Carrizo Oil & Gas (NASDAQ:CRZO)‘s stock had its “buy” rating reissued by equities research analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday. They currently have a $22.00 price target on the oil and gas producer’s stock. Royal Bank of Canada’s target price indicates a potential upside of 31.11% from the stock’s current price.
A number of other equities analysts have also commented on the company. Howard Weil lowered Carrizo Oil & Gas from an “outperform” rating to a “sector perform” rating in a research note on Monday. Deutsche Bank began coverage on Carrizo Oil & Gas in a research note on Wednesday, April 4th. They issued a “hold” rating and a $20.00 price objective on the stock. ValuEngine lowered Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Piper Jaffray reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Carrizo Oil & Gas in a research note on Thursday, March 15th. Finally, Citigroup set a $17.00 price objective on Carrizo Oil & Gas and gave the stock a “hold” rating in a research note on Friday, March 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Carrizo Oil & Gas currently has a consensus rating of “Hold” and a consensus price target of $26.79.
Carrizo Oil & Gas stock opened at $16.78 on Friday. 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 company has a market capitalization of $1,418.75, a P/E ratio of 11.73 and a beta of 2.10. Carrizo Oil & Gas has a one year low of $11.10 and a one year high of $28.70.
In other Carrizo Oil & Gas news, General Counsel Gerald A. Morton sold 11,174 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $15.08, for a total value of $168,503.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 216,581 shares of the company’s stock, valued at approximately $5,180,617.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 112,143 shares of company stock worth $1,772,959. Insiders own 6.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. bought a new stake in shares of Carrizo Oil & Gas during the fourth quarter valued at approximately $128,000. CIBC Asset Management Inc bought a new stake in shares of Carrizo Oil & Gas during the fourth quarter valued at approximately $212,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Carrizo Oil & Gas during the fourth quarter valued at approximately $235,000. Sciencast Management LP bought a new stake in shares of Carrizo Oil & Gas during the fourth quarter valued at approximately $309,000. Finally, Cypress Capital Management LLC WY bought a new stake in shares of Carrizo Oil & Gas during the fourth quarter valued at approximately $296,000.
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Carrizo Oil & Gas Company Profile
Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of 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 Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.
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