Carrizo Oil & Gas (CRZO) Given Hold Rating at Piper Jaffray Companies
Piper Jaffray Companies reiterated their hold rating on shares of Carrizo Oil & Gas (NASDAQ:CRZO) in a report released on Tuesday morning. They currently have a $37.00 price objective on the oil and gas producer’s stock.
Other research analysts have also recently issued reports about the stock. Scotiabank restated a buy rating and issued a $33.00 price target on shares of Carrizo Oil & Gas in a report on Wednesday, November 8th. Williams Capital restated a buy rating and issued a $26.00 price target on shares of Carrizo Oil & Gas in a report on Wednesday, November 8th. KeyCorp restated a buy rating on shares of Carrizo Oil & Gas in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a hold rating to a buy rating and set a $19.00 price target on the stock in a report on Monday, October 9th. Finally, Royal Bank of Canada restated a buy rating and issued a $23.00 price target on shares of Carrizo Oil & Gas in a report on Friday, September 15th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $29.50.
Carrizo Oil & Gas (NASDAQ:CRZO) traded down $0.24 during mid-day trading on Tuesday, reaching $24.33. 3,084,998 shares of the company’s stock were exchanged, compared to its average volume of 2,816,600. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.32 and a quick ratio of 0.32. Carrizo Oil & Gas has a fifty-two week low of $11.10 and a fifty-two week high of $37.47. The company has a market capitalization of $1,980.00, a PE ratio of 15.70 and a beta of 2.18.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.09. The firm 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 for the quarter was up 63.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. equities research analysts forecast that Carrizo Oil & Gas will post 1.4 earnings per share for the current fiscal year.
In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 8,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $18.57, for a total transaction of $148,560.00. Following the transaction, the chief executive officer now directly owns 223,194 shares in the company, valued at approximately $4,144,712.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of CRZO. Advisor Group Inc. grew its holdings in 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 acquiring an additional 2,611 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Carrizo Oil & Gas by 15.0% during the second quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock valued at $157,000 after buying an additional 1,177 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Carrizo Oil & Gas during the third quarter valued at about $182,000. Affinity Investment Advisors LLC purchased a new stake in shares of Carrizo Oil & Gas during the third quarter valued at about $211,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Carrizo Oil & Gas during the third quarter valued at about $231,000. Institutional investors own 99.96% of the company’s stock.
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.
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