Q3 2019 Earnings Estimate for Carrizo Oil & Gas Inc (NASDAQ:CRZO) Issued By Capital One Financial

Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Investment analysts at Capital One Financial boosted their Q3 2019 earnings per share (EPS) estimates for Carrizo Oil & Gas in a research report issued to clients and investors on Thursday, October 17th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings per share of $0.65 for the quarter, up from their prior estimate of $0.59. Capital One Financial also issued estimates for Carrizo Oil & Gas’ FY2019 earnings at $2.38 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. The company had revenue of $264.97 million for the quarter, compared to analysts’ expectations of $263.76 million. Carrizo Oil & Gas had a net margin of 55.87% and a return on equity of 25.15%.

A number of other equities analysts have also weighed in on the company. Northland Securities reissued a “hold” rating and issued a $9.00 target price on shares of Carrizo Oil & Gas in a research report on Sunday, September 1st. Jefferies Financial Group lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Wells Fargo & Co decreased their target price on Carrizo Oil & Gas from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Raymond James lowered Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 17th. Finally, BidaskClub raised Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.35.

Shares of Carrizo Oil & Gas stock opened at $7.49 on Monday. Carrizo Oil & Gas has a 1 year low of $7.17 and a 1 year high of $20.81. The firm’s 50-day moving average is $8.18 and its 200 day moving average is $9.96. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $691.80 million, a price-to-earnings ratio of 2.69, a PEG ratio of 0.11 and a beta of 2.13.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $8.26, for a total value of $66,080.00. Following the completion of the transaction, the insider now owns 179,221 shares of the company’s stock, valued at approximately $1,480,365.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Carrizo Oil & Gas by 22.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock valued at $75,000 after purchasing an additional 1,363 shares during the last quarter. Affinity Investment Advisors LLC increased its position in shares of Carrizo Oil & Gas by 8.6% during the 2nd quarter. Affinity Investment Advisors LLC now owns 22,747 shares of the oil and gas producer’s stock valued at $228,000 after purchasing an additional 1,793 shares during the last quarter. Arizona State Retirement System increased its position in shares of Carrizo Oil & Gas by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 133,449 shares of the oil and gas producer’s stock valued at $1,337,000 after purchasing an additional 1,998 shares during the last quarter. Falcon Point Capital LLC increased its position in shares of Carrizo Oil & Gas by 1.9% during the 2nd quarter. Falcon Point Capital LLC now owns 110,211 shares of the oil and gas producer’s stock valued at $1,104,000 after purchasing an additional 2,002 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Carrizo Oil & Gas by 22.3% during the 2nd quarter. Advisory Services Network LLC now owns 14,088 shares of the oil and gas producer’s stock valued at $141,000 after purchasing an additional 2,565 shares during the last quarter.

About Carrizo Oil & Gas

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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