Hot Stock Update: Carrizo Oil & Gas, Inc. (NASDAQ:CRZO)

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO)

Oppenheimer Initiates Coverage On Carrizo Oil & Gas, Inc. (NASDAQ:CRZO)’s stock to Perform with no specific Price Target. This rating was issued on 10/03/18. The stock recently closed its previous session at $21.74 by showing a percentage change of -4.65% from its previous day closing price of $22.8.

Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several investment firms issued their expert ratings on Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) in which Raymond James Maintains Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) to Strong Buy by settling a price target of $44 on 9/06/18. KLR Group Terminates the stock to Buy on 8/20/18 with no specific Price Target. Johnson Rice Upgrades the company’s stock to Buy on 8/08/18 with no specific Price Target. Stifel Nicolaus Maintains Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) to Buy with a price target of $38.

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) currently has a consensus Price Target of $34.56. While some analysts have a High Price target for the stock of $44 and a Low Price Target of $23.

Several sell side analysts reviewed their recommendations on Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) where 5 analyst have rated the stock as Strong Buy, 9 analysts said it’s a Buy, 7 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)

Zacks Investment Research also rated the stock with a value of 1.62. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) reported its Actual EPS of $0.79/share. The analysts offering Earnings Estimates for the company were believing that Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) could bring EPS of $0.68/share. The difference between Actual EPS and Estimated EPS was 0.11 Percent. Thus the company showed an Earnings Surprise of 16.2 Percent.

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has a market capitalization of 1.99 Billion. The stock traded with the volume of 2.26 Million shares in the last trading session. The stock touched its high share price of $31.57 on 07/10/18 and the stock also touched its Lowest price in the last 52-weeks of trading on 02/28/18 as $13.49. The company has a 1 Year high price target of $33.96. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -11.75%. The Moving Average SMA50 is -11% while SMA200 is -3.98%.

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) is currently showing its ROA (Return on Assets) of 1%. The Return on Investment (ROI) is at 11.5% while it’s Return on Equity (ROE) value stands at 6.8%. The stock currently shows its YTD (Year to Date) performance of 2.16 percent while its Weekly performance value is -11.63%. The Monthly and Yearly performances are -10.17 percent and 30.41 percent respectively. The Relative Volume value measured for Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) is 1.03. The Average Volume (3 months) is 2.19 Million.

The stock currently has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. CRZO has P/E (Price to Earnings ttm) value of 68.15, Forward P/E of 4.92, P/C (Price to cash per share) of 980.68 and Price to Free Cash Flow (P/FCF) value of 0. The stock is showing its Operating Margin of 37.1 percent.

Company Profile:

Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, exploitation and production of oil and natural gas primarily in proven trends in the Barnett Shale area in North Texas and along the Texas and Louisiana onshore Gulf Coast regions. Carrizo controls significant prospective acreage blocks and utilizes advanced three-D seismic techniques to identify potential oil and gas reserves and drilling opportunities.