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Wall Street Analysts’ Recommendations for Carrizo Oil & Gas

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Analysts’ ratings for Carrizo

Approximately 31% of Wall Street analysts have rated Carrizo Oil & Gas (CRZO) as a “buy,” and ~54% have rated it as a “strong buy.” The remaining 15% have rated it as a “hold.”

CRZO’s average broker target price is $35.57, which implies a ~129% return over the next 12 months compared to its current price. Carrizo’s peers Continental Resources (CLR) and Concho Resources (CXO) have implied returns of 72.3% and ~29%, respectively, over the next 12 months.

CRZO’s high target price is $48, and its low target price is $13.

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Analysts’ recent upgrades and downgrades

On June 21, 2017, Seaport Global Securities downgraded its rating on CRZO stock from a “buy” to “sell.” 

In March 2017, the investment company had upgraded its rating on the stock to a “buy” from a “neutral.” Also in March, Williams Capital Group initiated coverage on CRZO with a “buy” rating.

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