Carrizo Oil & Gas (NASDAQ:CRZO) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a sell rating to a hold rating in a research note published on Tuesday morning, BidAskClub reports.

Other research analysts have also recently issued research reports about the company. Northland Securities reissued a hold rating and issued a $9.00 price objective on shares of Carrizo Oil & Gas in a research report on Sunday, September 1st. ValuEngine raised Carrizo Oil & Gas from a strong sell rating to a sell rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut Carrizo Oil & Gas from a hold rating to a strong sell rating in a research report on Tuesday, October 15th. Williams Capital cut Carrizo Oil & Gas from a buy rating to a hold rating in a research report on Monday, August 19th. Finally, Wells Fargo & Co cut their price objective on Carrizo Oil & Gas from $11.00 to $9.00 and set a market perform rating on the stock in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company. Carrizo Oil & Gas has an average rating of Hold and an average target price of $13.50.

CRZO stock opened at $7.46 on Tuesday. The stock’s fifty day simple moving average is $7.26 and its two-hundred day simple moving average is $8.64. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.32. Carrizo Oil & Gas has a 1-year low of $6.15 and a 1-year high of $13.95. The stock has a market cap of $720.51 million, a P/E ratio of 2.68, a P/E/G ratio of 0.11 and a beta of 2.12.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Carrizo Oil & Gas had a return on equity of 19.61% and a net margin of 61.01%. The business had revenue of $256.99 million for the quarter, compared to analysts’ expectations of $261.67 million. As a group, analysts forecast that Carrizo Oil & Gas will post 2.53 earnings per share for the current fiscal year.

In other news, CEO S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $9.83, for a total transaction of $78,640.00. Following the transaction, the chief executive officer now owns 171,221 shares of the company’s stock, valued at approximately $1,683,102.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Webster purchased 25,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were purchased at an average cost of $6.41 per share, for a total transaction of $160,250.00. Following the transaction, the director now directly owns 2,895,988 shares in the company, valued at $18,563,283.08. The disclosure for this purchase can be found here. 4.80% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Carrizo Oil & Gas by 2.2% during the 2nd quarter. BlackRock Inc. now owns 12,994,109 shares of the oil and gas producer’s stock valued at $130,201,000 after purchasing an additional 277,061 shares during the period. Macquarie Group Ltd. raised its stake in shares of Carrizo Oil & Gas by 6.7% during the 2nd quarter. Macquarie Group Ltd. now owns 3,939,222 shares of the oil and gas producer’s stock valued at $39,471,000 after purchasing an additional 245,626 shares during the period. Voya Investment Management LLC raised its stake in shares of Carrizo Oil & Gas by 9.6% during the 3rd quarter. Voya Investment Management LLC now owns 2,532,769 shares of the oil and gas producer’s stock valued at $21,744,000 after purchasing an additional 221,754 shares during the period. Mackenzie Financial Corp raised its stake in shares of Carrizo Oil & Gas by 10.0% during the 2nd quarter. Mackenzie Financial Corp now owns 2,111,263 shares of the oil and gas producer’s stock valued at $21,155,000 after purchasing an additional 192,600 shares during the period. Finally, ARP Americas LP bought a new stake in shares of Carrizo Oil & Gas during the 3rd quarter valued at $16,673,000.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

Further Reading: Consumer behavior in bull markets

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit