Carrizo Oil & Gas, Inc. (CRZO) Stock Rating Reaffirmed by Williams Capital

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO)‘s stock had its “buy” rating reaffirmed by analysts at Williams Capital in a research report issued to clients and investors on Monday. They currently have a $26.00 target price on the oil and gas producer’s stock. Williams Capital’s price target would suggest a potential upside of 58.15% from the stock’s current price.

CRZO has been the subject of a number of other reports. Mizuho reiterated a “buy” rating and set a $32.00 price target on shares of Carrizo Oil & Gas in a report on Friday, June 30th. BMO Capital Markets set a $20.00 price target on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Monday, June 26th. Seaport Global Securities lowered Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research note on Wednesday, June 21st. Jefferies Group LLC restated a “buy” rating and issued a $25.00 target price (down from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. Finally, Tudor Pickering lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $33.74.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 16.44 on Monday. The stock’s 50 day moving average is $14.52 and its 200-day moving average is $19.15. The stock’s market cap is $1.34 billion. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results 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 positive return on equity of 1,494.45% and a negative net margin of 0.98%. The company had revenue of $166.50 million during the quarter, compared to analyst estimates of $163.22 million. During the same period in the previous year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 55.2% compared to the same quarter last year. On average, analysts anticipate that Carrizo Oil & Gas will post $1.09 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Carrizo Oil & Gas, Inc. (CRZO) Stock Rating Reaffirmed by Williams Capital” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/11/carrizo-oil-gas-inc-crzo-stock-rating-reaffirmed-by-williams-capital.html.

In other Carrizo Oil & Gas news, Director Steven A. Webster bought 151,900 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were bought at an average price of $13.56 per share, for a total transaction of $2,059,764.00. Following the completion of the acquisition, the director now owns 2,724,410 shares of the company’s stock, valued at $36,942,999.60. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Webster bought 75,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $13.89 per share, for a total transaction of $1,041,750.00. Following the acquisition, the director now directly owns 2,724,410 shares of the company’s stock, valued at approximately $37,842,054.90. The disclosure for this purchase can be found here. Insiders have bought 431,600 shares of company stock worth $5,602,306 in the last 90 days. Company insiders own 6.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Carrizo Oil & Gas by 6.4% during the second quarter. SG Americas Securities LLC now owns 79,499 shares of the oil and gas producer’s stock worth $1,385,000 after purchasing an additional 4,785 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Carrizo Oil & Gas during the second quarter worth $4,147,000. Pacad Investment Ltd. bought a new stake in shares of Carrizo Oil & Gas during the second quarter worth $1,246,000. Vanguard Group Inc. grew its holdings in shares of Carrizo Oil & Gas by 6.2% during the first quarter. Vanguard Group Inc. now owns 6,022,707 shares of the oil and gas producer’s stock worth $172,611,000 after purchasing an additional 350,219 shares during t

CRZO has been the subject of a number of other reports. Mizuho reiterated a “buy” rating and set a $32.00 price target on shares of Carrizo Oil & Gas in a report on Friday, June 30th. BMO Capital Markets set a $20.00 price target on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Monday, June 26th. Seaport Global Securities lowered Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research note on Wednesday, June 21st. Jefferies Group LLC restated a “buy” rating and issued a $25.00 target price (down from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. Finally, Tudor Pickering lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $33.74.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 16.44 on Monday. The stock’s 50 day moving average is $14.52 and its 200-day moving average is $19.15. The stock’s market cap is $1.34 billion. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results 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 positive return on equity of 1,494.45% and a negative net margin of 0.98%. The company had revenue of $166.50 million during the quarter, compared to analyst estimates of $163.22 million. During the same period in the previous year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 55.2% compared to the same quarter last year. On average, analysts anticipate that Carrizo Oil & Gas will post $1.09 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Carrizo Oil & Gas, Inc. (CRZO) Stock Rating Reaffirmed by Williams Capital” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/11/carrizo-oil-gas-inc-crzo-stock-rating-reaffirmed-by-williams-capital.html.

In other Carrizo Oil & Gas news, Director Steven A. Webster bought 151,900 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were bought at an average price of $13.56 per share, for a total transaction of $2,059,764.00. Following the completion of the acquisition, the director now owns 2,724,410 shares of the company’s stock, valued at $36,942,999.60. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Webster bought 75,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $13.89 per share, for a total transaction of $1,041,750.00. Following the acquisition, the director now directly owns 2,724,410 shares of the company’s stock, valued at approximately $37,842,054.90. The disclosure for this purchase can be found here. Insiders have bought 431,600 shares of company stock worth $5,602,306 in the last 90 days. Company insiders own 6.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Carrizo Oil & Gas by 6.4% during the second quarter. SG Americas Securities LLC now owns 79,499 shares of the oil and gas producer’s stock worth $1,385,000 after purchasing an additional 4,785 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Carrizo Oil & Gas during the second quarter worth $4,147,000. Pacad Investment Ltd. bought a new stake in shares of Carrizo Oil & Gas during the second quarter worth $1,246,000. Vanguard Group Inc. grew its holdings in shares of Carrizo Oil & Gas by 6.2% during the first quarter. Vanguard Group Inc. now owns 6,022,707 shares of the oil and gas producer’s stock worth $172,611,000 after purchasing an additional 350,219 shares during the last quarter. Finally, Penn Capital Management Co. Inc. bought a new stake in shares of Carrizo Oil & Gas during the second quarter worth $392,000.

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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