Carrizo Oil & Gas (NASDAQ:CRZO) Research Coverage Started at Wells Fargo & Co

Equities researchers at Wells Fargo & Co started coverage on shares of Carrizo Oil & Gas (NASDAQ:CRZO) in a research note issued on Monday, May 20th, MarketBeat reports. The firm set a “market perform” rating and a $15.00 price target on the oil and gas producer’s stock. Wells Fargo & Co‘s price target would indicate a potential upside of 57.07% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. BidaskClub upgraded shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Saturday, March 30th. Stephens began coverage on shares of Carrizo Oil & Gas in a research report on Thursday, March 28th. They set an “equal weight” rating and a $15.00 target price for the company. Ifs Securities downgraded shares of Carrizo Oil & Gas from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $15.00 to $13.00 in a report on Tuesday, April 23rd. Finally, Oppenheimer reissued a “hold” rating on shares of Carrizo Oil & Gas in a report on Tuesday, February 26th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. Carrizo Oil & Gas currently has a consensus rating of “Hold” and a consensus target price of $22.03.

CRZO traded up $0.28 during trading on Monday, hitting $9.55. 3,597,776 shares of the company’s stock were exchanged, compared to its average volume of 3,482,863. Carrizo Oil & Gas has a fifty-two week low of $9.07 and a fifty-two week high of $31.57. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.55. The company has a market cap of $881.99 million, a price-to-earnings ratio of 3.44, a PEG ratio of 0.12 and a beta of 2.29.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Tuesday, May 7th. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.07. Carrizo Oil & Gas had a net margin of 49.20% and a return on equity of 32.14%. The firm had revenue of $233.04 million during the quarter, compared to analyst estimates of $228.41 million. During the same quarter in the prior year, the business posted $0.48 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts forecast that Carrizo Oil & Gas will post 2.88 earnings per share for the current fiscal year.

In other Carrizo Oil & Gas news, COO John Bradley Fisher sold 30,755 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $12.11, for a total transaction of $372,443.05. Following the completion of the sale, the chief operating officer now directly owns 208,460 shares in the company, valued at approximately $2,524,450.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gregory F. Conaway sold 5,644 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $12.11, for a total value of $68,348.84. Following the sale, the vice president now owns 29,552 shares of the company’s stock, valued at $357,874.72. The disclosure for this sale can be found here. In the last three months, insiders sold 122,523 shares of company stock valued at $1,491,834. 4.80% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund bought a new position in shares of Carrizo Oil & Gas during the 4th quarter valued at approximately $32,000. Cypress Capital Management LLC WY bought a new position in shares of Carrizo Oil & Gas during the 4th quarter valued at approximately $58,000. First Quadrant L P CA bought a new position in shares of Carrizo Oil & Gas during the 1st quarter valued at approximately $63,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Carrizo Oil & Gas by 24.8% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,058 shares of the oil and gas producer’s stock valued at $69,000 after acquiring an additional 1,205 shares during the period. Finally, Advisor Group Inc. grew its stake in shares of 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 valued at $83,000 after acquiring an additional 5,384 shares during the period.

About Carrizo Oil & Gas

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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Analyst Recommendations for Carrizo Oil & Gas (NASDAQ:CRZO)

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