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UPDATE: Rodman & Renshaw Lowers Price Target on Carrizo Oil and Gas to $37

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According to Rodman & Renshaw, Carrizo Oil and Gas (NASDAQ: CRZO) price target is lowered to $37.

Rodman & Renshaw said that CRZO reported Q4 operating EPS of $0.23, missing the $0.32 estimate and the $0.33 consensus. “Operating EPS excludes $1.4 million of unrealized derivative gains, $5.3 million of stock comp., $1.0 million of non-cash interest expense, and other smaller items. Higher-than- expected unit DD&A was the primary driver of the miss. CFPS of $0.95 was also shy our $0.97 estimate and the $1.08 consensus.”

Carrizo Oil and Gas closed yesterday at $27.44.

Posted-In: Rodman & RenshawAnalyst Color Price Target Analyst Ratings

 

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