Carrizo Oil & Gas (CRZO) Given a $28.00 Price Target by SunTrust Banks Analysts

SunTrust Banks set a $28.00 price target on Carrizo Oil & Gas (NASDAQ:CRZO) in a research report sent to investors on Friday, January 19th. The firm currently has a buy rating on the oil and gas producer’s stock.

Several other equities research analysts have also weighed in on CRZO. BidaskClub lowered Carrizo Oil & Gas from a buy rating to a hold rating in a research report on Thursday, January 18th. Mizuho set a $27.00 target price on Carrizo Oil & Gas and gave the stock a hold rating in a research report on Tuesday, January 16th. BMO Capital Markets reaffirmed a buy rating and set a $26.00 price target on shares of Carrizo Oil & Gas in a research report on Thursday, January 11th. Zacks Investment Research raised Carrizo Oil & Gas from a hold rating to a buy rating and set a $27.00 price target on the stock in a research report on Wednesday, January 10th. Finally, Piper Jaffray Companies reaffirmed a hold rating and set a $37.00 price target on shares of Carrizo Oil & Gas in a research report on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $30.60.

Shares of Carrizo Oil & Gas (NASDAQ CRZO) traded up $0.31 on Friday, hitting $18.68. The stock had a trading volume of 5,398,148 shares, compared to its average volume of 2,940,000. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 4.38. The stock has a market cap of $1,520.00, a PE ratio of 12.05 and a beta of 2.08. Carrizo Oil & Gas has a fifty-two week low of $11.10 and a fifty-two week high of $34.78.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $23.92, for a total transaction of $191,360.00. Following the sale, the insider now directly owns 216,581 shares in the company, valued at $5,180,617.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 24,000 shares of company stock worth $489,440. 6.00% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Carrizo Oil & Gas by 11.4% in the second quarter. BlackRock Inc. now owns 9,534,149 shares of the oil and gas producer’s stock valued at $166,088,000 after acquiring an additional 978,942 shares in the last quarter. NWQ Investment Management Company LLC lifted its position in shares of Carrizo Oil & Gas by 122.6% in the third quarter. NWQ Investment Management Company LLC now owns 7,261,441 shares of the oil and gas producer’s stock valued at $124,388,000 after acquiring an additional 3,999,717 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Carrizo Oil & Gas by 12.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 7,040,815 shares of the oil and gas producer’s stock valued at $149,829,000 after acquiring an additional 784,124 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Carrizo Oil & Gas by 6.7% in the second quarter. Vanguard Group Inc. now owns 6,427,895 shares of the oil and gas producer’s stock valued at $111,975,000 after acquiring an additional 405,188 shares in the last quarter. Finally, Kimmeridge Energy Management Company LLC lifted its position in shares of Carrizo Oil & Gas by 1,102.0% in the fourth quarter. Kimmeridge Energy Management Company LLC now owns 3,990,500 shares of the oil and gas producer’s stock valued at $84,918,000 after acquiring an additional 3,658,500 shares in the last quarter.

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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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