Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Stock analysts at KeyCorp decreased their Q2 2018 EPS estimates for Carrizo Oil & Gas in a research report issued to clients and investors on Wednesday, March 14th, Zacks Investment Research reports. KeyCorp analyst C. Stevens now expects that the oil and gas producer will post earnings of $0.57 per share for the quarter, down from their prior forecast of $0.59. KeyCorp has a “Buy” rating and a $26.00 price target on the stock. KeyCorp also issued estimates for Carrizo Oil & Gas’ FY2018 earnings at $2.26 EPS.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Monday, February 26th. The oil and gas producer reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.12. The business had revenue of $246.77 million for the quarter, compared to analyst estimates of $238.06 million. Carrizo Oil & Gas had a return on equity of 48.04% and a net margin of 11.68%. Carrizo Oil & Gas’s quarterly revenue was up 71.6% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share.
CRZO has been the topic of a number of other reports. Citigroup assumed coverage on Carrizo Oil & Gas in a report on Friday, December 22nd. They set a “neutral” rating and a $26.00 price target on the stock. Johnson Rice lowered Carrizo Oil & Gas from a “buy” rating to an “accumulate” rating in a report on Tuesday, February 27th. Raymond James Financial set a $28.00 price target on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Tuesday, December 12th. JPMorgan Chase lifted their price target on Carrizo Oil & Gas from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Finally, Zacks Investment Research lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. Carrizo Oil & Gas has an average rating of “Hold” and an average target price of $26.89.
Carrizo Oil & Gas stock traded down $0.63 during mid-day trading on Thursday, reaching $16.52. 3,794,651 shares of the company’s stock were exchanged, compared to its average volume of 3,137,539. The firm has a market capitalization of $1,397.20, a P/E ratio of 11.55 and a beta of 2.10. Carrizo Oil & Gas has a one year low of $11.10 and a one year high of $29.10. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.39.
In related news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $18.19, for a total transaction of $145,520.00. Following the sale, the insider now directly owns 208,294 shares in the company, valued at approximately $3,788,867.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider S P. Iv Johnson sold 36,257 shares of the business’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $14.83, for a total value of $537,691.31. Following the sale, the insider now owns 211,425 shares in the company, valued at $3,135,432.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,304 shares of company stock worth $1,758,276. 6.00% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Sterling Investment Advisors Ltd. bought a new stake in shares of Carrizo Oil & Gas during the 4th quarter valued at $128,000. CIBC Asset Management Inc bought a new stake in shares of Carrizo Oil & Gas during the 4th quarter valued at $212,000. Amalgamated Bank bought a new stake in shares of Carrizo Oil & Gas during the 3rd quarter valued at $182,000. Quantitative Systematic Strategies LLC purchased a new position in Carrizo Oil & Gas during the fourth quarter worth about $235,000. Finally, Sciencast Management LP purchased a new position in Carrizo Oil & Gas during the fourth quarter worth about $309,000.
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Carrizo Oil & Gas Company Profile
Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.
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