| MLV & Co Reiterates Buy, Lowers PT On Carrizo Oil & Gas On Equity Offering | |
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In a report published Tuesday, MLV & Co analyst Chad Mabry reiterated a Buy rating on Carrizo Oil & Gas, Inc. (NASDAQ: CRZO), but lowered the price target from $65.00 to $60.00.
In the report, MLV & Co noted, "Sometimes it's best to raise capital when you can, not when you need to. That's certainly true for CRZO, whose stock was +14% YTD and -5% y/y—outperforming its benchmark, the EPX, at -1% YTD and -28% y/y—on sound operational execution and a strong balance sheet. From that position of relative strength, the company went to market last week with a common equity offering. While our NAV-based price target declines to $60 (from $65) on the dilution, we can't fault management's rationale as near-term downside risks to commodity prices remain quite real."
Carrizo Oil & Gas closed on Monday at $45.86.
Latest Ratings for CRZO
| Date | Firm | Action | From | To |
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| Mar 2015 | Scotia Howard | Upgrades | Sector Perform | Sector Outperform | | Feb 2015 | KLR Group | Downgrades | Buy | | | Jan 2015 | Credit Suisse | Maintains | | Neutral |
View More Analyst Ratings for CRZO
View the Latest Analyst Ratings
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Carrizo Oil & Gas Inc.
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CODE : CRZO |
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ISIN : US1445771033 |
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Carrizo Oil & Gas est une société développant des projet miniers de pétrole basée aux Etats-Unis D'Amerique. Carrizo Oil & Gas est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 637,9 millions US$ (575,9 millions €). La valeur de son action a atteint son plus bas niveau récent le 31 décembre 1999 à 1,00 US$, et son plus haut niveau récent le 12 juillet 2019 à 10,00 US$. Carrizo Oil & Gas possède 81 469 593 actions en circulation. |