Carrizo Oil & Gas (NASDAQ:CRZO) Rating Reiterated by Piper Jaffray Companies

Piper Jaffray Companies reiterated their hold rating on shares of Carrizo Oil & Gas (NASDAQ:CRZO) in a report published on Tuesday, January 9th. The brokerage currently has a $37.00 price target on the oil and gas producer’s stock.

Other analysts have also recently issued research reports about the stock. Scotiabank restated a buy rating and issued a $33.00 price objective on shares of Carrizo Oil & Gas in a research report on Wednesday, November 8th. Williams Capital reiterated a buy rating and set a $26.00 target price on shares of Carrizo Oil & Gas in a report on Wednesday, November 8th. KeyCorp reiterated a buy rating on shares of Carrizo Oil & Gas in a report on Friday, October 20th. Zacks Investment Research upgraded Carrizo Oil & Gas from a hold rating to a buy rating and set a $19.00 target price for the company in a report on Monday, October 9th. Finally, Royal Bank of Canada reiterated a buy rating and set a $23.00 target price on shares of Carrizo Oil & Gas in a report on Friday, September 15th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $29.83.

Carrizo Oil & Gas (NASDAQ CRZO) traded down $0.23 during mid-day trading on Tuesday, hitting $23.02. The stock had a trading volume of 3,716,563 shares, compared to its average volume of 2,750,000. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.32 and a current ratio of 0.32. Carrizo Oil & Gas has a one year low of $11.10 and a one year high of $37.47. The firm has a market cap of $1,880.00, a P/E ratio of 14.85 and a beta of 2.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $0.33 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 during the quarter, compared to analysts’ expectations of $177.97 million. During the same quarter in the prior year, the company earned $0.23 EPS. The firm’s quarterly revenue was up 63.1% on a year-over-year basis. analysts predict that Carrizo Oil & Gas will post 1.41 EPS for the current year.

In related news, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total value of $149,520.00. Following the completion of the sale, the insider now directly 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 at the SEC website. Company insiders own 6.00% of the company’s stock.

A number of large investors have recently modified their holdings of CRZO. NWQ Investment Management Company LLC lifted its stake in Carrizo Oil & Gas by 122.6% in the 3rd quarter. NWQ Investment Management Company LLC now owns 7,261,441 shares of the oil and gas producer’s stock valued at $124,388,000 after purchasing an additional 3,999,717 shares during the last quarter. Kimmeridge Energy Management Company LLC lifted its stake in Carrizo Oil & Gas by 1,102.0% in the 4th quarter. Kimmeridge Energy Management Company LLC now owns 3,990,500 shares of the oil and gas producer’s stock valued at $84,918,000 after purchasing an additional 3,658,500 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in Carrizo Oil & Gas by 27.6% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 6,256,691 shares of the oil and gas producer’s stock valued at $107,177,000 after purchasing an additional 1,351,602 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Carrizo Oil & Gas by 89.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock valued at $46,322,000 after purchasing an additional 1,256,160 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Carrizo Oil & Gas by 11.4% in the 2nd quarter. BlackRock Inc. now owns 9,534,149 shares of the oil and gas producer’s stock valued at $166,088,000 after purchasing an additional 978,942 shares during the last quarter.

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About Carrizo Oil & Gas

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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