Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Equities research analysts at KeyCorp lifted their Q3 2019 earnings per share (EPS) estimates for shares of Carrizo Oil & Gas in a research report issued on Sunday, August 11th. KeyCorp analyst L. Mariani now expects that the oil and gas producer will earn $0.86 per share for the quarter, up from their prior estimate of $0.84. KeyCorp also issued estimates for Carrizo Oil & Gas’ Q4 2019 earnings at $0.85 EPS, Q1 2020 earnings at $0.72 EPS, Q2 2020 earnings at $0.88 EPS, Q4 2020 earnings at $0.89 EPS and FY2020 earnings at $3.41 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Carrizo Oil & Gas had a net margin of 55.87% and a return on equity of 27.12%. The firm had revenue of $264.97 million during the quarter, compared to analyst estimates of $263.76 million.

Other analysts have also issued research reports about the stock. Ifs Securities lowered shares of Carrizo Oil & Gas from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $15.00 to $13.00 in a research note on Tuesday, April 23rd. Williams Capital reiterated a “buy” rating and issued a $14.00 target price on shares of Carrizo Oil & Gas in a research note on Monday, July 22nd. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Johnson Rice lowered shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, MKM Partners reiterated a “neutral” rating and issued a $11.00 target price (down previously from $19.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.50.

NASDAQ CRZO opened at $8.27 on Wednesday. Carrizo Oil & Gas has a 1 year low of $7.92 and a 1 year high of $26.67. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $769.09 million, a price-to-earnings ratio of 2.97, a PEG ratio of 0.13 and a beta of 2.12. The company has a fifty day moving average price of $9.66 and a 200-day moving average price of $11.15.

A number of large investors have recently modified their holdings of the business. Nuveen Asset Management LLC raised its stake in shares of Carrizo Oil & Gas by 1,792.2% during the second quarter. Nuveen Asset Management LLC now owns 378,143 shares of the oil and gas producer’s stock worth $3,788,000 after acquiring an additional 358,159 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Carrizo Oil & Gas during the second quarter worth approximately $54,000. Tortoise Capital Advisors L.L.C. raised its stake in shares of Carrizo Oil & Gas by 19.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 489,180 shares of the oil and gas producer’s stock worth $4,902,000 after acquiring an additional 79,100 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Carrizo Oil & Gas by 227.3% during the second quarter. Cubist Systematic Strategies LLC now owns 470,185 shares of the oil and gas producer’s stock worth $4,711,000 after acquiring an additional 326,544 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of Carrizo Oil & Gas during the second quarter worth approximately $427,000.

In related news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $10.85, for a total transaction of $86,800.00. Following the completion of the transaction, the insider now owns 187,221 shares in the company, valued at $2,031,347.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. 4.80% of the stock is currently owned by corporate insiders.

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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