Carrizo Oil & Gas (NASDAQ: CRZO)
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Carrizo Oil & Gas from $28.00 to $25.00 in a research note to investors on Monday, December 31st. They now have a ?hold? rating on the stock. Separately, analysts at Robert W. Baird cut their price target on shares of Carrizo Oil & Gas from $34.00 to $30.00 in a research note to investors on Monday, December 31st. They now have an ?outperform? rating on the stock. Finally, analysts at Wells Fargo reiterated an ?outperform? rating on shares of Carrizo Oil & Gas in a research note to investors on Friday, December 28th.
Six research analysts have rated the stock with a buy rating, five have given an overweight rating, and six have issued a hold rating to the company?s stock. The company currently has an average rating of ?overweight? and an average target price of $35.70.
Shares of Carrizo Oil & Gas opened at 20.11 on Tuesday. Carrizo Oil & Gas has a 52 week low of $19.04 and a 52 week high of $31.62. The stock?s 50-day moving average is currently $20.90. The company has a market cap of $806.1 million and a P/E ratio of 18.43. Carrizo Oil & Gas last announced its earnings results on Tuesday, November 6th. The company reported $0.44 earnings per share for the quarter, beating the analysts? consensus estimate of $0.40 by $0.04. The company had revenue of $96.20 million for the quarter, compared to the consensus estimate of $99.71 million. During the same quarter in 2012, the company posted $0.24 earnings per share. Carrizo Oil & Gas?s revenue was up 86.1% compared to the same quarter last year. On average, analysts predict that Carrizo Oil & Gas will post $1.55 earnings per share for the current fiscal year. 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.