Carrizo Oil & Gas Inc (CRZO) Given Average Rating of “Buy” by Analysts

Shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) have been given a consensus rating of “Buy” by the twenty-four analysts that are covering the company, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $26.88.

A number of equities analysts recently commented on CRZO shares. SunTrust Banks set a $25.00 target price on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Tuesday, April 17th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $22.00 target price on shares of Carrizo Oil & Gas in a report on Friday, April 13th. BidaskClub upgraded Carrizo Oil & Gas from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 22nd. Deutsche Bank started coverage on Carrizo Oil & Gas in a research note on Wednesday, April 4th. They issued a “hold” rating and a $20.00 price target for the company. Finally, Citigroup set a $17.00 price target on Carrizo Oil & Gas and gave the stock a “hold” rating in a research note on Friday, March 9th.

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Shares of CRZO traded up $0.10 during mid-day trading on Friday, hitting $27.76. The company’s stock had a trading volume of 1,613,800 shares, compared to its average volume of 3,064,576. Carrizo Oil & Gas has a one year low of $11.10 and a one year high of $30.31. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 19.41 and a beta of 2.20. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 3.69.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Monday, May 7th. The oil and gas producer reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.15. Carrizo Oil & Gas had a return on equity of 48.53% and a net margin of 9.10%. The company had revenue of $225.28 million for the quarter, compared to analysts’ expectations of $200.88 million. During the same period last year, the firm earned $0.18 EPS. Carrizo Oil & Gas’s revenue for the quarter was up 48.8% compared to the same quarter last year. equities analysts predict that Carrizo Oil & Gas will post 2.86 EPS for the current year.

In other news, COO John Bradley Fisher sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $25.43, for a total transaction of $890,050.00. Following the completion of the transaction, the chief operating officer now owns 194,936 shares in the company, valued at $4,957,222.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $26.42, for a total value of $211,360.00. Following the transaction, the chief executive officer now owns 215,476 shares of the company’s stock, valued at approximately $5,692,875.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,267 shares of company stock valued at $3,561,700. Company insiders own 5.40% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Carrizo Oil & Gas by 6.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,000,141 shares of the oil and gas producer’s stock valued at $21,283,000 after purchasing an additional 63,893 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Carrizo Oil & Gas during the fourth quarter valued at about $576,000. William Blair Investment Management LLC grew its position in shares of Carrizo Oil & Gas by 0.3% during the fourth quarter. William Blair Investment Management LLC now owns 1,679,335 shares of the oil and gas producer’s stock valued at $35,736,000 after purchasing an additional 5,450 shares in the last quarter. Lion Point Capital LP purchased a new position in shares of Carrizo Oil & Gas during the fourth quarter valued at about $42,560,000. Finally, AXA grew its position in shares of Carrizo Oil & Gas by 338.5% during the fourth quarter. AXA now owns 101,300 shares of the oil and gas producer’s stock valued at $2,156,000 after purchasing an additional 78,200 shares in the last quarter.

Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of 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 Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.