Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Jefferies Financial Group lowered their FY2018 EPS estimates for Carrizo Oil & Gas in a report issued on Friday, February 8th. Jefferies Financial Group analyst M. Lear now expects that the oil and gas producer will post earnings of $2.77 per share for the year, down from their previous forecast of $2.78. Jefferies Financial Group currently has a “Buy” rating and a $28.00 price target on the stock. Jefferies Financial Group also issued estimates for Carrizo Oil & Gas’ Q4 2018 earnings at $0.55 EPS, Q4 2019 earnings at $0.58 EPS, Q1 2020 earnings at $0.34 EPS, Q2 2020 earnings at $0.45 EPS, Q3 2020 earnings at $0.50 EPS, Q4 2020 earnings at $0.54 EPS and FY2020 earnings at $1.83 EPS.

Other equities research analysts also recently issued research reports about the company. MKM Partners began coverage on Carrizo Oil & Gas in a research report on Wednesday, December 5th. They set a “buy” rating and a $27.00 price objective for the company. Williams Capital set a $22.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, December 12th. KeyCorp began coverage on Carrizo Oil & Gas in a research report on Thursday, January 31st. They set an “overweight” rating and a $14.50 price objective for the company. Ifs Securities began coverage on Carrizo Oil & Gas in a research report on Monday, October 29th. They set an “outperform” rating for the company. Finally, Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Friday, November 9th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Carrizo Oil & Gas has an average rating of “Hold” and a consensus price target of $25.58.

Shares of NASDAQ:CRZO opened at $11.27 on Monday. Carrizo Oil & Gas has a one year low of $9.67 and a one year high of $31.57. The firm has a market cap of $1.01 billion, a PE ratio of 7.88 and a beta of 2.40. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.27 and a quick ratio of 0.27.

In other news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $12.65, for a total value of $101,200.00. Following the completion of the sale, the insider now owns 139,076 shares in the company, valued at $1,759,311.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 24,000 shares of company stock valued at $341,440 in the last 90 days. Corporate insiders own 5.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRZO. Raymond James & Associates lifted its holdings in shares of Carrizo Oil & Gas by 25.4% in the second quarter. Raymond James & Associates now owns 19,080 shares of the oil and gas producer’s stock valued at $531,000 after purchasing an additional 3,861 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Carrizo Oil & Gas by 26,788.1% in the second quarter. Advisors Asset Management Inc. now owns 1,821,670 shares of the oil and gas producer’s stock valued at $183,000 after purchasing an additional 1,814,895 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Carrizo Oil & Gas by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 1,031,961 shares of the oil and gas producer’s stock valued at $28,740,000 after purchasing an additional 51,252 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Carrizo Oil & Gas by 4.0% in the second quarter. Northern Trust Corp now owns 1,029,433 shares of the oil and gas producer’s stock valued at $28,670,000 after purchasing an additional 39,385 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Carrizo Oil & Gas by 8.1% in the third quarter. State of Alaska Department of Revenue now owns 27,559 shares of the oil and gas producer’s stock valued at $694,000 after purchasing an additional 2,065 shares in the last quarter.

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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