Carrizo Oil & Gas, Inc. Forecasted to Earn Q3 2017 Earnings of $0.24 Per Share (CRZO)

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Equities research analysts at Capital One Financial Corporation cut their Q3 2017 EPS estimates for shares of Carrizo Oil & Gas in a research note issued to investors on Thursday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and gas producer will earn $0.24 per share for the quarter, down from their prior estimate of $0.25. Capital One Financial Corporation also issued estimates for Carrizo Oil & Gas’ Q4 2017 earnings at $0.33 EPS, FY2017 earnings at $1.05 EPS and FY2018 earnings at $1.35 EPS.

Several other research analysts have also commented on CRZO. Zacks Investment Research raised Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. BMO Capital Markets set a $20.00 target price on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Saturday, August 12th. Piper Jaffray Companies reduced their target price on Carrizo Oil & Gas from $43.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. Citigroup Inc. began coverage on Carrizo Oil & Gas in a research report on Monday, September 18th. They set a “neutral” rating and a $16.00 target price on the stock. Finally, BidaskClub lowered Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Carrizo Oil & Gas presently has an average rating of “Hold” and a consensus target price of $35.56.

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Shares of Carrizo Oil & Gas (CRZO) opened at 16.82 on Monday. The stock’s market capitalization is $1.37 billion. The stock has a 50 day moving average price of $14.35 and a 200-day moving average price of $19.41. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Carrizo Oil & Gas had a positive return on equity of 1,494.45% and a negative net margin of 0.98%. The firm had revenue of $166.50 million for the quarter, compared to analysts’ expectations of $163.22 million. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 55.2% on a year-over-year basis.

In other news, Director Steven A. Webster purchased 29,700 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were acquired at an average price of $13.36 per share, for a total transaction of $396,792.00. Following the purchase, the director now owns 2,724,410 shares in the company, valued at $36,398,117.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven A. Webster purchased 75,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $13.89 per share, for a total transaction of $1,041,750.00. Following the purchase, the director now owns 2,724,410 shares in the company, valued at approximately $37,842,054.90. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 431,600 shares of company stock worth $5,602,306. Company insiders own 6.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Point72 Asia Hong Kong Ltd grew its stake in Carrizo Oil & Gas by 1,014.9% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock valued at $101,000 after purchasing an additional 3,207 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Carrizo Oil & Gas during the 1st quarter valued at about $150,000. Kings Point Capital Management grew its stake in Carrizo Oil & Gas by 220.0% during the 2nd quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock valued at $139,000 after purchasing an additional 5,500 shares during the last quarter. Advisor Group Inc. grew its stake in Carrizo Oil & Gas by 47.4% during the 2nd quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock valued at $141,000 after purchasing an additional 2,611 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in Carrizo Oil & Gas by 2.2% during the 1st quarter. Blair William & Co. IL now owns 8,390 shares of the oil and gas producer’s stock valued at $242,000 after purchasing an additional 181 shares during the last quarter.

Carrizo Oil & Gas Company Profile

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.

Earnings History and Estimates for Carrizo Oil & Gas (NASDAQ:CRZO)

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