Shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) have been assigned an average recommendation of “Buy” from the twenty-two brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $27.53.
Several equities research analysts have weighed in on CRZO shares. JPMorgan Chase & Co. increased their target price on shares of Carrizo Oil & Gas from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 target price on shares of Carrizo Oil & Gas in a report on Thursday, January 11th. Williams Capital reissued a “buy” rating and set a $28.00 price objective (down previously from $32.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, February 27th. Citigroup started coverage on shares of Carrizo Oil & Gas in a research report on Friday, December 22nd. They set a “neutral” rating and a $26.00 price objective for the company. Finally, Stifel Nicolaus set a $44.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Monday, January 29th.
CRZO stock traded up $0.04 on Wednesday, reaching $15.14. 3,293,003 shares of the company’s stock traded hands, compared to its average volume of 4,278,439. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.39. The firm has a market capitalization of $1,230.19, a price-to-earnings ratio of 12.21 and a beta of 2.29. Carrizo Oil & Gas has a 12 month low of $11.10 and a 12 month high of $30.19.
In related news, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.92, for a total value of $191,360.00. Following the completion of the transaction, the insider now owns 216,581 shares of the company’s stock, valued at $5,180,617.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Gregory F. Conaway sold 4,453 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $14.84, for a total transaction of $66,082.52. Following the completion of the transaction, the vice president now directly owns 13,228 shares of the company’s stock, valued at approximately $196,303.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,304 shares of company stock valued at $1,758,276. 6.00% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in CRZO. Sterling Investment Advisors Ltd. bought a new position in Carrizo Oil & Gas in the fourth quarter valued at $128,000. Amalgamated Bank bought a new position in Carrizo Oil & Gas in the third quarter valued at $182,000. CIBC Asset Management Inc bought a new position in Carrizo Oil & Gas in the fourth quarter valued at $212,000. Crossmark Global Holdings Inc. bought a new position in Carrizo Oil & Gas in the third quarter valued at $231,000. Finally, Van ECK Associates Corp grew its position in Carrizo Oil & Gas by 50.0% in the third quarter. Van ECK Associates Corp now owns 13,544 shares of the oil and gas producer’s stock valued at $232,000 after purchasing an additional 4,516 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.
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