Jefferies Financial Group cut shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a buy rating to a hold rating in a research note released on Monday, Briefing.com Automated Import reports. Jefferies Financial Group also issued estimates for Carrizo Oil & Gas’ Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.60 EPS, Q4 2019 earnings at $0.56 EPS, FY2019 earnings at $2.25 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.50 EPS, Q3 2020 earnings at $0.55 EPS, Q4 2020 earnings at $0.57 EPS, FY2020 earnings at $2.01 EPS, Q1 2021 earnings at $0.41 EPS, Q2 2021 earnings at $0.52 EPS and FY2021 earnings at $2.02 EPS.
A number of other brokerages have also weighed in on CRZO. Zacks Investment Research lowered Hess Midstream Partners from a hold rating to a sell rating in a research report on Tuesday, May 14th. Wells Fargo & Co lowered Occidental Petroleum from an outperform rating to a market perform rating in a research report on Monday, May 20th. Stephens assumed coverage on Carrizo Oil & Gas in a research report on Thursday, March 28th. They set an equal weight rating and a $15.00 target price for the company. Cowen set a $27.00 target price on Schnitzer Steel Industries and gave the company a hold rating in a research report on Tuesday, April 9th. Finally, BidaskClub lowered Xencor from a sell rating to a strong sell rating in a research report on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $21.16.
Shares of CRZO stock opened at $10.38 on Monday. Carrizo Oil & Gas has a 52-week low of $8.64 and a 52-week high of $29.58. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 4.05, a P/E/G ratio of 0.15 and a beta of 2.14. The business’s 50 day simple moving average is $10.02.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.07. Carrizo Oil & Gas had a return on equity of 32.14% and a net margin of 49.20%. The firm had revenue of $233.04 million during the quarter, compared to analyst estimates of $228.41 million. During the same period last year, the company earned $0.48 EPS. Carrizo Oil & Gas’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that Carrizo Oil & Gas will post 2.77 earnings per share for the current fiscal year.
In other news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $10.85, for a total value of $86,800.00. Following the completion of the transaction, the insider now directly owns 187,221 shares of the company’s stock, valued at approximately $2,031,347.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 24,000 shares of company stock valued at $259,600. Corporate insiders own 4.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in CRZO. First Quadrant L P CA purchased a new position in Carrizo Oil & Gas during the 1st quarter worth $63,000. Advisor Group Inc. grew its stake in Carrizo Oil & Gas by 276.2% during the 4th quarter. Advisor Group Inc. now owns 7,333 shares of the oil and gas producer’s stock worth $83,000 after buying an additional 5,384 shares during the last quarter. Cypress Capital Management LLC WY grew its stake in Carrizo Oil & Gas by 37.3% during the 1st quarter. Cypress Capital Management LLC WY now owns 7,000 shares of the oil and gas producer’s stock worth $87,000 after buying an additional 1,900 shares during the last quarter. Advisory Services Network LLC purchased a new position in Carrizo Oil & Gas during the 4th quarter worth $90,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Carrizo Oil & Gas during the 4th quarter worth $107,000.
Carrizo Oil & Gas Company Profile
Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.
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