Williams Capital analyst Gabriele Sorbara maintained a Buy rating on Carrizo Oil & Gas (CRZO) today and set a price target of $19. The company’s shares opened today at $10.91, close to its 52-week low of $9.67.
According to TipRanks.com, Sorbara has currently no stars on a ranking scale of 0-5 stars, with an average return of -11.0% and a 32.0% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
Currently, the analyst consensus on Carrizo Oil & Gas is a Moderate Buy with an average price target of $23.05, implying an 111.3% upside from current levels. In a report issued on January 31, KeyBanc also initiated coverage with a Buy rating on the stock with a $14.50 price target.
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Carrizo Oil & Gas’ market cap is currently $1.01B and has a P/E ratio of 9.97. The company has a Price to Book ratio of 1.40.
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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.
