Williams Capital analyst Gabriele Sorbara maintained a Buy rating on Carrizo Oil & Gas (CRZO) today and set a price target of $22. The company’s shares closed yesterday at $14.41, close to its 52-week low of $13.49.
According to TipRanks.com, Sorbara ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.0% and a 35.4% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
Carrizo Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of $26.60, an 84.6% upside from current levels. In a report issued on November 27, SunTrust Robinson also reiterated a Buy rating on the stock with a $28 price target.
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Carrizo Oil & Gas’ market cap is currently $1.32B and has a P/E ratio of 13.04. The company has a Price to Book ratio of 1.83.
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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.
