Carrizo Oil & Gas (NASDAQ:CRZO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, exploitation and production of oil and natural gas primarily in proven trends in the Barnett Shale area in North Texas and along the Texas and Louisiana onshore Gulf Coast regions. Carrizo controls significant prospective acreage blocks and utilizes advanced three-D seismic techniques to identify potential oil and gas reserves and drilling opportunities. “

Other equities analysts have also recently issued research reports about the stock. Jefferies Group reissued a “buy” rating and set a $25.00 price objective (down previously from $64.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, August 29th. BMO Capital Markets set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Saturday, August 12th. Williams Capital set a $35.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and set a $23.00 price objective on shares of Carrizo Oil & Gas in a research report on Friday, September 15th. Finally, SunTrust Banks set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $28.76.

Carrizo Oil & Gas (CRZO) opened at $19.66 on Monday. The stock has a market cap of $1,647.01, a PE ratio of 16.18 and a beta of 2.18. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.38. Carrizo Oil & Gas has a 1 year low of $11.10 and a 1 year high of $42.75.

Carrizo Oil & Gas (NASDAQ:CRZO) last released 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 Zacks’ consensus estimate of $0.24 by $0.09. The company had revenue of $181.28 million for the quarter, compared to analysts’ expectations of $177.97 million. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The business’s revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. research analysts forecast that Carrizo Oil & Gas will post 1.32 earnings per share for the current fiscal year.

In other news, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total transaction of $149,520.00. Following the completion of the sale, the insider now owns 231,194 shares in the company, valued at approximately $4,321,015.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven A. Webster purchased 75,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were bought at an average price of $11.70 per share, with a total value of $877,500.00. Following the purchase, the director now owns 2,786,310 shares in the company, valued at $32,599,827. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Several hedge funds have recently modified their holdings of CRZO. Teachers Advisors LLC increased its stake in shares of Carrizo Oil & Gas by 8.0% during the 1st quarter. Teachers Advisors LLC now owns 107,386 shares of the oil and gas producer’s stock worth $3,078,000 after purchasing an additional 7,946 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Carrizo Oil & Gas by 25.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 31,200 shares of the oil and gas producer’s stock worth $544,000 after purchasing an additional 6,300 shares during the last quarter. Aperio Group LLC increased its stake in shares of Carrizo Oil & Gas by 271.3% during the 2nd quarter. Aperio Group LLC now owns 42,216 shares of the oil and gas producer’s stock worth $735,000 after purchasing an additional 30,845 shares during the last quarter. US Bancorp DE increased its stake in shares of Carrizo Oil & Gas by 15.4% during the 2nd quarter. US Bancorp DE now owns 32,593 shares of the oil and gas producer’s stock worth $568,000 after purchasing an additional 4,347 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Carrizo Oil & Gas by 1.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 100,179 shares of the oil and gas producer’s stock worth $1,745,000 after purchasing an additional 1,734 shares during the last quarter.

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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)

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