Carrizo Oil & Gas (CRZO) Earns Hold Rating from Analysts at Deutsche Bank

Deutsche Bank started coverage on shares of Carrizo Oil & Gas (NASDAQ:CRZO) in a research report released on Wednesday. The firm issued a hold rating and a $20.00 target price on the oil and gas producer’s stock.

CRZO has been the subject of several other reports. Citigroup assumed coverage on shares of Carrizo Oil & Gas in a research report on Friday, December 22nd. They set a neutral rating and a $26.00 price objective for the company. KeyCorp set a $26.00 price objective on shares of Carrizo Oil & Gas and gave the stock a buy rating in a research report on Sunday, January 21st. Johnson Rice cut shares of Carrizo Oil & Gas from a buy rating to an accumulate rating in a research report on Tuesday, February 27th. Raymond James Financial set a $28.00 price objective on shares of Carrizo Oil & Gas and gave the stock a buy rating in a research report on Tuesday, December 12th. Finally, JPMorgan Chase raised their price objective on shares of Carrizo Oil & Gas from $24.00 to $28.00 and gave the stock a neutral rating in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $26.89.

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Carrizo Oil & Gas stock opened at $16.52 on Wednesday. Carrizo Oil & Gas has a 12-month low of $11.10 and a 12-month high of $29.10. The stock has a market cap of $1,345.48, a P/E ratio of 11.88 and a beta of 2.10. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.39.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Monday, February 26th. The oil and gas producer reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.12. Carrizo Oil & Gas had a net margin of 11.68% and a return on equity of 48.04%. The firm had revenue of $246.77 million during the quarter, compared to analysts’ expectations of $238.06 million. During the same period last year, the business earned $0.44 earnings per share. Carrizo Oil & Gas’s revenue was up 71.6% compared to the same quarter last year. equities research analysts predict that Carrizo Oil & Gas will post 2.56 earnings per share for the current year.

In other news, VP Gregory F. Conaway sold 4,453 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $14.84, for a total value of $66,082.52. Following the completion of the transaction, the vice president now owns 13,228 shares of the company’s stock, valued at $196,303.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $23.92, for a total transaction of $191,360.00. Following the completion of the transaction, the insider now directly owns 216,581 shares of the company’s stock, valued at approximately $5,180,617.52. The disclosure for this sale can be found here. In the last three months, insiders sold 111,304 shares of company stock valued at $1,758,276. Insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CRZO. Nationwide Fund Advisors lifted its stake in Carrizo Oil & Gas by 14.3% in the third quarter. Nationwide Fund Advisors now owns 39,989 shares of the oil and gas producer’s stock worth $685,000 after acquiring an additional 5,008 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Carrizo Oil & Gas in the third quarter worth approximately $283,000. Municipal Employees Retirement System of Michigan lifted its stake in Carrizo Oil & Gas by 99.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 29,120 shares of the oil and gas producer’s stock worth $499,000 after acquiring an additional 14,500 shares during the last quarter. Rhumbline Advisers lifted its stake in Carrizo Oil & Gas by 16.3% in the third quarter. Rhumbline Advisers now owns 148,505 shares of the oil and gas producer’s stock worth $2,544,000 after acquiring an additional 20,781 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Carrizo Oil & Gas by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 936,248 shares of the oil and gas producer’s stock worth $16,037,000 after acquiring an additional 38,231 shares during the last quarter.

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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.

Analyst Recommendations for Carrizo Oil & Gas (NASDAQ:CRZO)

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