Carrizo Oil & Gas Inc (NASDAQ:CRZO) has been assigned an average rating of “Hold” from the twenty-one analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.05.
Several research analysts recently commented on CRZO shares. Williams Capital cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Piper Jaffray Companies set a $15.00 price target on shares of Carrizo Oil & Gas and gave the company a “hold” rating in a report on Friday, August 16th. Wells Fargo & Co dropped their price objective on shares of Carrizo Oil & Gas from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. BidaskClub downgraded shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Finally, Northland Securities reiterated a “hold” rating and set a $9.00 target price on shares of Carrizo Oil & Gas in a research report on Sunday, September 1st.
In other news, Director Steven A. Webster bought 50,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of $6.47 per share, for a total transaction of $323,500.00. Following the completion of the purchase, the director now owns 2,849,941 shares of the company’s stock, valued at approximately $18,439,118.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.83, for a total transaction of $78,640.00. Following the completion of the transaction, the chief executive officer now owns 171,221 shares of the company’s stock, valued at approximately $1,683,102.43. The disclosure for this sale can be found here. Corporate insiders own 4.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new position in Carrizo Oil & Gas in the second quarter worth $54,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Carrizo Oil & Gas by 22.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock valued at $75,000 after buying an additional 1,363 shares during the last quarter. Teton Advisors Inc. bought a new position in shares of Carrizo Oil & Gas in the third quarter valued at about $107,000. Commonwealth Equity Services LLC acquired a new position in Carrizo Oil & Gas during the 2nd quarter worth about $109,000. Finally, Cetera Advisor Networks LLC acquired a new position in Carrizo Oil & Gas during the 2nd quarter worth about $116,000.
CRZO traded up $0.51 on Friday, hitting $7.21. 3,751,228 shares of the stock traded hands, compared to its average volume of 4,920,658. The business has a fifty day moving average price of $7.30 and a two-hundred day moving average price of $8.83. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $620.49 million, a PE ratio of 2.59, a P/E/G ratio of 0.09 and a beta of 2.12. Carrizo Oil & Gas has a 52 week low of $6.15 and a 52 week high of $17.14.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. Carrizo Oil & Gas had a return on equity of 19.61% and a net margin of 61.01%. The company had revenue of $256.99 million during the quarter, compared to the consensus estimate of $261.67 million. On average, equities research analysts forecast that Carrizo Oil & Gas will post 2.52 EPS for the current fiscal year.
Carrizo Oil & Gas Company Profile
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.
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