Out of 14 analysts covering Carrizo Oil & Gas Inc. (NASDAQ:CRZO), 13 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 93% are positive. $53 is the highest target while $27 is the lowest. The $42.31 average target is 21.79% above today’s ($34.74) stock price. Carrizo Oil & Gas Inc. has been the topic of 35 analyst reports since October 15, 2015 according to StockzIntelligence Inc. FBR Capital maintained the stock on September 6 with “Outperform” rating. JP Morgan upgraded it to “Overweight” rating and $40 target price in a May 13 report. KLR Group upgraded the shares of CRZO in a report on July 18 to “Buy” rating. Imperial Capital maintained the firm’s rating on May 6. Imperial Capital has “Outperform” rating and $39 price target. Lastly, Seaport Global upgraded the stock to “Accumulate” rating in a June 7 report. Below is a list of Carrizo Oil & Gas Inc (NASDAQ:CRZO) latest ratings and price target changes.
06/09/2016 Broker: FBR Capital Rating: Outperform Old Target: $49 New Target: $50 Maintain
09/06/2016 Broker: Canaccord Genuity Rating: Buy Old Target: $38.00 New Target: $44.00 Maintain
18/07/2016 Broker: KLR Group Old Rating: Accumulate New Rating: Buy Old Target: $41.00 New Target: $49.00 Upgrade
17/06/2016 Broker: Stifel Nicolaus Rating: Buy New Target: $48.00 Initiate
07/06/2016 Broker: Seaport Global Old Rating: Neutral New Rating: Accumulate Upgrade
24/05/2016 Broker: KLR Group Old Rating: Buy New Rating: Accumulate Downgrade
13/05/2016 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Old Target: $35.00 New Target: $40.00 Upgrade
06/05/2016 Broker: Imperial Capital Rating: Outperform Old Target: $30.00 New Target: $39.00 Maintain
30/03/2016 Broker: Seaport Global Old Rating: Buy New Rating: Neutral Downgrade
29/03/2016 Broker: Goldman Sachs Rating: Buy Old Target: $37.00 New Target: $36.00 Maintain
About 1.09M shares traded hands. Carrizo Oil & Gas Inc (NASDAQ:CRZO) has risen 40.82% since February 8, 2016 and is uptrending. It has outperformed by 24.33% the S&P500.
Carrizo Oil & Gas, Inc. is an energy company. The company has a market cap of $2.03 billion. The Firm is engaged in the exploration, development and production of gas and oil from resource plays located in the United States. It currently has negative earnings. The Company’s activities are focused in proven, producing gas and oil plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.
The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.22, from 1.31 in 2016Q1. The ratio dropped, as 32 funds sold all Carrizo Oil & Gas Inc shares owned while 71 reduced positions. 37 funds bought stakes while 75 increased positions. They now own 62.80 million shares or 1.86% less from 63.99 million shares in 2016Q1.
Geosphere Capital Management holds 4.96% of its portfolio in Carrizo Oil & Gas Inc for 140,000 shares. Brenham Capital Management L.P. owns 700,000 shares or 3.21% of their US portfolio. Moreover, Daruma Capital Management Llc has 2.89% invested in the company for 1.23 million shares. The Massachusetts-based Grt Capital Partners L.L.C. has invested 2.86% in the stock. Hillcrest Asset Management Llc, a Texas-based fund reported 302,401 shares.
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