Carrizo Oil & Gas Gets a Buy Rating from RBC Capital

By Jason Carr

RBC Capital analyst Brad Heffern reiterated a Buy rating on Carrizo Oil & Gas (NASDAQ: CRZO) today and set a price target of $22. The company’s shares closed yesterday at $16.78.

According to TipRanks.com, Heffern is a 5-star analyst with an average return of 22.6% and a 73.6% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Continental Resources, and Range Resources Corp.

Carrizo Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of $24.91.

Carrizo Oil & Gas’ market cap is currently $1.37B and has a P/E ratio of 13.53. The company has a book value ratio of 3.6851.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Carrizo Oil & Gas, Inc. is engaged in exploration, development and production of natural gas and oil in the Eagle Ford Shale in South Texas, the Marcellus Shale in Pennsylvania, the Niobrara Formation in Colorado and the Utica Shale in Eastern Ohio. It is also actively developing its oil discovery known as the Huntington Field in the United Kingdom, The company was founded by Sylvester P. Johnson IV and Steven A. Webster in December 1993 and is headquartered in Houston, TX.