KLR Group downgraded Carrizo Oil & Gas (NASDAQ: CRZO) from Buy to Accumulate with a price target of $45.00.

Analyst John Gerdes cited valuation given recent share price appreciation.

For an analyst ratings summary and ratings history on Carrizo Oil & Gas click here. For more ratings news on Carrizo Oil & Gas click here.

Shares of Carrizo Oil & Gas closed at $39.81 yesterday.