Today: Today, Goldman Sachs Group Inc. lowers the Stock rating of Carrizo Oil & Gas Inc. (CRZO)

Today, Goldman Sachs Group Inc. lowers the Stock rating of Carrizo Oil & Gas Inc. (CRZO)

Carrizo Oil & Gas Inc. (NASDAQ:CRZO) was downgraded by equities researchers at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a report issued on Tuesday.

CRZO has been the topic of several other research reports. Zacks Investment Research downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Carrizo Oil & Gas in a report on Sunday, July 10th. Credit Suisse Group AG downgraded shares of Carrizo Oil & Gas from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $42.00 to $41.00 in a report on Thursday, October 13th. KLR Group raised shares of Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating and lifted their target price for the company from $41.00 to $49.00 in a report on Monday, July 18th. Finally, FBR & Co lifted their target price on shares of Carrizo Oil & Gas from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, September 6th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Carrizo Oil & Gas has a consensus rating of “Buy” and a consensus price target of $40.04.

Carrizo Oil & Gas (NASDAQ:CRZO) opened at 39.81 on Tuesday. The firm has a 50-day moving average of $38.23 and a 200 day moving average of $36.22. Carrizo Oil & Gas has a 12-month low of $16.10 and a 12-month high of $43.56. The stock’s market capitalization is $2.35 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.16. Carrizo Oil & Gas had a negative net margin of 421.40% and a positive return on equity of 19.03%. The company had revenue of $107.30 million for the quarter, compared to the consensus estimate of $119.67 million. During the same period last year, the firm posted $0.39 EPS. Carrizo Oil & Gas’s revenue for the quarter was down 13.1% on a year-over-year basis. On average, analysts predict that Carrizo Oil & Gas will post $1.06 earnings per share for the current fiscal year.

In other news, COO John Bradley Fisher sold 27,831 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $35.05, for a total value of $975,476.55. Following the completion of the transaction, the chief operating officer now owns 179,403 shares of the company’s stock, valued at $6,288,075.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider S P. Iv Johnson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $39.68, for a total transaction of $238,080.00. Following the completion of the transaction, the insider now directly owns 601,717 shares of the company’s stock, valued at approximately $23,876,130.56. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Guinness Asset Management Ltd increased its stake in Carrizo Oil & Gas by 19.1% in the third quarter. Guinness Asset Management Ltd now owns 218,395 shares of the company’s stock worth $8,871,000 after buying an additional 35,000 shares during the last quarter. Eagle Asset Management Inc. increased its stake in Carrizo Oil & Gas by 16.4% in the third quarter. Eagle Asset Management Inc. now owns 93,957 shares of the company’s stock worth $3,816,000 after buying an additional 13,259 shares during the last quarter. Gradient Investments LLC increased its stake in Carrizo Oil & Gas by 29.6% in the third quarter. Gradient Investments LLC now owns 16,809 shares of the company’s stock worth $683,000 after buying an additional 3,840 shares during the last quarter. Macquarie Group Ltd. increased its stake in Carrizo Oil & Gas by 9.1% in the second quarter. Macquarie Group Ltd. now owns 690,577 shares of the company’s stock worth $24,757,000 after buying an additional 57,410 shares during the last quarter. Finally, Mason Street Advisors LLC bought a new stake in Carrizo Oil & Gas during the second quarter worth about $383,000.

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