Carrizo Oil & Gas (CRZO) Given a $38.00 Price Target by Williams Capital Analysts

Williams Capital set a $38.00 target price on Carrizo Oil & Gas (NASDAQ:CRZO) in a research note published on Tuesday morning. The brokerage currently has a buy rating on the oil and gas producer’s stock.

A number of other analysts also recently issued reports on the company. ValuEngine downgraded Carrizo Oil & Gas from a sell rating to a strong sell rating in a research report on Thursday, November 1st. Ifs Securities began coverage on Carrizo Oil & Gas in a report on Monday, October 29th. They set an outperform rating for the company. Zacks Investment Research upgraded Carrizo Oil & Gas from a hold rating to a buy rating and set a $20.00 target price for the company in a report on Thursday, October 25th. BidaskClub cut Carrizo Oil & Gas from a hold rating to a sell rating in a report on Friday, October 19th. Finally, Jefferies Financial Group upgraded Carrizo Oil & Gas from a hold rating to a buy rating and set a $28.00 target price for the company in a report on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $29.78.

Shares of NASDAQ:CRZO traded up $1.13 during midday trading on Tuesday, reaching $20.12. 45,960 shares of the company’s stock were exchanged, compared to its average volume of 2,030,890. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.59 and a beta of 2.28. Carrizo Oil & Gas has a fifty-two week low of $13.49 and a fifty-two week high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Monday, November 5th. The oil and gas producer reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.15. The firm had revenue of $303.40 million during the quarter, compared to the consensus estimate of $265.34 million. Carrizo Oil & Gas had a return on equity of 52.59% and a net margin of 5.84%. The company’s quarterly revenue was up 67.3% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. As a group, equities research analysts predict that Carrizo Oil & Gas will post 2.97 earnings per share for the current fiscal year.

In other news, COO John Bradley Fisher sold 7,500 shares of the firm’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $25.01, for a total transaction of $187,575.00. Following the sale, the chief operating officer now owns 157,436 shares of the company’s stock, valued at approximately $3,937,474.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $22.55, for a total value of $180,400.00. Following the sale, the chief executive officer now directly owns 180,276 shares in the company, valued at approximately $4,065,223.80. The disclosure for this sale can be found here. Insiders have sold a total of 31,500 shares of company stock worth $737,095 in the last three months. Corporate insiders own 5.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CRZO. State of Alaska Department of Revenue increased its position in Carrizo Oil & Gas by 8.1% during the third quarter. State of Alaska Department of Revenue now owns 27,559 shares of the oil and gas producer’s stock worth $694,000 after buying an additional 2,065 shares during the period. PNC Financial Services Group Inc. increased its position in Carrizo Oil & Gas by 91.0% during the second quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the oil and gas producer’s stock worth $156,000 after buying an additional 2,680 shares during the period. Louisiana State Employees Retirement System increased its position in Carrizo Oil & Gas by 7.7% during the third quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the oil and gas producer’s stock worth $948,000 after buying an additional 2,700 shares during the period. Aperio Group LLC increased its position in Carrizo Oil & Gas by 7.1% during the second quarter. Aperio Group LLC now owns 43,010 shares of the oil and gas producer’s stock worth $1,198,000 after buying an additional 2,844 shares during the period. Finally, Texas Permanent School Fund increased its position in Carrizo Oil & Gas by 6.5% during the third quarter. Texas Permanent School Fund now owns 53,609 shares of the oil and gas producer’s stock worth $1,351,000 after buying an additional 3,290 shares during the period.

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.

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

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