Piper Jaffray Companies Reiterates Hold Rating for Carrizo Oil & Gas (CRZO)

Carrizo Oil & Gas (NASDAQ:CRZO)‘s stock had its “hold” rating reissued by investment analysts at Piper Jaffray Companies in a research report issued on Tuesday. They currently have a $37.00 price objective on the oil and gas producer’s stock. Piper Jaffray Companies’ price objective points to a potential upside of 56.25% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Scotiabank reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Carrizo Oil & Gas in a research note on Wednesday, November 8th. Williams Capital reissued a “buy” rating and set a $26.00 price target on shares of Carrizo Oil & Gas in a research note on Wednesday, November 8th. KeyCorp reissued a “buy” rating on shares of Carrizo Oil & Gas in a research note on Friday, October 20th. Zacks Investment Research raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Monday, October 9th. 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 note on Friday, September 15th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.33.

Carrizo Oil & Gas (NASDAQ CRZO) traded down $0.47 during trading hours on Tuesday, hitting $23.68. The stock had a trading volume of 3,386,500 shares, compared to its average volume of 2,593,786. The company has a market cap of $2,000.00, a price-to-earnings ratio of 15.28 and a beta of 2.18. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $37.47. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.32 and a quick ratio of 0.32.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.09. The business had revenue of $181.28 million during the quarter, compared to analyst estimates of $177.97 million. Carrizo Oil & Gas had a return on equity of 58.37% and a net margin of 16.08%. The company’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS. analysts expect that Carrizo Oil & Gas will post 1.4 earnings per share for the current year.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $18.69, for a total transaction of $149,520.00. Following the transaction, the insider now directly owns 231,194 shares in the company, valued at approximately $4,321,015.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in Carrizo Oil & Gas by 15.0% during the 2nd quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock worth $157,000 after purchasing an additional 1,177 shares during the period. ETRADE Capital Management LLC increased its holdings in shares of Carrizo Oil & Gas by 7.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 19,253 shares of the oil and gas producer’s stock valued at $335,000 after acquiring an additional 1,332 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Carrizo Oil & Gas by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,233 shares of the oil and gas producer’s stock valued at $858,000 after acquiring an additional 1,432 shares during the period. Advisor Group Inc. increased its holdings in shares of Carrizo Oil & Gas by 47.4% in the 2nd quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock valued at $141,000 after acquiring an additional 2,611 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of Carrizo Oil & Gas by 3.2% in the 2nd quarter. Teachers Advisors LLC now owns 110,809 shares of the oil and gas producer’s stock valued at $1,930,000 after acquiring an additional 3,423 shares during the period. Institutional investors own 99.96% of the company’s stock.

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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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