In a report released today, Tim Rezvan from Oppenheimer maintained a Hold rating on Carrizo Oil & Gas (CRZO). The company’s shares opened today at $18.32.
According to TipRanks.com, Rezvan is a 3-star analyst with an average return of 1.9% and a 50.0% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Oasis Petroleum Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carrizo Oil & Gas with a $34.17 average 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 $7.82 million.
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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.
