Carrizo Oil & Gas Inc (CRZO) Given a $21.00 Price Target by Mizuho Analysts

Carrizo Oil & Gas Inc (NASDAQ:CRZO) has been given a $21.00 price target by equities researchers at Mizuho in a research note issued on Friday. The firm presently has a “hold” rating on the oil and gas producer’s stock. Mizuho’s price objective suggests a potential upside of 4.74% from the stock’s previous close.

Several other research firms also recently issued reports on CRZO. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $24.00 price objective on shares of Carrizo Oil & Gas in a report on Friday, November 10th. Williams Capital reaffirmed a “buy” rating and set a $26.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday, November 8th. Scotiabank reaffirmed a “buy” rating and set a $33.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday, November 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $23.00 target price (up from $20.00) on shares of Carrizo Oil & Gas in a research note on Thursday, November 9th. Finally, BMO Capital Markets set a $23.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $28.47.

Carrizo Oil & Gas (NASDAQ CRZO) traded down $0.11 during midday trading on Friday, hitting $20.05. 1,730,000 shares of the company traded hands, compared to its average volume of 3,300,000. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.38. The company has a market cap of $1,630.00, a P/E ratio of 16.04 and a beta of 2.20. Carrizo Oil & Gas has a fifty-two week low of $11.10 and a fifty-two week high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.09. The business had revenue of $181.28 million during the quarter, compared to the consensus estimate of $177.97 million. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. Carrizo Oil & Gas’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. sell-side analysts anticipate that Carrizo Oil & Gas will post 1.31 earnings per share for the current fiscal year.

In other Carrizo Oil & Gas news, Director Steven A. Webster acquired 75,000 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was bought at an average price of $11.70 per share, for a total transaction of $877,500.00. Following the purchase, the director now owns 2,786,310 shares in the company, valued at approximately $32,599,827. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven A. Webster acquired 25,000 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was acquired at an average price of $12.67 per share, with a total value of $316,750.00. Following the purchase, the director now owns 2,826,310 shares in the company, valued at approximately $35,809,347.70. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 175,000 shares of company stock valued at $2,104,000. Corporate insiders own 6.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Kings Point Capital Management increased its position in shares of Carrizo Oil & Gas by 220.0% during the 2nd quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after purchasing an additional 5,500 shares in the last quarter. Advisor Group Inc. increased its position in shares of Carrizo Oil & Gas by 47.4% during the 2nd quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 2,611 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Carrizo Oil & Gas by 15.0% during the 2nd quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock worth $157,000 after purchasing an additional 1,177 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Carrizo Oil & Gas during the 3rd quarter worth about $182,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Carrizo Oil & Gas during the 2nd quarter worth about $202,000.

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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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