SunTrust Robinson analyst Neal Dingmann reiterated a Buy rating on Carrizo Oil & Gas (NASDAQ: CRZO) yesterday and set a price target of $35. The company’s shares closed on Friday at $22.75.
According to TipRanks.com, Dingmann is a 3-star analyst with an average return of 3.0% and a 49.3% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.
Carrizo Oil & Gas has an analyst consensus of Strong Buy, with a price target consensus of $34.78, representing a 52.9% upside. In a report issued on August 7, Williams Capital also reiterated a Buy rating on the stock with a $41 price target.
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Carrizo Oil & Gas’ market cap is currently $1.87B and has a P/E ratio of 71.09. The company has a Price to Book ratio of 4.38.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.
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Carrizo Oil & Gas, Inc. engages in the exploration, development, and production of natural gas and oil. Its operations include Delaware Basin and Eagle Ford Shale. The company was founded by Sylvester P. Johnson IV and Steven A. Webster in December 1993 and is headquartered in Houston, TX.
