Zacks cut shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a neutral rating to an underperform rating in a research note issued to investors on Wednesday, Stock Ratings Network.com reports. The firm currently has $38.70 price target on the stock.
Zacks has also taken action a number of other energy stocks recently. The firm reiterated its neutral rating on shares of Hess Corp.. They have a $85.00 price target on that stock. Also, Zacks downgraded shares of Ship Finance International Ltd. from a neutral rating to an underperform rating. Their analysts now have a $16.10 price target on that stock. Finally, Zacks reiterated its neutral rating on shares of Western Refining Inc.. They have a $41.00 price target on that stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at MLV Capital initiated coverage on shares of Carrizo Oil & Gas in a research note to investors on Friday, November 22nd. They set a buy rating and a $60.00 price target on the stock. Separately, analysts at Robert W. Baird reiterated a buy rating on shares of Carrizo Oil & Gas in a research note to investors on Sunday, November 10th. They now have a $50.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a hold rating on shares of Carrizo Oil & Gas in a research note to investors on Sunday, November 10th. They now have a $48.40 price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $39.58.
Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded down 1.05% on Wednesday, hitting $40.69. 341,075 shares of the company’s stock traded hands. Carrizo Oil & Gas has a 52 week low of $19.49 and a 52 week high of $47.87. The stock’s 50-day moving average is $43.01 and its 200-day moving average is $35.11. The company has a market cap of $1.665 billion and a P/E ratio of 19.26.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.02. The company had revenue of $144.32 million for the quarter, compared to the consensus estimate of $146.50 million. During the same quarter last year, the company posted $0.44 earnings per share. Carrizo Oil & Gas’s revenue was up 56.5% compared to the same quarter last year. On average, analysts predict that Carrizo Oil & Gas will post $2.37 earnings per share for the current fiscal year.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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