Carrizo Oil & Gas (NASDAQ:CRZO) Cut to Hold at Williams Capital

Williams Capital lowered shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a buy rating to a hold rating in a research report sent to investors on Monday morning, The Fly reports.

A number of other research analysts have also recently commented on CRZO. Northland Securities cut shares of Carrizo Oil & Gas from an outperform rating to a market perform rating and reduced their target price for the stock from $25.00 to $11.00 in a research report on Thursday, July 18th. Zacks Investment Research cut shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research report on Wednesday, July 24th. Johnson Rice cut shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research report on Monday, July 29th. BidaskClub raised shares of Carrizo Oil & Gas from a sell rating to a hold rating in a research report on Friday, August 16th. Finally, MKM Partners reissued a neutral rating and set a $11.00 target price (down from $19.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $15.89.

NASDAQ CRZO opened at $9.13 on Monday. The company’s fifty day simple moving average is $9.51 and its 200-day simple moving average is $11.07. Carrizo Oil & Gas has a 52 week low of $7.92 and a 52 week high of $26.67. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.43. The stock has a market cap of $829.25 million, a P/E ratio of 3.28, a PEG ratio of 0.12 and a beta of 2.12.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Carrizo Oil & Gas had a net margin of 55.87% and a return on equity of 25.15%. The business had revenue of $264.97 million for the quarter, compared to analysts’ expectations of $263.76 million. On average, research analysts expect that Carrizo Oil & Gas will post 2.64 EPS for the current fiscal year.

In related news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction on Monday, July 15th. The shares were sold at an average price of $10.85, for a total value of $86,800.00. Following the completion of the sale, the insider now owns 187,221 shares in the company, valued at $2,031,347.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 24,000 shares of company stock valued at $226,080. Insiders own 4.80% of the company’s stock.

Several large investors have recently modified their holdings of CRZO. Point72 Hong Kong Ltd bought a new stake in shares of Carrizo Oil & Gas in the second quarter worth $54,000. First Quadrant L P CA bought a new stake in Carrizo Oil & Gas during the first quarter valued at $63,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Carrizo Oil & Gas by 22.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock valued at $75,000 after purchasing an additional 1,363 shares during the last quarter. Cypress Capital Management LLC WY increased its stake in Carrizo Oil & Gas by 37.3% during the first quarter. Cypress Capital Management LLC WY now owns 7,000 shares of the oil and gas producer’s stock valued at $87,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in Carrizo Oil & Gas during the second quarter valued at $109,000.

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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