Carrizo Oil & Gas (CRZO) Stock Rating Reaffirmed by Piper Jaffray Companies

Carrizo Oil & Gas (NASDAQ:CRZO)‘s stock had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies in a note issued to investors on Tuesday. They presently have a $37.00 price target on the oil and gas producer’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 51.27% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. SunTrust Banks restated a “buy” rating and set a $26.00 price target on shares of Carrizo Oil & Gas in a research note on Wednesday, January 3rd. Citigroup assumed coverage on shares of Carrizo Oil & Gas in a report on Thursday, December 28th. They issued a “hold” rating and a $26.00 price objective on the stock. BidaskClub raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday, December 20th. Finally, Jefferies Group set a $21.00 price objective on shares of Carrizo Oil & Gas and gave the company a “hold” rating in a report on Wednesday, December 20th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $29.06.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded up $0.10 during trading on Tuesday, reaching $24.46. 2,343,600 shares of the company’s stock were exchanged, compared to its average volume of 2,579,780. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.32 and a quick ratio of 0.32. Carrizo Oil & Gas has a twelve month low of $11.10 and a twelve month high of $38.40. The firm has a market cap of $1,980.00, a price-to-earnings ratio of 15.78 and a beta of 2.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $177.97 million. During the same quarter in the prior year, the business posted $0.23 EPS. Carrizo Oil & Gas’s revenue for the quarter was up 63.1% compared to the same quarter last year. equities research analysts anticipate that Carrizo Oil & Gas will post 1.4 EPS for the current fiscal year.

In related news, CEO S P. Iv Johnson sold 8,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $18.57, for a total transaction of $148,560.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CRZO. Advisor Group Inc. lifted its holdings in Carrizo Oil & Gas by 47.4% during the second quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock valued at $141,000 after purchasing an additional 2,611 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Carrizo Oil & Gas by 15.0% during the second quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock valued at $157,000 after purchasing an additional 1,177 shares in the last quarter. Amalgamated Bank purchased a new position in Carrizo Oil & Gas during the third quarter valued at $182,000. Affinity Investment Advisors LLC purchased a new position in Carrizo Oil & Gas during the third quarter valued at $211,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Carrizo Oil & Gas in the third quarter valued at about $231,000. 99.96% of the stock is currently owned by institutional investors and hedge funds.

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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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