Finally, First Interstate Bank increased its holdings in Carrizo Oil & Gas by 40.6% in the 2nd quarter. First Interstate Bank now owns 11,740 shares of the oil and gas producer’s stock worth $205,000 after acquiring an additional 3,390 shares in the last quarter.

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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.

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