Equities research analysts predict that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will post earnings per share of $0.51 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Carrizo Oil & Gas’ earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.92. Carrizo Oil & Gas posted earnings of $0.44 per share in the same quarter last year, which indicates a positive year over year growth rate of 15.9%. The business is expected to report its next quarterly earnings results on Thursday, February 22nd.
On average, analysts expect that Carrizo Oil & Gas will report full year earnings of $1.31 per share for the current year, with EPS estimates ranging from $1.01 to $1.81. For the next year, analysts expect that the firm will report earnings of $1.95 per share, with EPS estimates ranging from $0.71 to $3.42. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Carrizo Oil & Gas.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.09. The firm had revenue of $181.28 million for the quarter, compared to analyst estimates of $177.97 million. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The business’s revenue for the quarter was up 63.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Monday. Williams Capital set a $29.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Monday, November 27th. BMO Capital Markets set a $20.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Tuesday, October 10th. Mizuho set a $21.00 target price on shares of Carrizo Oil & Gas and gave the company a “hold” rating in a report on Friday, November 24th. Finally, Piper Jaffray Companies reduced their target price on shares of Carrizo Oil & Gas from $43.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.76.
Shares of Carrizo Oil & Gas (CRZO) traded down $0.90 during trading hours on Friday, hitting $18.76. 2,925,899 shares of the stock were exchanged, compared to its average volume of 2,726,479. The company has a market cap of $1,647.01, a price-to-earnings ratio of 16.18 and a beta of 2.18. Carrizo Oil & Gas has a 1 year low of $11.10 and a 1 year high of $42.75. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 4.38.
In other news, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total value of $149,520.00. Following the completion of the sale, the insider now directly owns 231,194 shares of the company’s stock, valued at approximately $4,321,015.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven A. Webster bought 75,000 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of $11.70 per share, with a total value of $877,500.00. Following the completion of the transaction, the director now owns 2,786,310 shares in the company, valued at approximately $32,599,827. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.
Several large investors have recently bought and sold shares of CRZO. Kings Point Capital Management increased its stake in shares of Carrizo Oil & Gas by 220.0% in the 2nd quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after acquiring an additional 5,500 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Carrizo Oil & Gas by 47.4% in the 2nd quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after acquiring an additional 2,611 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Carrizo Oil & Gas by 15.0% in the 2nd quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock worth $157,000 after acquiring an additional 1,177 shares in the last quarter. Amalgamated Bank bought a new position in shares of Carrizo Oil & Gas in the 3rd quarter worth about $182,000. Finally, First Interstate Bank increased its stake in shares of Carrizo Oil & Gas by 40.6% in the 2nd quarter. First Interstate Bank now owns 11,740 shares of the oil and gas producer’s stock worth $205,000 after acquiring an additional 3,390 shares in the last quarter.
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About Carrizo Oil & Gas
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.
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