Carrizo Oil & Gas (NASDAQ:CRZO) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a sell rating to a hold rating in a research report sent to investors on Friday, BidAskClub reports.

A number of other equities analysts have also commented on CRZO. Raymond James lowered shares of Carrizo Oil & Gas from a strong-buy rating to a market perform rating in a research note on Wednesday, July 17th. Johnson Rice lowered shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research note on Monday, July 29th. Williams Capital reaffirmed a buy rating and issued a $14.00 price objective on shares of Carrizo Oil & Gas in a research note on Monday, July 22nd. Northland Securities lowered shares of Carrizo Oil & Gas from an outperform rating to a market perform rating and decreased their price objective for the stock from $25.00 to $11.00 in a research note on Thursday, July 18th. Finally, Jefferies Financial Group lowered shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $18.50.

Shares of NASDAQ:CRZO opened at $8.67 on Friday. The stock has a market capitalization of $765.41 million, a price-to-earnings ratio of 3.12, a PEG ratio of 0.12 and a beta of 2.12. Carrizo Oil & Gas has a 1-year low of $7.92 and a 1-year high of $26.67. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.26 and a current ratio of 0.31. The company has a 50 day moving average price of $9.64 and a 200 day moving average price of $11.14.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. Carrizo Oil & Gas had a net margin of 55.87% and a return on equity of 25.15%. The firm had revenue of $264.97 million during the quarter, compared to analysts’ expectations of $263.76 million. On average, sell-side analysts expect that Carrizo Oil & Gas will post 2.62 EPS for the current fiscal year.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $8.26, for a total value of $66,080.00. Following the completion of the sale, the insider now owns 179,221 shares in the company, valued at approximately $1,480,365.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 24,000 shares of company stock valued at $226,080. Insiders own 4.80% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CRZO. Royal Bank of Canada lifted its holdings in Carrizo Oil & Gas by 0.6% during the 2nd quarter. Royal Bank of Canada now owns 979,552 shares of the oil and gas producer’s stock valued at $9,815,000 after purchasing an additional 5,481 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Carrizo Oil & Gas by 22.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock valued at $75,000 after purchasing an additional 1,363 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Carrizo Oil & Gas by 1,792.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 378,143 shares of the oil and gas producer’s stock valued at $3,788,000 after purchasing an additional 358,159 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Carrizo Oil & Gas during the 2nd quarter valued at about $54,000. Finally, Tortoise Capital Advisors L.L.C. lifted its holdings in Carrizo Oil & Gas by 19.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 489,180 shares of the oil and gas producer’s stock valued at $4,902,000 after purchasing an additional 79,100 shares during the last quarter.

About Carrizo Oil & Gas

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.

Read More: How does quantitative easing work?

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

Receive News & Ratings for Carrizo Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.