Northland Securities Sticks to Its Buy Rating for Carrizo Oil & Gas (CRZO)

By Carrie Williams

In a report released today, Jeff Grampp from Northland Securities reiterated a Buy rating on Carrizo Oil & Gas (CRZOResearch Report), with a price target of $25. The company’s shares opened today at $11.65, close to its 52-week low of $9.67.

According to TipRanks.com, Grampp ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -11.7% and a 30.5% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Penn Virginia Corporation, Goodrich Petroleum Corp, and Resolute Energy Corp.

Carrizo Oil & Gas has an analyst consensus of Moderate Buy, with a price target consensus of $20.83, representing a 78.8% upside. In a report issued on February 11, Williams Capital also maintained a Buy rating on the stock with a $19 price target.

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The company has a one-year high of $31.57 and a one-year low of $9.67. Currently, Carrizo Oil & Gas has an average volume of 3.02M.

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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.