Carrizo Oil & Gas Inc (NASDAQ:CRZO) – US Capital Advisors lifted their Q1 2018 EPS estimates for Carrizo Oil & Gas in a research note issued to investors on Monday, Zacks Investment Research reports. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will post earnings per share of $0.49 for the quarter, up from their prior forecast of $0.44. US Capital Advisors also issued estimates for Carrizo Oil & Gas’ Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.56 EPS, FY2018 earnings at $2.12 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.58 EPS and FY2019 earnings at $2.36 EPS.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results 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 company had revenue of $181.28 million for the quarter, compared to analysts’ expectations of $177.97 million. Carrizo Oil & Gas had a return on equity of 58.37% and a net margin of 16.08%. The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share.
A number of other equities research analysts have also recently issued reports on the company. Mizuho cut Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and cut their target price for the company from $32.00 to $17.00 in a research note on Thursday, September 7th. Tudor Pickering cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Goldman Sachs Group set a $17.00 price objective on shares of Carrizo Oil & Gas and gave the company a “hold” rating in a research note on Thursday, October 19th. Jefferies Group restated a “buy” rating and set a $25.00 price objective (down from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. Finally, Williams Capital restated a “buy” rating and set a $26.00 price objective on shares of Carrizo Oil & Gas in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. Carrizo Oil & Gas presently has a consensus rating of “Hold” and an average target price of $26.81.
Carrizo Oil & Gas (NASDAQ:CRZO) traded up $0.33 during mid-day trading on Wednesday, reaching $19.09. The company’s stock had a trading volume of 2,308,754 shares, compared to its average volume of 2,724,646. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market capitalization of $1,550.00, a PE ratio of 15.73 and a beta of 2.18. Carrizo Oil & Gas has a 12 month low of $11.10 and a 12 month high of $42.75.
In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total value of $149,520.00. Following the sale, the insider now directly owns 231,194 shares in the company, valued at $4,321,015.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven A. Webster purchased 75,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was acquired at an average price of $11.70 per share, for a total transaction of $877,500.00. Following the completion of the transaction, the director now owns 2,786,310 shares of the company’s stock, valued at approximately $32,599,827. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan increased its stake in Carrizo Oil & Gas by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,620 shares of the oil and gas producer’s stock worth $255,000 after purchasing an additional 630 shares in the last quarter. Texas Permanent School Fund increased its stake in Carrizo Oil & Gas by 1.9% in the 2nd quarter. Texas Permanent School Fund now owns 45,163 shares of the oil and gas producer’s stock worth $787,000 after purchasing an additional 838 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in Carrizo Oil & Gas by 2.9% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 33,911 shares of the oil and gas producer’s stock worth $591,000 after purchasing an additional 950 shares in the last quarter. Van ECK Associates Corp increased its stake 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 worth $157,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Carrizo Oil & Gas by 0.9% in the 2nd quarter. Eagle Asset Management Inc. now owns 143,540 shares of the oil and gas producer’s stock worth $2,500,000 after purchasing an additional 1,320 shares in the last quarter.
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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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