Jefferies Group set a $17.00 price objective on Carrizo Oil & Gas (NASDAQ:CRZO) in a research note published on Thursday, November 16th. The firm currently has a hold rating on the oil and gas producer’s stock. Jefferies Group also issued estimates for Carrizo Oil & Gas’ Q4 2017 earnings at $0.33 EPS, FY2017 earnings at $1.17 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.69 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.57 EPS and FY2019 earnings at $2.23 EPS.
CRZO has been the subject of a number of other research reports. BMO Capital Markets set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the company a buy rating in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a hold rating to a buy rating and set a $19.00 price target for the company in a report on Monday, October 9th. J P Morgan Chase & Co lowered shares of Carrizo Oil & Gas from an overweight rating to a neutral rating and lowered their price target for the stock from $30.00 to $21.00 in a report on Thursday, July 20th. Mizuho lowered shares of Carrizo Oil & Gas from a buy rating to a neutral rating and lowered their price target for the stock from $32.00 to $17.00 in a report on Thursday, September 7th. Finally, Royal Bank Of Canada restated a buy rating and set a $23.00 price target on shares of Carrizo Oil & Gas in a report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Carrizo Oil & Gas has a consensus rating of Hold and an average price target of $28.76.
Shares of Carrizo Oil & Gas (NASDAQ CRZO) traded down $0.56 during midday trading on Thursday, reaching $19.66. 2,551,789 shares of the company were exchanged, compared to its average volume of 2,725,627. The company has a market cap of $1,655.97, a price-to-earnings ratio of 16.26 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 current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.38.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. The business had revenue of $181.28 million during 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 firm’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS. analysts predict that Carrizo Oil & Gas will post 1.32 EPS for the current year.
In other news, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total transaction of $149,520.00. Following the completion of the sale, the insider now owns 231,194 shares of the company’s stock, valued at approximately $4,321,015.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven A. Webster acquired 75,000 shares of Carrizo Oil & Gas stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of $11.70 per share, with a total value of $877,500.00. Following the transaction, the director now owns 2,786,310 shares in the company, valued at $32,599,827. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CRZO. Kings Point Capital Management grew its position in 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 valued at $139,000 after purchasing an additional 5,500 shares during the period. Advisor Group Inc. grew its position in 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 valued at $141,000 after purchasing an additional 2,611 shares during the period. Van ECK Associates Corp grew its position in 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 valued at $157,000 after purchasing an additional 1,177 shares during the period. Amalgamated Bank acquired a new stake in Carrizo Oil & Gas in the 3rd quarter valued at $182,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Carrizo Oil & Gas in the 2nd quarter valued at $202,000.
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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.
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