Wall Street brokerages forecast that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will report earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Carrizo Oil & Gas’ earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.74. Carrizo Oil & Gas reported earnings per share of $0.18 during the same quarter last year, which would suggest a positive year-over-year growth rate of 116.7%. The company is expected to issue its next quarterly earnings report on Tuesday, May 8th.
On average, analysts expect that Carrizo Oil & Gas will report full-year earnings of $2.73 per share for the current fiscal year, with EPS estimates ranging from $1.44 to $3.65. For the next year, analysts anticipate that the firm will report earnings of $3.25 per share, with EPS estimates ranging from $2.54 to $4.20. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Carrizo Oil & Gas.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Monday, February 26th. The oil and gas producer reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.12. The company had revenue of $246.77 million for the quarter, compared to the consensus estimate of $238.06 million. Carrizo Oil & Gas had a net margin of 11.68% and a return on equity of 48.04%. Carrizo Oil & Gas’s revenue was up 71.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share.
A number of research firms have weighed in on CRZO. BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price target on shares of Carrizo Oil & Gas in a research note on Thursday, January 11th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $37.00 price target on shares of Carrizo Oil & Gas in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of Carrizo Oil & Gas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 9th. KeyCorp set a $26.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Sunday, January 21st. Finally, Mizuho set a $27.00 price target on shares of Carrizo Oil & Gas and gave the stock a “hold” rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.28.
Carrizo Oil & Gas (CRZO) opened at $15.44 on Tuesday. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $1,267.67, a P/E ratio of 12.45 and a beta of 2.29. Carrizo Oil & Gas has a one year low of $11.10 and a one year high of $30.19.
In related news, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $18.19, for a total transaction of $145,520.00. Following the completion of the sale, the insider now directly owns 208,294 shares of the company’s stock, valued at approximately $3,788,867.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Investment Advisors Ltd. acquired a new position in Carrizo Oil & Gas during the 4th quarter worth $128,000. CIBC Asset Management Inc acquired a new position in Carrizo Oil & Gas during the 4th quarter worth $212,000. Amalgamated Bank acquired a new position in Carrizo Oil & Gas during the 3rd quarter worth $182,000. Quantitative Systematic Strategies LLC acquired a new position in Carrizo Oil & Gas during the 4th quarter worth $235,000. Finally, Sciencast Management LP acquired a new position in Carrizo Oil & Gas during the 4th quarter worth $309,000.
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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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