Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) PT Set at $17.00 by Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) set a $17.00 price target on Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) in a research note issued to investors on Thursday, October 19th. The firm currently has a hold rating on the oil and gas producer’s stock.

Other equities research analysts have also recently issued reports about the stock. Mizuho reaffirmed a buy rating and issued a $32.00 price objective on shares of Carrizo Oil & Gas in a research report on Friday, June 30th. BMO Capital Markets set a $20.00 price target on shares of Carrizo Oil & Gas and gave the stock a buy rating in a research report on Monday, June 26th. Williams Capital set a $35.00 price target on shares of Carrizo Oil & Gas and gave the stock a buy rating in a research report on Tuesday, August 8th. Jefferies Group LLC reissued a buy rating and set a $25.00 price target (down from $64.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, August 29th. Finally, Royal Bank Of Canada reissued a buy rating and set a $23.00 price target on shares of Carrizo Oil & Gas in a research report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Carrizo Oil & Gas currently has an average rating of Hold and a consensus target price of $30.68.

Shares of Carrizo Oil & Gas (CRZO) opened at 16.00 on Thursday. The firm’s market cap is $1.30 billion. The firm has a 50-day moving average price of $15.29 and a 200-day moving average price of $18.23. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $166.50 million for the quarter, compared to analysts’ expectations of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The business’s quarterly revenue was up 55.2% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. Analysts predict that Carrizo Oil & Gas will post $1.09 EPS for the current fiscal year.

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In other Carrizo Oil & Gas news, Director Steven A. Webster purchased 25,000 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was purchased at an average cost of $12.67 per share, for a total transaction of $316,750.00. Following the transaction, the director now owns 2,826,310 shares in the company, valued at approximately $35,809,347.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Webster purchased 75,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was acquired at an average price of $13.89 per share, with a total value of $1,041,750.00. Following the completion of the transaction, the director now owns 2,724,410 shares in the company, 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 valued at $5,602,306. 6.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CRZO. Point72 Asia Hong Kong Ltd increased its position 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 worth $101,000 after buying an additional 3,207 shares during the period. Kings Point Capital Management increased its position 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 worth $139,000 after buying an additional 5,500 shares during the period. Advisor Group Inc. increased its position 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 worth $141,000 after buying an additional 2,611 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Carrizo Oil & Gas during the first quarter worth $150,000. Finally, Van ECK Associates Corp increased its position in shares of Carrizo Oil & Gas by 15.0% during the second quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock worth $157,000 after buying an additional 1,177 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.

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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