Economy

Zacks Investment Research Lowers Carrizo Oil & Gas, Inc. (CRZO) to Hold

The rating was upgraded by Goldman Sachs to "Buy" on Friday, March 11. The stock has "Buy" rating by BMO Capital Markets on Tuesday, October 10. The company had revenue of $166.50 million for the quarter, compared to the consensus estimate of $163.22 million. (NASDAQ:CRZO) in a report issued on Monday morning.

Brokerage houses, on average, are recommending investors to buy Carrizo Oil & Gas, Inc. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. It is positive, as 37 investors sold Carrizo Oil & Gas Inc shares while 49 reduced holdings. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Further, analysts have a 12 month target price of $25.91 on company shares.

Carrizo Oil & Gas (NASDAQ:CRZO) has average revenue estimates of $177.49 Million, compared to low analyst estimates of $164.1 Million and high estimates of $185.6 Million for the current quarter. The 50 day moving average was up $1.60 whereas the 200 day moving average was down $-2.83 or -14.82%. M&R Capital Management holds 0.02% of its portfolio in SCANA Corporation (NYSE:SCG) for 1,200 shares. Mizuho restated a buy rating and issued a $32.00 price target on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. Voya Investment Mngmt Ltd Liability has 0.06% invested in Carrizo Oil & Gas Inc (NASDAQ:CRZO) for 1.58 million shares. Carrizo Oil & Gas had a positive return on equity of 85.42% and a negative net margin of 264.25%. A total number of 18 analysts provided estimations over revenues. During the same period in the previous year, the business posted $0.16 earnings per share. On average, analysts forecast that Carrizo Oil & Gas will post $1.06 earnings per share for the current year. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & global copyright laws. JP Morgan downgraded Carrizo Oil & Gas Inc (NASDAQ:CRZO) on Thursday, July 20 to "Neutral" rating. The company had Year Ago Sales of $169.64 Million. 2,800 shares were sold by WOJTEK FRANK A, worth $67,875. As per Tuesday, August 29, the company rating was maintained by Jefferies. The day started at a price of $0 but then traded as high as $1.69 before giving part of the gains back. The shares were purchased at an average cost of $13.56 per share, with a total value of $2,059,764.00. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer's stock valued at $139,000 after buying an additional 5,500 shares during the last quarter.

The best measure of a company is its profitability, for without it, it can not grow, and if it doesn't grow, then its stock will trend downward.

A number of institutional investors and hedge funds have recently bought and sold shares of CRZO.

On the other hand Carrizo Oil & Gas (NASDAQ:CRZO) has Relative Strength Index (RSI 14) of 56.63 along with Average True Range (ATR 14) of 0.87. (Carrizo), launched on September 24, 1993, is an energy company. Finally, Van ECK Associates Corp lifted its holdings in shares of Carrizo Oil & Gas by 15.0% during the 2nd quarter. Following the sale, the chief financial officer now directly owns 57,138 shares of the company's stock, valued at $1,609,006.08. Nuveen Asset Management Ltd reported 0.01% of its portfolio in Carrizo Oil & Gas Inc (NASDAQ:CRZO). Days to cover decreased -2.0 to 3.0 and the percentage of shorted shares was 0.23% on September 15. Point72 Asia Hong Kong Ltd grew its stake in Carrizo Oil & Gas by 1,014.9% during the 1st quarter. State Street Corp now owns 3,815,021 shares of the oil and gas producer's stock valued at $66,454,000 after acquiring an additional 850,815 shares during the period. Finally, Lord Abbett & CO.

Checking in on some valuation rankings, Carrizo Oil & Gas, Inc. Frontier Capital Management Co. The Director now owns $292,500 of the stock per the Form 4 SEC filing. Simmons & Co downgraded Carrizo Oil & Gas Inc (NASDAQ:CRZO) on Wednesday, February 24 to "Neutral" rating. The Firm is engaged in the exploration, development and production of gas and oil from resource plays located in the United States. 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 OH, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.



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