Brokerages Set Carrizo Oil & Gas Inc (NASDAQ:CRZO) PT at $22.47

Carrizo Oil & Gas Inc (NASDAQ:CRZO) has received a consensus recommendation of “Hold” from the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $22.03.

A number of equities analysts have recently issued reports on CRZO shares. Cowen set a $27.00 price objective on shares of Schnitzer Steel Industries and gave the company a “hold” rating in a research note on Tuesday, April 9th. Stephens assumed coverage on shares of Carrizo Oil & Gas in a research note on Thursday, March 28th. They issued an “equal weight” rating and a $15.00 target price for the company. Zacks Investment Research downgraded shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. BidaskClub downgraded shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Finally, Ifs Securities upgraded shares of SRC Energy from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, April 23rd.

In other news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $12.45, for a total transaction of $99,600.00. Following the completion of the sale, the insider now directly owns 203,221 shares in the company, valued at $2,530,101.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 24,000 shares of company stock valued at $275,040 over the last quarter. Insiders own 4.80% of the company’s stock.

Several large investors have recently bought and sold shares of CRZO. Mason Street Advisors LLC raised its holdings in shares of Carrizo Oil & Gas by 3.4% during the first quarter. Mason Street Advisors LLC now owns 27,367 shares of the oil and gas producer’s stock worth $341,000 after purchasing an additional 904 shares during the last quarter. Piedmont Investment Advisors Inc. raised its holdings in shares of Carrizo Oil & Gas by 5.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 21,513 shares of the oil and gas producer’s stock worth $268,000 after purchasing an additional 1,196 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Carrizo Oil & Gas by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 59,416 shares of the oil and gas producer’s stock worth $671,000 after purchasing an additional 1,306 shares during the last quarter. Flinton Capital Management LLC raised its holdings in shares of Carrizo Oil & Gas by 23.3% during the fourth quarter. Flinton Capital Management LLC now owns 10,000 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 1,888 shares during the last quarter. Finally, Cypress Capital Management LLC WY raised its holdings in shares of Carrizo Oil & Gas by 37.3% during the first quarter. Cypress Capital Management LLC WY now owns 7,000 shares of the oil and gas producer’s stock worth $87,000 after purchasing an additional 1,900 shares during the last quarter.

Shares of NASDAQ CRZO traded up $0.19 during midday trading on Tuesday, reaching $10.50. 2,321,149 shares of the company’s stock traded hands, compared to its average volume of 3,317,002. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.26 and a current ratio of 0.26. The stock’s 50 day moving average is $10.03. Carrizo Oil & Gas has a one year low of $8.64 and a one year high of $29.58. The stock has a market cap of $971.29 million, a P/E ratio of 3.80, a price-to-earnings-growth ratio of 0.14 and a beta of 2.14.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.07. Carrizo Oil & Gas had a net margin of 49.20% and a return on equity of 32.14%. The firm had revenue of $233.04 million for the quarter, compared to the consensus estimate of $228.41 million. During the same period last year, the firm earned $0.48 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts predict that Carrizo Oil & Gas will post 2.8 EPS for the current fiscal year.

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: What is a bull market?

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.