Carrizo Oil & Gas (CRZO) Lowered to Hold at BidaskClub

Carrizo Oil & Gas (NASDAQ:CRZO) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, January 18th.

Other equities analysts have also recently issued research reports about the stock. SunTrust Banks set a $20.00 target price on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, January 10th. Raymond James Financial set a $28.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Tuesday, December 12th. Piper Jaffray Companies reiterated a “hold” rating on shares of Carrizo Oil & Gas in a report on Thursday, December 14th. Finally, Williams Capital reiterated a “buy” rating and set a $26.00 price target on shares of Carrizo Oil & Gas in a report on Wednesday, November 8th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Carrizo Oil & Gas has a consensus rating of “Buy” and a consensus price target of $30.60.

Shares of Carrizo Oil & Gas (NASDAQ CRZO) traded up $0.66 during midday trading on Thursday, hitting $18.37. 3,528,964 shares of the company traded hands, compared to its average volume of 2,940,000. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market capitalization of $1,500.00, a PE ratio of 11.85 and a beta of 2.08. Carrizo Oil & Gas has a 12-month low of $11.10 and a 12-month high of $34.78.

In other news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 216,581 shares of the company’s stock, valued at $5,180,617.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 24,000 shares of company stock worth $489,440. Corporate insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in 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 raised its holdings in 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 raised its holdings in 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. raised its holdings in 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 raised its holdings in 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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