Analysts Turn Mixed On Carrizo Oil & Gas, Inc. (CRZO), American Tower Corporation (REIT) (AMT)

The shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has been pegged with a rating of Sector Weight by KeyBanc Capital Markets in its latest research note that was published on August 12th, 2019. KeyBanc Capital Markets wasn’t the only research firm that published a report of Carrizo Oil & Gas, Inc., with other equities research analysts also giving their opinion on the stock. Jefferies advised investors in its research note published on July 15th, 2019, to Hold the CRZO stock. The stock had earned Market Perform rating from Wells Fargo when it published its report on May 20th, 2019. That day the Wells Fargo set price target on the stock to $15. The stock was given Equal-Weight rating by Stephens in its report released on March 29th, 2019, the day when the price target on the stock was placed at $15. KeyBanc Capital Mkts was of a view that CRZO is Overweight in its latest report on January 31st, 2019 while giving it a price target of $14.50. CapitalOne thinks that CRZO is worth Equal Weight rating. This was contained in the firm’s report on December 20th, 2018.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $15.41. The price of the stock the last time has raised by 11.99% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 44.68.

The shares of the company dipped by -2.74% during the trading session on Tuesday, reaching a low of $8.82 while ending the day at $8.87. During the trading session, a total of 4.26 million shares were traded which represents a 17.53% incline from the average session volume which is 5.17M shares. CRZO had ended its last session trading at 9.12. Carrizo Oil & Gas, Inc. currently has a market cap of $801.67M, while its P/E ratio stands at 1.60, while its P/E earnings growth sits at 0.75, with a beta of 2.11. Carrizo Oil & Gas, Inc. debt-to-equity ratio currently stands at 1.52, while its quick ratio hovers at 0.30. CRZO 52-week low price stands at $7.92 while its 52-week high price is $26.67.

The company in its last quarterly report recorded $0.71 earnings per share which is above the $0.68 predicted by most analysts. The Carrizo Oil & Gas, Inc. generated $264.97 million in revenue during the last quarter, which is slightly higher than the $263.21 million predicted by analysts. In the second quarter last year, the firm recorded $0.47 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 33.8%. Carrizo Oil & Gas, Inc. has the potential to record 5.54 EPS for the current fiscal year, according to equities analysts.

Investment analysts at UBS published a research note on June 7th, 2019 where it informed investors and clients that American Tower Corporation (REIT) (NYSE:AMT) is now rated as Neutral. Their price target on the stock stands at $222. Jefferies also rated AMT as Downgrade on July 15th, 2019, with its price target of $2 suggesting that AMT could down by -2.93% from its current share price. Even though the stock has been trading at $222.22/share, analysts expect it to surge higher by -0.50% to reach $214.80/share. It started the day trading at $223.59 and traded between $219.37 and $221.10 throughout the trading session.

A look at its technical shows that AMT’s 50-day SMA is 211.03 while its 200-day SMA stands at 185.60. The stock has a high of $224.71 for the year while the low is $140.40. The company’s P/E ratio currently sits at 66.84, while the P/B ratio is 17.85. At the moment, only of American Tower Corporation (REIT) shares were sold short. The company’s average trading volume currently stands at 1.77M shares, which means that the short-interest ratio is just 2.33 days. Over the past seven days, the company moved, with its shift of 1.91%. Looking further, the stock has raised 11.63% over the past 90 days while it gained 28.11% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more AMT shares, increasing its portfolio by +1.85% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,026,512 shares in the last quarter, thus it now holds 56,505,879 shares of AMT, with a total valuation of $11,957,774,114. Wellington Management Co LLP meanwhile sold more AMT shares in the recently filed quarter, changing its stake to $5,811,670,329 worth of shares. BlackRock Fund Advisors followed the path by increasing its AMT portfolio by +3.50% in the quarter. This means that BlackRock Fund Advisors bought 760,656 shares in the last quarter and now controls 22,485,884 shares of the AMT stock, with the valuation hitting $4,758,462,772.

Similarly, SSgA Funds Management Inc increased its American Tower Corporation (REIT) shares by +2.88% during the recently filed quarter. After buying 515,135 shares in the last quarter, the firm now controls 18,431,832 shares of American Tower Corporation (REIT) which are valued at $3,900,544,288. In the same vein, Capital Research Management Co decreased its American Tower Corporation (REIT) shares by during the most recent reported quarter. The firm sold -286,857 shares during the quarter which decreased its stakes to 13,434,255 shares and is now valued at $2,842,957,043. Following these latest developments, around 0.20% of American Tower Corporation (REIT) stocks are owned by institutional investors and hedge funds.