Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Equities research analysts at KeyCorp boosted their Q1 2018 earnings per share estimates for Carrizo Oil & Gas in a research report issued on Sunday, according to Zacks Investment Research. KeyCorp analyst C. Stevens now anticipates that the oil and gas producer will post earnings of $0.67 per share for the quarter, up from their prior forecast of $0.60. KeyCorp currently has a “Buy” rating and a $26.00 price target on the stock. KeyCorp also issued estimates for Carrizo Oil & Gas’ Q2 2018 earnings at $0.83 EPS, Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.88 EPS, Q1 2019 earnings at $0.85 EPS, Q2 2019 earnings at $1.00 EPS, Q3 2019 earnings at $1.09 EPS and Q4 2019 earnings at $1.08 EPS.
Several other equities research analysts have also recently weighed in on CRZO. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 10th. SunTrust Banks set a $28.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Friday, January 19th. Stifel Nicolaus set a $44.00 target price on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday, January 29th. Mizuho set a $21.00 target price on Carrizo Oil & Gas and gave the company a “hold” rating in a research note on Friday, November 24th. Finally, Williams Capital set a $29.00 target price on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday, November 27th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $30.60.
Carrizo Oil & Gas (NASDAQ CRZO) traded up $0.69 during midday trading on Tuesday, reaching $19.00. The company’s stock had a trading volume of 2,838,575 shares, compared to its average volume of 3,050,000. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $34.78. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.38. The stock has a market cap of $1,550.00, a PE ratio of 12.26 and a beta of 2.08.
Institutional investors have recently bought and sold shares of the business. Kimmeridge Energy Management Company LLC increased its holdings in shares of Carrizo Oil & Gas by 1,102.0% in 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 in the last quarter. California Public Employees Retirement System increased its holdings in shares of Carrizo Oil & Gas by 2.2% in 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 in the last quarter. Prudential Financial Inc. increased its holdings in shares of Carrizo Oil & Gas by 488.5% in 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 in the last quarter. Stifel Financial Corp bought a new stake in shares of Carrizo Oil & Gas in the 2nd quarter worth $2,645,000. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of Carrizo Oil & Gas by 12.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 7,040,815 shares of the oil and gas producer’s stock worth $149,829,000 after purchasing an additional 784,124 shares in the last quarter.
In related 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 stock was sold at an average price of $18.69, for a total transaction of $149,520.00. Following the completion of the transaction, the insider now 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 can be accessed through this link. In 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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