Analyst Recommendations Watch: Carrizo Oil & Gas Inc. (NASDAQ:CRZO)

Carrizo Oil & Gas Inc. NASDAQ:CRZO jumped 1.04 percent and ended the day at $28.11. The Average Volume of the company is 1.24 Million and P/E (price to earnings) ratio is 0, while Forward P/E ratio is 11.29.

Seaport Global Securities Downgrade its coverage for Carrizo Oil & Gas Inc. NASDAQ:CRZO in a note sent to investors on 9-Dec-16. The research firm Downgrade the stock to Neutral. Moreover, Raymond James issued Initiated rating for the stock on 6-Dec-16. KLR Group also Upgrade the company to Buy on 7-Nov-16, 2016. Additionally, KLR Group Downgrade its ratings on the stock to Accumulate.

The highest price CRZO stock touched in the last 12 month was $43.96 and the lowest price it hit in the same period was $26.32. The stock has a Return on Assets of -43.9 percent, Return on Investment of -40.4 percent and a Return on Equity of 0 percent. The company’s market cap is $1.83 Billion.

Carrizo Oil & Gas Inc. NASDAQ:CRZO’s growth estimate is 0 percent for the current quarter. The growth estimate for the next quarter is 3.4 percent. The company’s stock has fell -10.18 percent in the past five year. The company is expected to grow by 36.61 percent over the next five years.

Price Target is an important factor while doing analysis of a stock. According to 25 analysts, Price Target for Carrizo Oil & Gas Inc. NASDAQ:CRZO may hit a high of $59. The average and low price target for the stock are $46.32 and $38, respectively.

Now we look at the Moving Averages, the 200-day is -23.51, the 50-day is -19.16 and the 20-day is -13.15. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading.

Looking forward, the company is expected to report earnings of $0.16 per share for the current quarter. Revenue is expected in between 158.6 Million and 94.18 Million with an average of 144.65 Million.

When we look at the recommendation trends, the stock presently has an average brokerage recommendation of 5.2. Out of 26 brokerage recommendations, 10 gave a Strong Buy, 11 issued a Buy, 5 issued Hold, 0 rated Under-perform and 0 issued a Sell.

Carrizo Oil & Gas Inc. NASDAQ:CRZO performance during the last one year Improved 9.25 percent, while its year to date (YTD) performance showed a Negative trend of -24.74 percent. The stock Fell -30.13 percent over the past six months. The stock’s quarterly performance indicates a Negative momentum of -31.49 percent, whereas its last one month trend is Pessimistic with -14.66 percent. Its weekly performance showed a downward trend of -9.85 percent.

Profitability analysis helps a great deal in making investment decision. Net profit margin of the company was recorded at 0 percent, operating profit margin was 0 percent, whereas gross profit margin stands at 72.2 percent. Beta factor was calculated at 2.12.

Carrizo Oil & Gas Inc. NASDAQ:CRZO has 64.47 Million shares outstanding and 61.92 Million shares were floated in market. The short ratio in the company’s stock is documented at 6.63 and the short float is around of 13.31%. The stock’s average true range of stands at 1.36, while the relative strength index is 29.06.

Liquidity ratios helps investors to determine a company’s ability to pay off its debts. For the most recent quarter, quick ratio was 0.3, current ratio was 0.3, LT Debt/Equity ratio was 56.4 and Total Debt/Equity ratio was 56.4.