Carrizo Oil & Gas, Inc. (CRZO) Downgraded to “Hold” at Jefferies Group LLC

Jefferies Group LLC downgraded shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) from a buy rating to a hold rating in a research note released on Monday.

A number of other research firms have also commented on CRZO. BidaskClub raised shares of Carrizo Oil & Gas from a strong sell rating to a sell rating in a research note on Wednesday, June 14th. Seaport Global Securities lowered shares of Carrizo Oil & Gas from a buy rating to a sell rating in a research note on Wednesday, June 21st. J P Morgan Chase & Co lowered shares of Carrizo Oil & Gas from an overweight rating to a neutral rating and decreased their price objective for the stock from $30.00 to $21.00 in a research note on Thursday, July 20th. Williams Capital reaffirmed a buy rating and issued a $26.00 price objective on shares of Carrizo Oil & Gas in a research note on Monday. Finally, Mizuho reaffirmed a buy rating and issued a $32.00 price objective on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $34.21.

Carrizo Oil & Gas (NASDAQ CRZO) opened at 16.51 on Monday. The firm’s market capitalization is $1.34 billion. The firm has a 50-day moving average price of $14.43 and a 200 day moving average price of $19.23. Carrizo Oil & Gas has a one year low of $11.10 and a one year high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The firm had revenue of $166.50 million during the quarter, compared to analyst estimates of $163.22 million. During the same quarter last year, the business posted $0.29 EPS. The company’s revenue was up 55.2% on a year-over-year basis. Equities research analysts anticipate that Carrizo Oil & Gas will post $1.10 earnings per share for the current year.

WARNING: This piece was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/10/carrizo-oil-gas-inc-crzo-downgraded-to-hold-at-jefferies-group-llc.html.

In other Carrizo Oil & Gas news, Director Steven A. Webster purchased 151,900 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average price of $13.56 per share, for a total transaction of $2,059,764.00. Following the acquisition, the director now owns 2,724,410 shares of the company’s stock, valued at $36,942,999.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Webster purchased 75,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average price of $11.70 per share, for a total transaction of $877,500.00. Following the acquisition, the director now directly owns 2,786,310 shares in the company, valued at approximately $32,599,827. The disclosure for this purchase can be found here. Insiders have bought a total of 431,600 shares of company stock worth $5,602,306 in the last 90 days. 6.00% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in CRZO. BlackRock Inc. raised its holdings in shares of Carrizo Oil & Gas by 20,572.2% during the 1st quarter. BlackRock Inc. now owns 8,555,207 shares of the oil and gas producer’s stock valued at $245,193,000 after purchasing an additional 8,513,822 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Carrizo Oil & Gas by 89.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock valued at $46,322,000 after purchasing an additional 1,256,160 shares in the last quarter. Marshall Wace North America L.P. raised its holdings in shares of Carrizo Oil & Gas by 2,349.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 897,901 shares of the oil and gas producer’s stock valued at $15,264,000 after purchasing an additional 861,245 shares in the last quarter. State Street Corp raised its holdings in shares of Carrizo Oil & Gas by 28.7% during the 2nd quarter. State Street Corp now owns 3,815,021 shares of the oil and gas producer’s stock valued at $66,454,000 after purchasing an additional 850,815 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of Carrizo Oil & Gas by 17.0% during the 2nd quarter. Frontier Capital Management Co. LLC now

A number of other research firms have also commented on CRZO. BidaskClub raised shares of Carrizo Oil & Gas from a strong sell rating to a sell rating in a research note on Wednesday, June 14th. Seaport Global Securities lowered shares of Carrizo Oil & Gas from a buy rating to a sell rating in a research note on Wednesday, June 21st. J P Morgan Chase & Co lowered shares of Carrizo Oil & Gas from an overweight rating to a neutral rating and decreased their price objective for the stock from $30.00 to $21.00 in a research note on Thursday, July 20th. Williams Capital reaffirmed a buy rating and issued a $26.00 price objective on shares of Carrizo Oil & Gas in a research note on Monday. Finally, Mizuho reaffirmed a buy rating and issued a $32.00 price objective on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $34.21.

Carrizo Oil & Gas (NASDAQ CRZO) opened at 16.51 on Monday. The firm’s market capitalization is $1.34 billion. The firm has a 50-day moving average price of $14.43 and a 200 day moving average price of $19.23. Carrizo Oil & Gas has a one year low of $11.10 and a one year high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The firm had revenue of $166.50 million during the quarter, compared to analyst estimates of $163.22 million. During the same quarter last year, the business posted $0.29 EPS. The company’s revenue was up 55.2% on a year-over-year basis. Equities research analysts anticipate that Carrizo Oil & Gas will post $1.10 earnings per share for the current year.

WARNING: This piece was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/10/carrizo-oil-gas-inc-crzo-downgraded-to-hold-at-jefferies-group-llc.html.

In other Carrizo Oil & Gas news, Director Steven A. Webster purchased 151,900 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average price of $13.56 per share, for a total transaction of $2,059,764.00. Following the acquisition, the director now owns 2,724,410 shares of the company’s stock, valued at $36,942,999.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Webster purchased 75,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average price of $11.70 per share, for a total transaction of $877,500.00. Following the acquisition, the director now directly owns 2,786,310 shares in the company, valued at approximately $32,599,827. The disclosure for this purchase can be found here. Insiders have bought a total of 431,600 shares of company stock worth $5,602,306 in the last 90 days. 6.00% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in CRZO. BlackRock Inc. raised its holdings in shares of Carrizo Oil & Gas by 20,572.2% during the 1st quarter. BlackRock Inc. now owns 8,555,207 shares of the oil and gas producer’s stock valued at $245,193,000 after purchasing an additional 8,513,822 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Carrizo Oil & Gas by 89.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock valued at $46,322,000 after purchasing an additional 1,256,160 shares in the last quarter. Marshall Wace North America L.P. raised its holdings in shares of Carrizo Oil & Gas by 2,349.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 897,901 shares of the oil and gas producer’s stock valued at $15,264,000 after purchasing an additional 861,245 shares in the last quarter. State Street Corp raised its holdings in shares of Carrizo Oil & Gas by 28.7% during the 2nd quarter. State Street Corp now owns 3,815,021 shares of the oil and gas producer’s stock valued at $66,454,000 after purchasing an additional 850,815 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of Carrizo Oil & Gas by 17.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 4,905,089 shares of the oil and gas producer’s stock valued at $85,447,000 after purchasing an additional 714,257 shares in the last quarter.

Carrizo Oil & Gas Company Profile

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)

Receive News & Ratings for Carrizo Oil & Gas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply