Q3 2017 EPS Estimates for Carrizo Oil & Gas, Inc. Lifted by KeyCorp (CRZO)

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Research analysts at KeyCorp boosted their Q3 2017 earnings per share (EPS) estimates for shares of Carrizo Oil & Gas in a research note issued to investors on Tuesday. KeyCorp analyst C. Stevens now expects that the oil and gas producer will post earnings of $0.30 per share for the quarter, up from their prior forecast of $0.26. KeyCorp also issued estimates for Carrizo Oil & Gas’ Q4 2017 earnings at $0.41 EPS, FY2017 earnings at $1.23 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.57 EPS and FY2018 earnings at $1.68 EPS.

CRZO has been the subject of a number of other reports. Mizuho reaffirmed a “buy” rating and issued a $32.00 target price on shares of Carrizo Oil & Gas in a research report on Friday, June 30th. BMO Capital Markets set a $20.00 target price on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Monday, June 26th. Seaport Global Securities lowered Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research report on Wednesday, June 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $25.00 target price (down from $64.00) on shares of Carrizo Oil & Gas in a research report on Tuesday. Finally, J P Morgan Chase & Co lowered Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $21.00 in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $39.35.

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Carrizo Oil & Gas (NASDAQ CRZO) opened at 13.68 on Friday. The company has a 50-day moving average price of $14.42 and a 200-day moving average price of $22.19. The stock’s market cap is $1.11 billion. Carrizo Oil & Gas has a 52 week low of $12.73 and a 52 week high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The firm had revenue of $166.50 million for the quarter, compared to analysts’ expectations of $163.22 million. Carrizo Oil & Gas had a positive return on equity of 1,494.45% and a negative net margin of 0.98%. Carrizo Oil & Gas’s revenue was up 55.2% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS.

In other Carrizo Oil & Gas news, Director Steven A. Webster bought 75,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average price of $12.13 per share, for a total transaction of $909,750.00. Following the purchase, the director now directly owns 2,826,310 shares of the company’s stock, valued at $34,283,140.30. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven A. Webster bought 151,900 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average price of $13.56 per share, for a total transaction of $2,059,764.00. Following the purchase, the director now directly owns 2,724,410 shares in the company, valued at $36,942,999.60. The disclosure for this purchase can be found here. Insiders bought a total of 356,600 shares of company stock worth $4,724,806 in the last 90 days. Company insiders own 6.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in CRZO. Point72 Asia Hong Kong Ltd increased its position in shares of Carrizo Oil & Gas by 1,014.9% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 3,207 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 980 shares during the last quarter. Elkfork Partners LLC increased its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock worth $135,000 after buying an additional 1,190 shares during the last quarter. Kings Point Capital Management increased its position in shares of Carrizo Oil & Gas by 220.0% in the second quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after buying an additional 5,500 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of Carrizo Oil & Gas by 47.4% in the second quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after buying an additional 2,611 shares during the last quarter. Hedge funds and other institutional investors own 99.96% of the company’s stock.

Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

Earnings History and Estimates for Carrizo Oil & Gas (NASDAQ:CRZO)

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