In a report released today, John Freeman from Raymond James maintained a Buy rating on Carrizo Oil & Gas (NASDAQ: CRZO), with a price target of $44. The company’s shares closed yesterday at $23.60.
According to TipRanks.com, Freeman is a 5-star analyst with an average return of 13.3% and a 64.2% success rate. Freeman covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Continental Resources.
Currently, the analyst consensus on Carrizo Oil & Gas is a Strong Buy with an average price target of $35.33.
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Carrizo Oil & Gas’ market cap is currently $1.94B and has a P/E ratio of 73.75. The company has a Price to Book ratio of 4.54.
Based on the recent corporate insider activity of 34 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.
