SunTrust Robinson analyst Neal Dingmann reiterated a Buy rating on Carrizo Oil & Gas (CRZO) on November 27 and set a price target of $28. The company’s shares opened today at $17.40.
According to TipRanks.com, Dingmann is a 1-star analyst with an average return of -2.5% and a 42.7% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.
Currently, the analyst consensus on Carrizo Oil & Gas is a Strong Buy with an average price target of $32.50, an 86.8% upside from current levels. In a report issued on November 13, BMO Capital also reiterated a Buy rating on the stock with a $28 price target.
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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.
