Carrizo Oil & Gas (CRZO) Lifted to “Sell” at BidaskClub

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BidaskClub upgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a strong sell rating to a sell rating in a report released on Thursday morning.

A number of other research analysts have also recently issued reports on CRZO. JPMorgan Chase & Co. decreased their price objective on shares of Carrizo Oil & Gas from $30.00 to $27.00 and set a neutral rating for the company in a report on Wednesday, November 14th. MKM Partners started coverage on shares of Carrizo Oil & Gas in a report on Wednesday, December 5th. They set a buy rating and a $27.00 price objective for the company. Seaport Global Securities cut shares of Carrizo Oil & Gas from a buy rating to a neutral rating and decreased their price objective for the company from $28.00 to $18.00 in a report on Monday, December 10th. Williams Capital set a $22.00 price objective on shares of Carrizo Oil & Gas and gave the company a buy rating in a report on Wednesday, December 12th. Finally, Tudor Pickering cut shares of Carrizo Oil & Gas from a buy rating to a hold rating in a report on Friday, December 14th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. Carrizo Oil & Gas currently has an average rating of Hold and a consensus target price of $25.41.

Shares of NASDAQ CRZO opened at $11.62 on Thursday. The company has a market cap of $1.06 billion, a P/E ratio of 4.18, a PEG ratio of 0.18 and a beta of 2.26. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. Carrizo Oil & Gas has a 52-week low of $9.67 and a 52-week high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Monday, February 25th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. The firm had revenue of $273.30 million during the quarter, compared to analysts’ expectations of $268.91 million. Carrizo Oil & Gas had a net margin of 37.94% and a return on equity of 42.15%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 earnings per share. As a group, equities research analysts predict that Carrizo Oil & Gas will post 2.25 earnings per share for the current year.

In other news, CEO S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $12.55, for a total value of $100,400.00. Following the completion of the transaction, the chief executive officer now owns 131,076 shares in the company, valued at $1,645,003.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 24,000 shares of company stock valued at $301,040 in the last quarter. Corporate insiders own 5.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund acquired a new position in shares of Carrizo Oil & Gas in the fourth quarter valued at approximately $32,000. Cypress Capital Management LLC WY acquired a new position in Carrizo Oil & Gas during the fourth quarter worth $58,000. Advisor Group Inc. boosted its holdings in Carrizo Oil & Gas by 276.2% during the fourth quarter. Advisor Group Inc. now owns 7,333 shares of the oil and gas producer’s stock worth $83,000 after purchasing an additional 5,384 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in Carrizo Oil & Gas by 244.1% during the fourth quarter. LS Investment Advisors LLC now owns 8,001 shares of the oil and gas producer’s stock worth $90,000 after purchasing an additional 5,676 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Carrizo Oil & Gas during the fourth quarter worth $90,000.

About Carrizo Oil & Gas

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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Analyst Recommendations for Carrizo Oil & Gas (NASDAQ:CRZO)

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