Wall Street brokerages expect Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) to announce $200.45 million in sales for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Carrizo Oil & Gas’ earnings, with the highest sales estimate coming in at $211.50 million and the lowest estimate coming in at $189.00 million. Carrizo Oil & Gas reported sales of $151.36 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.4%. The firm is scheduled to issue its next earnings report after the market closes on Tuesday, May 8th.

On average, analysts expect that Carrizo Oil & Gas will report full year sales of $957.42 million for the current financial year, with estimates ranging from $912.94 million to $1.05 billion. For the next year, analysts anticipate that the company will post sales of $1.12 billion per share, with estimates ranging from $1.06 billion to $1.23 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Carrizo Oil & Gas.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Monday, February 26th. The oil and gas producer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.12. The business had revenue of $246.77 million for the quarter, compared to the consensus estimate of $238.06 million. Carrizo Oil & Gas had a net margin of 11.68% and a return on equity of 48.04%. The business’s revenue for the quarter was up 71.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS.

CRZO has been the topic of several analyst reports. Citigroup initiated coverage on shares of Carrizo Oil & Gas in a research report on Friday, December 22nd. They issued a “neutral” rating and a $26.00 target price on the stock. BidaskClub raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. SunTrust Banks reaffirmed a “buy” rating and set a $26.00 price objective on shares of Carrizo Oil & Gas in a research report on Wednesday, January 3rd. Piper Jaffray reissued a “hold” rating and issued a $37.00 target price on shares of Carrizo Oil & Gas in a research report on Tuesday, January 9th. Finally, Zacks Investment Research downgraded shares of Carrizo Oil & Gas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.89.

In related news, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $18.19, for a total transaction of $145,520.00. Following the completion of the transaction, the insider now directly owns 208,294 shares in the company, valued at approximately $3,788,867.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John Bradley Fisher sold 22,292 shares of the company’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $14.83, for a total transaction of $330,590.36. Following the transaction, the chief operating officer now owns 183,445 shares of the company’s stock, valued at $2,720,489.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,143 shares of company stock valued at $1,718,719. Corporate insiders own 6.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in CRZO. Frontier Capital Management Co. LLC grew its holdings in shares of Carrizo Oil & Gas by 12.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 7,040,815 shares of the oil and gas producer’s stock worth $149,829,000 after purchasing an additional 784,124 shares during the last quarter. Kimmeridge Energy Management Company LLC grew its holdings in Carrizo Oil & Gas by 1,102.0% during the 4th quarter. Kimmeridge Energy Management Company LLC now owns 3,990,500 shares of the oil and gas producer’s stock worth $84,918,000 after acquiring an additional 3,658,500 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in Carrizo Oil & Gas by 14.1% during the 4th quarter. Glenmede Trust Co. NA now owns 2,122,174 shares of the oil and gas producer’s stock worth $45,158,000 after acquiring an additional 262,231 shares during the last quarter. Lion Point Capital LP bought a new stake in Carrizo Oil & Gas during the 4th quarter worth about $42,560,000. Finally, Macquarie Group Ltd. grew its holdings in Carrizo Oil & Gas by 12.4% during the 4th quarter. Macquarie Group Ltd. now owns 1,882,294 shares of the oil and gas producer’s stock worth $40,055,000 after acquiring an additional 207,537 shares during the last quarter.

Shares of Carrizo Oil & Gas stock traded up $0.04 during trading on Wednesday, hitting $19.00. The stock had a trading volume of 2,685,138 shares, compared to its average volume of 3,199,997. The company has a market cap of $1,555.79, a P/E ratio of 13.29 and a beta of 2.10. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.33 and a quick ratio of 0.33. Carrizo Oil & Gas has a 1 year low of $11.10 and a 1 year high of $27.06.

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About Carrizo Oil & Gas

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

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