Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Research analysts at Seaport Global Securities raised their FY2017 earnings per share (EPS) estimates for Carrizo Oil & Gas in a research report issued on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will earn $1.01 per share for the year, up from their prior forecast of $0.72. Seaport Global Securities has a “Sell” rating on the stock. Seaport Global Securities also issued estimates for Carrizo Oil & Gas’ Q4 2017 earnings at $0.28 EPS, Q1 2018 earnings at $0.08 EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.23 EPS and FY2018 earnings at $0.64 EPS.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Jefferies Group LLC set a $36.00 price target on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, May 17th. Mizuho reiterated a “buy” rating and issued a $32.00 price target on shares of Carrizo Oil & Gas in a research report on Friday, June 30th. Williams Capital reiterated a “buy” rating and issued a $42.00 price target on shares of Carrizo Oil & Gas in a research report on Tuesday, May 9th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $43.00 price target on shares of Carrizo Oil & Gas in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $40.33.

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Shares of Carrizo Oil & Gas (CRZO) traded up 0.22% during midday trading on Friday, hitting $13.84. 387,991 shares of the company’s stock traded hands. Carrizo Oil & Gas has a 52 week low of $12.73 and a 52 week high of $43.96. The company has a 50 day moving average of $15.72 and a 200 day moving average of $24.67. The stock’s market cap is $911.16 million.

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

In other news, Director Frank A. Wojtek sold 2,800 shares of Carrizo Oil & Gas stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $24.24, for a total transaction of $67,872.00. Following the completion of the sale, the director now directly owns 30,008 shares in the company, valued at approximately $727,393.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CRZO. Point72 Asia Hong Kong Ltd increased its position in shares of Carrizo Oil & Gas by 1,014.9% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 3,207 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 980 shares during the last quarter. Elkfork Partners LLC increased its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock worth $135,000 after buying an additional 1,190 shares during the last quarter. Kings Point Capital Management increased its position in shares of Carrizo Oil & Gas by 220.0% in the second quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after buying an additional 5,500 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Carrizo Oil & Gas during the first quarter worth $150,000. 89.12% of the stock is currently owned by institutional investors and hedge funds.

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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