Carrizo Oil & Gas (CRZO) Receives $25.78 Average Price Target

Marco Green
October 12, 2017

BlackRock Inc. raised its position in Carrizo Oil & Gas, Inc. During the same quarter in the prior year, the company posted $0.29 EPS. Marshall Wace North America L.P. now owns 897,901 shares of the oil and gas producer's stock valued at $15,264,000 after acquiring an additional 861,245 shares during the period. Total debt to equity ratio of the company for most recent quarter is 11.55 whereas long term debt to equity ratio for most recent quarter is 11.55. Bank of New York Mellon Corp lifted its position in shares of Carrizo Oil & Gas by 3.5% during the first quarter. Karp Capital Management Corp acquired a new position in shares of Carrizo Oil & Gas during the first quarter worth $326,000.

Institutions own 4.10% of Kandi Technologies Group, Inc. LLC raised its position in shares of Carrizo Oil & Gas by 17.0% in the 2nd quarter.

In other news, Director Steven A. Webster bought 25,000 shares of Carrizo Oil & Gas stock in a transaction dated Monday, August 28th. Finally, Tudor Pickering downgraded shares of Carrizo Oil & Gas from a buy rating to a hold rating in a report on Tuesday, September 5th. LLC now owns 4,905,089 shares of the oil and gas producer's stock valued at $85,447,000 after acquiring an additional 714,257 shares during the period.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Week Herald and is owned by of Week Herald. BlackRock Inc. raised its position in shares of Carrizo Oil & Gas by 20,572.2% in the 1st quarter. "(CRZO)" was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of U.S. and global trademark and copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/12/blackrock-inc-purchases-978942-shares-of-carrizo-oil-gas-inc-crzo.html.

Some buy side analysts are also providing their Analysis on Carrizo Oil & Gas Inc., where 8 analysts have rated the stock as Strong buy, 10 analysts have given a Buy signal, 5 said it's a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell.

The price target set for the stock is $25.91 and this sets up an interesting set of potential movement for the stock, according to data from Finviz's Research. BidaskClub downgraded shares of Carrizo Oil & Gas from a sell rating to a strong sell rating in a report on Thursday, June 22nd. Analysts set a 12-month price target of $87.33 a share.

In other Carrizo Oil & Gas news, Director Steven A. Webster purchased 29,700 shares of Carrizo Oil & Gas stock in a transaction that occurred on Tuesday, August 15th. The company has its outstanding shares of 78.41M. Following the completion of the transaction, the director now owns 2,826,310 shares in the company, valued at approximately $35,809,347.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a sell rating to a hold rating in a report on Friday, August 11th. The disclosure for this purchase can be found here. The Average True Range, a measure of volatility is at 0.86, however its weekly and monthly volatility is 4.39%, 5.50% respectively.

Carrizo Oil & Gas, Inc is an energy company. (NASDAQ:CRZO) displayed a change of 1.59% after which it closed the day' session at $12.45. The company's 50 day moving average is $14.61 and its 200 day moving average is $19.13. The company's market cap is $1.36 billion. Carrizo Oil & Gas, Inc. has a 52 week low of $11.10 and a 52 week high of $43.96. (CRZO) will report its next earnings on Nov 07 AMC.

Carrizo Oil & Gas, Inc. has a consensus outperform rating from 23 Wall Street analysts, and the number of shares now sold short amount to at least 19.89% of shares outstanding. The company had Year Ago Sales of 131.53 Million.

While having a peek at profitability ratios Carrizo Oil & Gas (NASDAQ:CRZO) has trailing twelve month gross margin at 73.9%, its trailing twelve month operating margin stands at 6.2% whereas its trailing twelve month net profit margin spots at -1%.

While looking at the Stock's Performance, Carrizo Oil & Gas Inc. now shows a Weekly Performance of 0.66%, where Monthly Performance is 34.65%, Quarterly performance is 1.52%, 6 Months performance is -41.24% and yearly performance percentage is -60.75%. During the same period in the previous year, the firm earned $0.29 earnings per share.

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