Carrizo Oil & Gas, Inc. (CRZO) Earns “Buy” Rating from Williams Capital

Williams Capital reiterated their buy rating on shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) in a report issued on Wednesday. They currently have a $26.00 target price on the oil and gas producer’s stock.

CRZO has been the topic of a number of other reports. Goldman Sachs Group, Inc. (The) set a $17.00 price objective on shares of Carrizo Oil & Gas and gave the company a hold rating in a research note on Thursday, October 19th. Tudor Pickering lowered shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research note on Tuesday, September 5th. Jefferies Group LLC restated a buy rating and issued a $25.00 price objective (down from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. Royal Bank Of Canada restated a buy rating and issued a $23.00 price objective on shares of Carrizo Oil & Gas in a research note on Friday, September 15th. Finally, J P Morgan Chase & Co lowered shares of Carrizo Oil & Gas from an overweight rating to a neutral rating and dropped their price objective for the company from $30.00 to $21.00 in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $29.17.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded up $0.09 on Wednesday, reaching $20.06. 5,306,800 shares of the company were exchanged, compared to its average volume of 3,538,381. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $43.96. The stock has a market capitalization of $1,633.99, a PE ratio of 16.05 and a beta of 2.20. The company has a current ratio of 0.32, a quick ratio of 0.37 and a debt-to-equity ratio of 9.71.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. The company had revenue of $181.28 million for the quarter, compared to analyst estimates of $177.97 million. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 89.48%. Carrizo Oil & Gas’s quarterly revenue was up 63.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. analysts anticipate that Carrizo Oil & Gas will post 1.13 earnings per share for the current fiscal year.

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In related news, Director Steven A. Webster bought 75,000 shares of the stock in a transaction on Friday, September 8th. The shares were bought at an average cost of $11.70 per share, for a total transaction of $877,500.00. Following the completion of the transaction, the director now owns 2,786,310 shares of the company’s stock, valued at approximately $32,599,827. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Webster bought 29,700 shares of the stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $13.36 per share, for a total transaction of $396,792.00. Following the completion of the transaction, the director now directly owns 2,724,410 shares of the company’s stock, valued at approximately $36,398,117.60. The disclosure for this purchase can be found here. Insiders have acquired 431,600 shares of company stock worth $5,602,306 over the last 90 days. 6.00% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Carrizo Oil & Gas by 11.4% in the second quarter. BlackRock Inc. now owns 9,534,149 shares of the oil and gas producer’s stock valued at $166,088,000 after purchasing an additional 978,942 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Carrizo Oil & Gas by 6.7% in the second quarter. Vanguard Group Inc. now owns 6,427,895 shares of the oil and gas producer’s stock valued at $111,975,000 after purchasing an additional 405,188 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Carrizo Oil & Gas by 27.6% in the third quarter. Frontier Capital Management Co. LLC now owns 6,256,691 shares of the oil and gas producer’s stock valued at $107,177,000 after purchasing an additional 1,351,602 shares in the last quarter. State Street Corp lifted its holdings in shares of Carrizo Oil & Gas by 28.7% in the second quarter. State Street Corp now owns 3,815,021 shares of the oil and gas producer’s stock valued at $66,454,000 after purchasing an additional 850,815 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Carrizo Oil & Gas by 89.5% in the second quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock valued at $46,322,000 after purchasing an additional 1,256,160 shares in the last quarter.

About Carrizo Oil & Gas

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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