Brokerages expect that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will post $278.56 million in sales for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Carrizo Oil & Gas’ earnings. The highest sales estimate is $295.00 million and the lowest is $258.00 million. Carrizo Oil & Gas posted sales of $181.28 million during the same quarter last year, which suggests a positive year over year growth rate of 53.7%. The company is expected to issue its next earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that Carrizo Oil & Gas will report full-year sales of $1.05 billion for the current fiscal year, with estimates ranging from $935.00 million to $1.12 billion. For the next year, analysts anticipate that the firm will report sales of $1.33 billion, with estimates ranging from $1.21 billion to $1.48 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Carrizo Oil & Gas.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Monday, August 6th. The oil and gas producer reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. Carrizo Oil & Gas had a net margin of 5.84% and a return on equity of 52.59%. The firm had revenue of $264.00 million for the quarter, compared to analyst estimates of $230.08 million. During the same period last year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 58.6% compared to the same quarter last year.
CRZO has been the topic of several recent analyst reports. Williams Capital reissued a “buy” rating and issued a $41.00 target price on shares of Carrizo Oil & Gas in a report on Monday, July 23rd. SunTrust Banks reissued a “buy” rating and issued a $35.00 target price on shares of Carrizo Oil & Gas in a report on Monday, August 20th. BidaskClub raised shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a report on Monday, August 27th. KLR Group reissued a “buy” rating and issued a $35.00 target price on shares of Carrizo Oil & Gas in a report on Monday, August 20th. Finally, Johnson Rice upgraded shares of Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Carrizo Oil & Gas currently has an average rating of “Buy” and a consensus price target of $29.58.
In other news, insider S P. Iv Johnson sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $30.02, for a total value of $180,120.00. Following the sale, the insider now directly owns 195,076 shares in the company, valued at approximately $5,856,181.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $27.43, for a total transaction of $219,440.00. Following the sale, the insider now owns 187,076 shares in the company, valued at $5,131,494.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,000 shares of company stock worth $770,520. 5.40% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Boston Partners acquired a new stake in Carrizo Oil & Gas during the 2nd quarter worth approximately $1,029,000. US Bancorp DE boosted its position in Carrizo Oil & Gas by 11.3% during the 2nd quarter. US Bancorp DE now owns 57,858 shares of the oil and gas producer’s stock worth $1,610,000 after buying an additional 5,853 shares during the period. Tanaka Capital Management Inc. acquired a new stake in Carrizo Oil & Gas during the 2nd quarter worth approximately $838,000. Engineers Gate Manager LP acquired a new stake in Carrizo Oil & Gas during the 2nd quarter worth approximately $3,693,000. Finally, LSV Asset Management boosted its position in Carrizo Oil & Gas by 18.8% during the 2nd quarter. LSV Asset Management now owns 4,082,450 shares of the oil and gas producer’s stock worth $113,696,000 after buying an additional 645,350 shares during the period.
CRZO stock opened at $23.79 on Monday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.26 and a current ratio of 0.26. Carrizo Oil & Gas has a 12 month low of $13.49 and a 12 month high of $31.57. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 16.64 and a beta of 2.18.
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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