FY2019 EPS Estimates for Carrizo Oil & Gas Inc (NASDAQ:CRZO) Lifted by Capital One Financial

Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Analysts at Capital One Financial raised their FY2019 earnings per share (EPS) estimates for Carrizo Oil & Gas in a research note issued to investors on Thursday, August 8th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $2.56 for the year, up from their prior estimate of $2.46.

Several other equities analysts have also issued reports on CRZO. BidaskClub lowered shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Northland Securities lowered shares of Carrizo Oil & Gas from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $25.00 to $11.00 in a report on Thursday, July 18th. Williams Capital reaffirmed a “buy” rating and issued a $14.00 price target on shares of Carrizo Oil & Gas in a report on Monday, July 22nd. Wells Fargo & Co assumed coverage on shares of Carrizo Oil & Gas in a report on Monday, May 20th. They issued a “market perform” rating and a $15.00 price target on the stock. Finally, Raymond James lowered shares of Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $18.50.

Carrizo Oil & Gas stock opened at $8.87 on Monday. The company’s 50 day moving average is $9.73. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.55. Carrizo Oil & Gas has a fifty-two week low of $7.92 and a fifty-two week high of $26.67. The company has a market capitalization of $868.58 million, a P/E ratio of 3.19, a PEG ratio of 0.14 and a beta of 2.12.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Carrizo Oil & Gas had a net margin of 55.87% and a return on equity of 27.12%. The firm had revenue of $264.97 million during the quarter, compared to the consensus estimate of $263.76 million.

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 shares were sold at an average price of $10.85, for a total transaction of $86,800.00. Following the sale, the insider now directly owns 187,221 shares of the company’s stock, valued at $2,031,347.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.80% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CRZO. BlackRock Inc. raised its position in shares of Carrizo Oil & Gas by 2.2% in the second quarter. BlackRock Inc. now owns 12,994,109 shares of the oil and gas producer’s stock worth $130,201,000 after acquiring an additional 277,061 shares during the period. Pinebridge Investments L.P. raised its position in shares of Carrizo Oil & Gas by 316.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 88,985 shares of the oil and gas producer’s stock worth $891,000 after purchasing an additional 67,621 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Carrizo Oil & Gas by 33.5% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 23,122 shares of the oil and gas producer’s stock worth $232,000 after purchasing an additional 5,808 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Carrizo Oil & Gas by 33.5% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 29,428 shares of the oil and gas producer’s stock worth $295,000 after purchasing an additional 7,392 shares during the last quarter. Finally, Elkfork Partners LLC raised its position in shares of Carrizo Oil & Gas by 33.5% during the 2nd quarter. Elkfork Partners LLC now owns 35,734 shares of the oil and gas producer’s stock worth $358,000 after purchasing an additional 8,976 shares during the last quarter.

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

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