This article was first published on www.analystratings.com
In a report released today, John Gerdes from KLR Group upgraded Carrizo Oil & Gas (NASDAQ: CRZO) to Buy, with a price target of $51. The company’s shares closed last Friday at $33.91, close to its 52-week low of $31.70.
Carrizo Oil & Gas has an analyst consensus of Strong Buy.
The company has a one year high of $62.88 and a one year low of $31.70. Currently, Carrizo Oil & Gas has an average volume of 1.05M.
Unlike KLR Group`s latest rating, based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2015, Johnson S P , a the President and CEO of CRZO sold 44,762 shares for a total of $2,357,615.
According to TipRanks.com, Gerdes is a 4-star analyst with an average return of 3.7% and a 47.9% success rate. Gerdes covers the Basic Materials sector, focusing on stocks such as Petroleum Development Corp., Sanchez Energy Corporation, and Whiting Petroleum Corp.
Carrizo Oil & Gas Inc along with its subsidiaries is engaged in the exploration, development and production oil and gas from resource plays located in the United States.