Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Equities research analysts at Capital One Financial increased their FY2017 earnings per share (EPS) estimates for shares of Carrizo Oil & Gas in a research report issued on Wednesday, Zacks Investment Research reports. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings of $1.34 per share for the year, up from their previous forecast of $1.25. Capital One Financial also issued estimates for Carrizo Oil & Gas’ Q4 2017 earnings at $0.52 EPS, Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.70 EPS and Q4 2018 earnings at $0.71 EPS.
Several other analysts have also recently commented on CRZO. Williams Capital reaffirmed a “buy” rating and issued a $26.00 target price on shares of Carrizo Oil & Gas in a research note on Monday, October 9th. Jefferies Group cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $16.00 in a research note on Monday, October 9th. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Monday, October 9th. BMO Capital Markets set a $20.00 target price on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, SunTrust Banks set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday, October 16th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.60.
Carrizo Oil & Gas (NASDAQ:CRZO) traded down $1.33 during mid-day trading on Friday, reaching $19.06. 2,508,645 shares of the company’s stock traded hands, compared to its average volume of 2,700,000. The stock has a market cap of $1,550.00, a PE ratio of 12.30 and a beta of 2.08. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.32 and a quick ratio of 0.32. Carrizo Oil & Gas has a 12-month low of $11.10 and a 12-month high of $35.68.
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, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.09. The firm had revenue of $181.28 million during the quarter, compared to the consensus estimate of $177.97 million. Carrizo Oil & Gas had a return on equity of 58.37% and a net margin of 16.08%. The company’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS.
Institutional investors have recently made changes to their positions in the stock. Kimmeridge Energy Management Company LLC boosted its position in Carrizo Oil & Gas by 1,102.0% during the 4th quarter. Kimmeridge Energy Management Company LLC now owns 3,990,500 shares of the oil and gas producer’s stock worth $84,918,000 after purchasing an additional 3,658,500 shares during the period. Penn Capital Management Co. Inc. purchased a new stake in Carrizo Oil & Gas during the 2nd quarter worth $392,000. California Public Employees Retirement System boosted its position in Carrizo Oil & Gas by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 181,100 shares of the oil and gas producer’s stock worth $3,155,000 after purchasing an additional 3,900 shares during the period. Prudential Financial Inc. boosted its position in Carrizo Oil & Gas by 488.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,145,250 shares of the oil and gas producer’s stock worth $19,619,000 after purchasing an additional 950,660 shares during the period. Finally, Stifel Financial Corp purchased a new stake in Carrizo Oil & Gas during the 2nd quarter worth $2,645,000.
In related news, CEO S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $18.57, for a total transaction of $148,560.00. Following the completion of the sale, the chief executive officer now directly owns 223,194 shares of the company’s stock, valued at approximately $4,144,712.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 24,000 shares of company stock valued at $489,440. 6.00% of the stock is owned by corporate insiders.
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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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