Carrizo Oil & Gas’ (CRZO) “Buy” Rating Reiterated at Williams Capital

Carrizo Oil & Gas Inc (NASDAQ:CRZO)‘s stock had its “buy” rating reiterated by equities research analysts at Williams Capital in a research report issued on Wednesday, November 8th. They presently have a $26.00 price target on the oil and gas producer’s stock. Williams Capital’s target price would indicate a potential upside of 42.15% from the company’s current price.

CRZO has been the topic of several other reports. BMO Capital Markets set a $20.00 target price on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Monday, October 9th. Jefferies Group LLC lowered shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $16.00 in a research report on Monday, October 9th. J P Morgan Chase & Co lowered shares of Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $21.00 in a research report on Thursday, July 20th. Finally, Mizuho lowered shares of Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and lowered their price target for the company from $32.00 to $17.00 in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.65.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at $18.29 on Wednesday. The company has a market cap of $1,633.17, a PE ratio of 16.04 and a beta of 2.20. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $43.96. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 4.38.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. The firm had revenue of $181.28 million during 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 firm’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. sell-side analysts anticipate that Carrizo Oil & Gas will post 1.31 EPS for the current fiscal year.

In other Carrizo Oil & Gas news, Director Steven A. Webster bought 75,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average price of $11.70 per share, with a total value of $877,500.00. Following the purchase, the director now owns 2,786,310 shares in the company, valued at approximately $32,599,827. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 6.00% of the company’s stock.

Several hedge funds have recently modified their holdings of CRZO. BlackRock Inc. grew its holdings in Carrizo Oil & Gas by 11.4% during 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 in the last quarter. NWQ Investment Management Company LLC grew its holdings in Carrizo Oil & Gas by 122.6% during 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 in the last quarter. Vanguard Group Inc. grew its holdings in Carrizo Oil & Gas by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,427,895 shares of the oil and gas producer’s stock valued at $111,975,000 after purchasing an additional 405,188 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in Carrizo Oil & Gas by 27.6% during 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 in the last quarter. Finally, State Street Corp grew its holdings in Carrizo Oil & Gas by 28.7% during the 2nd quarter. State Street Corp now owns 3,815,021 shares of the oil and gas producer’s stock valued at $66,454,000 after purchasing an additional 850,815 shares in 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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