Carrizo Oil & Gas (NASDAQ: CRZO) issued its quarterly earnings data on Tuesday. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.20. The company had revenue of $116.70 million for the quarter, compared to the consensus estimate of $107.11 million.
CRZO has been the subject of a number of recent research reports. Analysts at JPMorgan Chase cut their price target on shares of Carrizo Oil & Gas to $21.00 in a research note to investors on Thursday, February 21st. On a related note, analysts at Zacks upgraded shares of Carrizo Oil & Gas from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, February 18th. They now have a $21.80 price target on the stock. Finally, analysts at Capital One upgraded shares of Carrizo Oil & Gas from an “add” rating to a “strong-buy” rating in a research note to investors on Tuesday, February 5th. They now have a $31.00 price target on the stock, up previously from $28.00.
Six investment analysts have rated the stock with a buy rating, three have assigned an overweight rating, seven have issued a hold rating, and one has issued a sell rating to the stock. The company presently has an average rating of “overweight” and a consensus price target of $29.21.
Shares of Carrizo Oil & Gas (CRZO) opened at 21.29 on Tuesday. Carrizo Oil & Gas (CRZO) has a one year low of $19.04 and a one year high of $31.62. The stock’s 50-day moving average is currently $21.45. The company has a market cap of $853.4 million and a P/E ratio of 19.51.
Carrizo Oil & Gas, Inc. (Carrizo) is an independent energy company, together with its subsidiaries is engaged in the exploration, development, production and transportation of natural gas and oil, principally in the United States.
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