Williams Capital analyst Gabriele Sorbara reiterated a Buy rating on Carrizo Oil & Gas (CRZO) today and set a price target of $18. The company’s shares closed yesterday at $11.13, close to its 52-week low of $9.67.
According to TipRanks.com, Sorbara has 0 stars on 0-5 star ranking scale with an average return of -8.8% and a 33.1% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carrizo Oil & Gas with a $17.38 average price target.
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Carrizo Oil & Gas’ market cap is currently $1.02B and has a P/E ratio of 2.69. The company has a Price to Book ratio of 1.04.
Based on the recent corporate insider activity of 40 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 Alan Webster in December 1993 and is headquartered in Houston, TX.
