Carrizo Oil & Gas (CRZO) Gets a Buy Rating from Williams Capital


Williams Capital analyst Gabriele Sorbara reiterated a Buy rating on Carrizo Oil & Gas (NASDAQ: CRZO) today and set a price target of $41. The company’s shares closed yesterday at $27.50.

According to TipRanks.com, Sorbara is a 4-star analyst with an average return of 3.9% and a 52.7% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carrizo Oil & Gas with a $34.11 average price target, implying a 24.0% upside from current levels. In a report issued on July 25, SunTrust Robinson also reiterated a Buy rating on the stock with a $36 price target.

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Based on Carrizo Oil & Gas’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $35.31 million. In comparison, last year the company had a net profit of $56.31 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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