Stock analysts at Northland Capital Partners hoisted their price target on shares of Carrizo Oil & Gas (NASDAQ:CRZO) from $47.00 to $63.00 in a report issued on Friday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price target would suggest a potential upside of 45.99% from the stock’s previous close.
Carrizo Oil & Gas (NASDAQ:CRZO) opened at 43.154 on Friday. Carrizo Oil & Gas has a one year low of $19.47 and a one year high of $47.87. The stock has a 50-day moving average of $41.81 and a 200-day moving average of $32.97. The company has a market cap of $1.764 billion and a P/E ratio of 21.50.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Carrizo Oil & Gas will post $2.58 EPS for the current fiscal year.
In other Carrizo Oil & Gas news, CEO S P. Iv Johnson unloaded 6,000 shares of the stock on the open market in a transaction dated Friday, November 1st. The stock was sold at an average price of $42.22, for a total value of $253,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on CRZO. Analysts at Sterne Agee raised their price target on shares of Carrizo Oil & Gas from $50.00 to $57.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Carrizo Oil & Gas from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, October 21st. They now have a $48.40 price target on the stock. Finally, analysts at Robert W. Baird initiated coverage on shares of Carrizo Oil & Gas in a research note to investors on Wednesday, October 16th. They set an “outperform” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.58.
Carrizo Oil & Gas, Inc (NASDAQ:CRZO) is an independent energy company.
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