Carrizo Oil & Gas, Inc. (CRZO) Earns “Buy” Rating from Williams Capital

Williams Capital reiterated their buy rating on shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) in a report issued on Monday morning. The brokerage currently has a $26.00 target price on the oil and gas producer’s stock.

Several other equities analysts have also issued reports on the company. BidaskClub raised Carrizo Oil & Gas from a strong sell rating to a sell rating in a report on Wednesday, July 5th. Mizuho lowered Carrizo Oil & Gas from a buy rating to a neutral rating and reduced their target price for the company from $32.00 to $17.00 in a report on Thursday, September 7th. Piper Jaffray Companies reduced their target price on Carrizo Oil & Gas from $43.00 to $24.00 and set a neutral rating for the company in a report on Monday, September 18th. Citigroup Inc. started coverage on Carrizo Oil & Gas in a report on Monday, September 18th. They issued a neutral rating and a $16.00 target price for the company. Finally, BMO Capital Markets set a $20.00 target price on Carrizo Oil & Gas and gave the company a buy rating in a report on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $33.74.

Carrizo Oil & Gas (NASDAQ CRZO) opened at 16.685 on Monday. The firm’s market capitalization is $1.36 billion. Carrizo Oil & Gas has a 12 month low of $11.10 and a 12 month high of $43.96. The company’s 50-day moving average price is $14.68 and its 200 day moving average price is $19.11.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $166.50 million during the quarter, compared to analyst estimates of $163.22 million. Carrizo Oil & Gas had a positive return on equity of 1,494.45% and a negative net margin of 0.98%. The company’s revenue for the quarter was up 55.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. On average, equities research analysts predict that Carrizo Oil & Gas will post $1.06 earnings per share for the current year.

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In related news, Director Steven A. Webster acquired 151,900 shares of Carrizo Oil & Gas stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average cost of $13.56 per share, with a total value of $2,059,764.00. Following the completion of the purchase, the director now owns 2,724,410 shares of the company’s stock, valued at $36,942,999.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven A. Webster acquired 75,000 shares of Carrizo Oil & Gas stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $13.89 per share, for a total transaction of $1,041,750.00. Following the completion of the purchase, the director now directly owns 2,724,410 shares of the company’s stock, valued at approximately $37,842,054.90. The disclosure for this purchase can be found here. In the last three months, insiders purchased 431,600 shares of company stock worth $5,602,306. 6.00% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd grew its stake in shares of Carrizo Oil & Gas by 1,014.9% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock valued at $101,000 after buying an additional 3,207 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Carrizo Oil & Gas during the first quarter valued at about $150,000. Kings Point Capital Management grew its stake in shares of Carrizo Oil & Gas by 220.0% during the second quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock valued at $139,000 after buying an additional 5,500 shares during the last quarter. Advisor Group Inc. grew its stake in shares of 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 buying an additional 2,611 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in shares of Carrizo Oil & Gas by 2.2% during the first quarter. Blair William & Co. IL now owns 8,390 shares of the oil and gas producer’s stock valued at $242,000 after buying an additional 181 shares during the last quarter.

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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