Weekly Investment Analysts’ Ratings Changes for Carrizo Oil & Gas (CRZO)

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Several analysts have recently updated their ratings and price targets for Carrizo Oil & Gas (NASDAQ: CRZO):

  • 4/9/2019 – Carrizo Oil & Gas is now covered by analysts at Cowen Inc. They set a “market perform” rating and a $16.00 price target on the stock.
  • 4/5/2019 – Carrizo Oil & Gas was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/30/2019 – Carrizo Oil & Gas was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/28/2019 – Carrizo Oil & Gas is now covered by analysts at Stephens. They set an “equal weight” rating and a $15.00 price target on the stock.
  • 3/20/2019 – Carrizo Oil & Gas was upgraded by analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating.
  • 3/14/2019 – Carrizo Oil & Gas was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 3/13/2019 – Carrizo Oil & Gas was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 3/1/2019 – Carrizo Oil & Gas was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 2/28/2019 – Carrizo Oil & Gas was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 2/27/2019 – Carrizo Oil & Gas had its price target lowered by analysts at MKM Partners to $18.00. They now have a “buy” rating on the stock.
  • 2/26/2019 – Carrizo Oil & Gas had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 2/26/2019 – Carrizo Oil & Gas was given a new $19.00 price target on by analysts at Williams Capital. They now have a “buy” rating on the stock.
  • 2/26/2019 – Carrizo Oil & Gas had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $25.00 price target on the stock.
  • 2/15/2019 – Carrizo Oil & Gas was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 2/14/2019 – Carrizo Oil & Gas was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. 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. “

NASDAQ:CRZO traded down $0.32 during trading hours on Monday, reaching $12.60. 2,839,900 shares of the company’s stock were exchanged, compared to its average volume of 3,311,864. The stock has a market cap of $1.16 billion, a P/E ratio of 4.53, a P/E/G ratio of 0.18 and a beta of 2.28. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.47. Carrizo Oil & Gas Inc has a 1-year low of $9.67 and a 1-year high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Monday, February 25th. The oil and gas producer reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). The business had revenue of $273.30 million for the quarter, compared to analyst estimates of $268.91 million. Carrizo Oil & Gas had a return on equity of 42.15% and a net margin of 37.94%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. Sell-side analysts expect that Carrizo Oil & Gas Inc will post 2.58 EPS for the current fiscal year.

In related news, VP Gregory F. Conaway sold 5,644 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $12.11, for a total transaction of $68,348.84. Following the completion of the sale, the vice president now owns 29,552 shares in the company, valued at approximately $357,874.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David L. Pitts sold 22,109 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $12.11, for a total transaction of $267,739.99. Following the sale, the chief financial officer now owns 130,018 shares of the company’s stock, valued at approximately $1,574,517.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,523 shares of company stock valued at $1,583,354. 5.40% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Cypress Capital Management LLC WY acquired a new stake in Carrizo Oil & Gas during the 4th quarter worth $58,000. Advisor Group Inc. raised its position in Carrizo Oil & Gas by 276.2% during the 4th quarter. Advisor Group Inc. now owns 7,333 shares of the oil and gas producer’s stock worth $83,000 after buying an additional 5,384 shares during the last quarter. Advisory Services Network LLC purchased a new position in Carrizo Oil & Gas during the 4th quarter worth $90,000. LS Investment Advisors LLC raised its position in Carrizo Oil & Gas by 244.1% during the 4th quarter. LS Investment Advisors LLC now owns 8,001 shares of the oil and gas producer’s stock worth $90,000 after buying an additional 5,676 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Carrizo Oil & Gas during the 4th quarter worth $107,000.

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

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