In a report released yesterday, Tim Rezvan from Oppenheimer assigned a Hold rating to Carrizo Oil & Gas (CRZO). The company’s shares closed yesterday at $11.13, close to its 52-week low of $9.67.
According to TipRanks.com, Rezvan is a 2-star analyst with an average return of 0.6% and a 49.2% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Par Pacific Holdings.
Carrizo Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of $17.38, a 56.2% upside from current levels. In a report issued on April 23, IFS Securities, Inc also downgraded the stock to Hold with a $13 price target.
See today’s analyst top recommended stocks >>
Based on Carrizo Oil & Gas’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $260 million. In comparison, last year the company had a net profit of $27.49 million.
Based on the recent corporate insider activity of 40 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 Alan Webster in December 1993 and is headquartered in Houston, TX.
