MLV & Co Sees No Major Surprises In Earnings Update For Carrizo Oil & Gas

In a report published Wednesday, MLV & Co analyst Chad Mabry reiterated a Buy rating and $65.00 price target on Carrizo Oil & Gas, Inc. (NASDAQ: CRZO).

In the report, MLV & Co noted, "No major surprises in the earnings update as the company had pre-reported most material datapoints at its recent analyst day. Incremental takeaways were highlighted by the monetization of hedges which secured a cash gain of $166 million ($3-$4/share). The company's reserve report reflected peer-leading metrics and provided a strong validation of the portfolio. We expect continued operational execution to drive outperformance and the stock toward our $65 target."

Carrizo Oil & Gas closed on Tuesday at $50.79.