Wall Street brokerages expect that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will report earnings per share of $0.75 for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Carrizo Oil & Gas’ earnings. The highest EPS estimate is $0.99 and the lowest is $0.61. Carrizo Oil & Gas posted earnings per share of $0.79 in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.1%. The company is scheduled to report its next earnings report on Monday, August 5th.

On average, analysts expect that Carrizo Oil & Gas will report full year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.05 to $4.41. For the next financial year, analysts anticipate that the business will report earnings of $3.31 per share, with EPS estimates ranging from $2.04 to $8.18. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Carrizo Oil & Gas.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Carrizo Oil & Gas had a net margin of 49.20% and a return on equity of 32.14%. The company had revenue of $233.04 million during the quarter, compared to the consensus estimate of $228.41 million. During the same period in the previous year, the firm posted $0.48 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year.

CRZO has been the topic of a number of analyst reports. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Wells Fargo & Co cut shares of Occidental Petroleum from an “outperform” rating to a “market perform” rating in a research report on Monday, May 20th. Cowen set a $27.00 target price on shares of Schnitzer Steel Industries and gave the stock a “hold” rating in a research report on Tuesday, April 9th. Capital One Financial cut shares of Cimarex Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 20th. Finally, Ifs Securities upgraded shares of SRC Energy from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Carrizo Oil & Gas currently has a consensus rating of “Hold” and an average price target of $22.03.

In other news, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $9.15, for a total value of $73,200.00. Following the transaction, the insider now owns 195,221 shares in the company, valued at $1,786,272.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders sold 24,000 shares of company stock worth $275,040. Insiders own 4.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CRZO. Clearbridge Investments LLC bought a new position in shares of Carrizo Oil & Gas in the first quarter worth approximately $14,487,000. Ellis Investment Partners LLC raised its holdings in shares of Carrizo Oil & Gas by 1,434.8% during the first quarter. Ellis Investment Partners LLC now owns 1,119,656 shares of the oil and gas producer’s stock valued at $1,119,000 after purchasing an additional 1,046,705 shares during the last quarter. Norges Bank purchased a new position in shares of Carrizo Oil & Gas during the fourth quarter valued at approximately $10,299,000. Macquarie Group Ltd. raised its holdings in shares of Carrizo Oil & Gas by 20.7% during the fourth quarter. Macquarie Group Ltd. now owns 3,398,233 shares of the oil and gas producer’s stock valued at $38,367,000 after purchasing an additional 583,225 shares during the last quarter. Finally, Tributary Capital Management LLC raised its holdings in shares of Carrizo Oil & Gas by 41.4% during the first quarter. Tributary Capital Management LLC now owns 1,078,899 shares of the oil and gas producer’s stock valued at $13,454,000 after purchasing an additional 315,622 shares during the last quarter.

NASDAQ:CRZO traded up $0.19 during trading hours on Friday, reaching $10.50. The company’s stock had a trading volume of 2,321,149 shares, compared to its average volume of 3,477,685. The company has a market capitalization of $957.42 million, a price-to-earnings ratio of 3.78, a price-to-earnings-growth ratio of 0.13 and a beta of 2.14. The firm’s 50-day moving average price is $10.05. Carrizo Oil & Gas has a 1 year low of $8.64 and a 1 year high of $29.58. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.26 and a quick ratio of 0.26.

Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

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

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