Piper Jaffray analyst Kashy Harrison reiterated a Hold rating on Carrizo Oil & Gas (CRZO) on November 15 and set a price target of $34. The company’s shares closed on Friday at $17.88.
According to TipRanks.com, Harrison is a 1-star analyst with an average return of -4.3% and a 35.0% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Continental Resources, and Gulfport Energy Corp.
Currently, the analyst consensus on Carrizo Oil & Gas is a Strong Buy with an average price target of $32.43, representing an 81.4% upside. In a report issued on November 5, Oppenheimer also assigned a Hold rating to the stock.
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Based on Carrizo Oil & Gas’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $81.35 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.
