Wells Fargo & Co Begins Coverage on Carrizo Oil & Gas (CRZO)

Wells Fargo & Co assumed coverage on shares of Carrizo Oil & Gas (NASDAQ:CRZO) in a research report report published on Monday morning, BenzingaRatingsTable reports. The brokerage issued a market perform rating and a $15.00 price target on the oil and gas producer’s stock.

A number of other research analysts also recently commented on the company. Williams Capital reaffirmed a buy rating and issued a $19.00 price target on shares of Carrizo Oil & Gas in a research note on Wednesday, January 23rd. KeyCorp started coverage on Carrizo Oil & Gas in a research note on Thursday, January 31st. They issued an overweight rating and a $14.50 price target for the company. BidaskClub raised Carrizo Oil & Gas from a strong sell rating to a sell rating in a research note on Friday, February 15th. MKM Partners dropped their price target on Carrizo Oil & Gas to $18.00 and set a buy rating for the company in a research note on Wednesday, February 27th. Finally, Zacks Investment Research raised Carrizo Oil & Gas from a hold rating to a buy rating and set a $15.00 price target for the company in a research note on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Carrizo Oil & Gas presently has a consensus rating of Hold and a consensus price target of $23.08.

CRZO opened at $12.45 on Monday. Carrizo Oil & Gas has a fifty-two week low of $9.67 and a fifty-two week high of $31.57. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $1.15 billion, a PE ratio of 4.48, a PEG ratio of 0.16 and a beta of 2.27.

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 for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.07. The company had revenue of $233.04 million during the quarter, compared to the consensus estimate of $228.41 million. Carrizo Oil & Gas had a return on equity of 32.14% and a net margin of 49.20%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share. On average, sell-side analysts predict that Carrizo Oil & Gas will post 2.93 EPS for the current year.

In other Carrizo Oil & Gas news, COO John Bradley Fisher sold 30,755 shares of Carrizo Oil & Gas stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $12.11, for a total value of $372,443.05. Following the transaction, the chief operating officer now owns 208,460 shares in the company, valued at $2,524,450.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $12.78, for a total value of $102,240.00. Following the completion of the transaction, the insider now owns 211,221 shares in the company, valued at approximately $2,699,404.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,523 shares of company stock worth $1,583,594. Company insiders own 4.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of Carrizo Oil & Gas by 1.9% during the fourth quarter. BlackRock Inc. now owns 12,685,504 shares of the oil and gas producer’s stock worth $143,221,000 after purchasing an additional 236,180 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Carrizo Oil & Gas by 8.7% during the first quarter. Macquarie Group Ltd. now owns 3,693,596 shares of the oil and gas producer’s stock worth $46,059,000 after purchasing an additional 295,363 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Carrizo Oil & Gas by 14.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,595,600 shares of the oil and gas producer’s stock worth $44,838,000 after purchasing an additional 459,287 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Carrizo Oil & Gas by 3.6% during the first quarter. Voya Investment Management LLC now owns 2,195,520 shares of the oil and gas producer’s stock worth $27,378,000 after purchasing an additional 75,372 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Carrizo Oil & Gas by 2.5% during the first quarter. Principal Financial Group Inc. now owns 1,481,633 shares of the oil and gas producer’s stock worth $18,476,000 after purchasing an additional 35,550 shares during the last quarter.

Carrizo Oil & Gas Company Profile

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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