Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Equities researchers at US Capital Advisors upped their FY2017 earnings estimates for Carrizo Oil & Gas in a research report issued on Monday. US Capital Advisors analyst C. Horwitz now expects that the oil and gas producer will post earnings per share of $1.46 for the year, up from their prior estimate of $1.30.
CRZO has been the subject of several other reports. BMO Capital Markets set a $20.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Monday, October 9th. Jefferies Group lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating and decreased their target price for the company from $25.00 to $16.00 in a research report on Monday, October 9th. Citigroup began coverage on Carrizo Oil & Gas in a research report on Friday, December 22nd. They issued a “neutral” rating and a $26.00 target price for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price (up from $20.00) on shares of Carrizo Oil & Gas in a research report on Thursday, November 9th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.60.
Carrizo Oil & Gas (CRZO) opened at $18.53 on Tuesday. Carrizo Oil & Gas has a 12-month low of $11.10 and a 12-month high of $35.55. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market capitalization of $1,552.53, a PE ratio of 12.19 and a beta of 2.08.
In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $18.57, for a total transaction of $148,560.00. Following the completion of the sale, the chief executive officer now directly owns 223,194 shares of the company’s stock, valued at approximately $4,144,712.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 24,000 shares of company stock valued at $489,440 over the last three months. Corporate insiders own 6.00% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Stephens Investment Management Group LLC increased its holdings in Carrizo Oil & Gas by 14.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 529,764 shares of the oil and gas producer’s stock worth $11,273,000 after purchasing an additional 67,013 shares in the last quarter. CIBC Asset Management Inc bought a new stake in Carrizo Oil & Gas during the 4th quarter worth approximately $212,000. Cpwm LLC bought a new stake in Carrizo Oil & Gas during the 4th quarter worth approximately $1,170,000. US Bancorp DE increased its holdings in Carrizo Oil & Gas by 17.4% during the 4th quarter. US Bancorp DE now owns 50,668 shares of the oil and gas producer’s stock worth $1,078,000 after purchasing an additional 7,507 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in Carrizo Oil & Gas by 34.8% during the 4th quarter. Aperio Group LLC now owns 40,966 shares of the oil and gas producer’s stock worth $872,000 after purchasing an additional 10,587 shares in the last quarter.
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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.
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