Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Equities research analysts at Piper Jaffray Companies dropped their FY2018 earnings per share estimates for shares of Carrizo Oil & Gas in a research note issued on Wednesday, January 9th. Piper Jaffray Companies analyst K. Harrison now anticipates that the oil and gas producer will post earnings of $3.02 per share for the year, down from their prior forecast of $3.23. Piper Jaffray Companies also issued estimates for Carrizo Oil & Gas’ Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.63 EPS, FY2019 earnings at $2.19 EPS, Q1 2020 earnings at $0.57 EPS, Q2 2020 earnings at $0.59 EPS, Q3 2020 earnings at $0.61 EPS, Q4 2020 earnings at $0.63 EPS and FY2020 earnings at $2.40 EPS.
Other research analysts have also issued reports about the company. Oppenheimer began coverage on Carrizo Oil & Gas in a report on Wednesday, October 3rd. They set a “market perform” rating for the company. BidaskClub lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. Jefferies Financial Group upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Monday, October 15th. MKM Partners began coverage on Carrizo Oil & Gas in a report on Wednesday, December 5th. They set a “buy” rating and a $27.00 price target for the company. Finally, Williams Capital set a $22.00 price target on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, December 12th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.63.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Monday, November 5th. The oil and gas producer reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.15. Carrizo Oil & Gas had a return on equity of 56.06% and a net margin of 12.23%. The company had revenue of $303.40 million during the quarter, compared to analyst estimates of $265.34 million. During the same period in the previous year, the company earned $0.33 earnings per share. The company’s quarterly revenue was up 67.3% compared to the same quarter last year.
In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $17.60, for a total value of $140,800.00. Following the sale, the chief executive officer now directly owns 155,076 shares in the company, valued at $2,729,337.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 24,000 shares of company stock worth $418,800 over the last quarter. Company insiders own 5.40% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in Carrizo Oil & Gas by 14.4% in the third quarter. BlackRock Inc. now owns 12,449,324 shares of the oil and gas producer’s stock valued at $313,723,000 after acquiring an additional 1,569,126 shares during the period. Vanguard Group Inc grew its position in Carrizo Oil & Gas by 22.1% in the third quarter. Vanguard Group Inc now owns 9,032,268 shares of the oil and gas producer’s stock valued at $227,614,000 after acquiring an additional 1,633,508 shares during the period. Vanguard Group Inc. grew its position in Carrizo Oil & Gas by 22.1% in the third quarter. Vanguard Group Inc. now owns 9,032,268 shares of the oil and gas producer’s stock valued at $227,614,000 after acquiring an additional 1,633,508 shares during the period. LSV Asset Management grew its position in Carrizo Oil & Gas by 1.1% in the third quarter. LSV Asset Management now owns 4,127,585 shares of the oil and gas producer’s stock valued at $104,015,000 after acquiring an additional 45,135 shares during the period. Finally, Zimmer Partners LP bought a new stake in Carrizo Oil & Gas in the third quarter valued at $76,860,000.
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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