Carrizo Oil & Gas Inc (CRZO) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 50

Carrizo Oil & Gas Inc (CRZO) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 50 from a previous price target of $49 . FBR Capital advised their investors in a research report released on Sep 6, 2016.

Many Wall Street Analysts have commented on Carrizo Oil & Gas Inc. Company shares were Reiterated by Imperial Capital on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 45 from a previous price target of $39 .Company shares were Upgraded by KLR Group on Jul 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $41 .Stifel Initiated Carrizo Oil & Gas Inc on Jun 17, 2016 to “Buy”, Price Target of the shares are set at $48.

On the company’s financial health, Carrizo Oil & Gas Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.13. The company had revenue of $107.30 million for the quarter, compared to analysts expectations of $123.41 million. The company’s revenue was down -13.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.

Carrizo Oil & Gas Inc closed down -0.14 points or -0.37% at $38.15 with 12,82,266 shares getting traded on Thursday. Post opening the session at $38.02, the shares hit an intraday low of $37.24 and an intraday high of $38.274 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Aug 9, 2016, Frank A Wojtek (director) sold 1,750 shares at $33.98 per share price. According to the SEC, on Aug 9, 2016, Roger A Ramsey (director) sold 1,000 shares at $33.31 per share price. On Aug 9, 2016, S P Iv Johnson (President and CEO) sold 6,000 shares at $33.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Carrizo Oil & Gas Inc. (Carrizo) is an energy company. The Company is engaged in the exploration development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven producing oil and gas plays in the Eagle Ford Shale in South Texas the Utica Shale in Ohio the Niobrara Formation in Colorado and the Marcellus Shale in Pennsylvania. The Company’s core Eagle Ford properties are located in LaSalle County in McMullen Frio and Atascosa counties in Texas. It has joint venture arrangements with GAIL GLOBAL (USA) INC. (GAIL) which is a wholly owned subsidiary of GAIL (India) Limited. The Company serves as an operator of the properties covered by its Niobrara joint venture arrangements. The Company’s activities in the Marcellus are conducted through two joint ventures.

Carrizo Oil & Gas Inc

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