Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Stock analysts at Jefferies Financial Group lowered their Q3 2018 EPS estimates for shares of Carrizo Oil & Gas in a report issued on Monday, October 15th. Jefferies Financial Group analyst M. Lear now forecasts that the oil and gas producer will post earnings per share of $0.80 for the quarter, down from their prior estimate of $0.97. Jefferies Financial Group currently has a “Buy” rating and a $28.00 target price on the stock. Jefferies Financial Group also issued estimates for Carrizo Oil & Gas’ Q1 2019 earnings at $0.93 EPS, Q2 2019 earnings at $1.05 EPS, Q3 2019 earnings at $0.93 EPS, Q4 2019 earnings at $1.05 EPS, FY2019 earnings at $3.96 EPS and Q1 2020 earnings at $0.99 EPS.

A number of other equities research analysts have also recently commented on the company. Oppenheimer started coverage on Carrizo Oil & Gas in a report on Wednesday, October 3rd. They set a “market perform” rating on the stock. BidaskClub cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. ValuEngine cut Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Raymond James increased their target price on Carrizo Oil & Gas from $43.00 to $44.00 and gave the company a “strong-buy” rating in a report on Thursday, September 6th. Finally, KLR Group reiterated a “buy” rating and set a $35.00 target price on shares of Carrizo Oil & Gas in a report on Monday, August 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Carrizo Oil & Gas currently has a consensus rating of “Buy” and a consensus target price of $29.63.

CRZO opened at $21.70 on Tuesday. The company has a market capitalization of $2.07 billion, a P/E ratio of 15.17 and a beta of 2.18. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.26 and a current ratio of 0.26. Carrizo Oil & Gas has a 1-year low of $13.49 and a 1-year high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Monday, August 6th. The oil and gas producer reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $264.00 million for the quarter, compared to analysts’ expectations of $230.08 million. Carrizo Oil & Gas had a return on equity of 52.59% and a net margin of 5.84%. The company’s revenue was up 58.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS.

Several institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its stake in shares of Carrizo Oil & Gas by 8.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 27,559 shares of the oil and gas producer’s stock worth $694,000 after purchasing an additional 2,065 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Carrizo Oil & Gas by 91.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the oil and gas producer’s stock worth $156,000 after buying an additional 2,680 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Carrizo Oil & Gas by 7.7% in the 3rd quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the oil and gas producer’s stock worth $948,000 after buying an additional 2,700 shares during the period. Aperio Group LLC raised its position in shares of Carrizo Oil & Gas by 7.1% in the 2nd quarter. Aperio Group LLC now owns 43,010 shares of the oil and gas producer’s stock worth $1,198,000 after buying an additional 2,844 shares during the period. Finally, Raymond James & Associates raised its position in shares of Carrizo Oil & Gas by 25.4% in the 2nd quarter. Raymond James & Associates now owns 19,080 shares of the oil and gas producer’s stock worth $531,000 after buying an additional 3,861 shares during the period.

In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 8,000 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $22.55, for a total transaction of $180,400.00. Following the transaction, the chief executive officer now owns 180,276 shares of the company’s stock, valued at approximately $4,065,223.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John Bradley Fisher sold 7,500 shares of the stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $25.01, for a total value of $187,575.00. Following the transaction, the chief operating officer now directly owns 157,436 shares in the company, valued at approximately $3,937,474.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,500 shares of company stock worth $737,095. Corporate insiders own 5.40% of the company’s stock.

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

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