Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Equities research analysts at Oppenheimer lifted their FY2019 earnings per share (EPS) estimates for shares of Carrizo Oil & Gas in a research report issued on Monday, November 11th. Oppenheimer analyst T. Rezvan now expects that the oil and gas producer will earn $2.65 per share for the year, up from their prior estimate of $2.58. Oppenheimer also issued estimates for Carrizo Oil & Gas’ Q4 2019 earnings at $0.78 EPS, Q3 2020 earnings at $0.75 EPS, Q4 2020 earnings at $0.76 EPS and FY2020 earnings at $2.87 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Monday, November 4th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $256.99 million during the quarter, compared to analysts’ expectations of $261.67 million. Carrizo Oil & Gas had a return on equity of 19.61% and a net margin of 61.01%.

Several other research analysts have also weighed in on the company. Piper Jaffray Companies set a $15.00 target price on Carrizo Oil & Gas and gave the stock a “hold” rating in a research report on Friday, August 16th. Northland Securities reaffirmed a “hold” rating and issued a $9.00 target price on shares of Carrizo Oil & Gas in a research report on Sunday, September 1st. MKM Partners reaffirmed a “neutral” rating and issued a $11.00 target price (down from $19.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, July 16th. Raymond James lowered Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 17th. Finally, Johnson Rice lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. Carrizo Oil & Gas has an average rating of “Hold” and an average target price of $14.35.

Shares of CRZO traded down $0.16 during trading hours on Wednesday, hitting $7.79. The stock had a trading volume of 66,234 shares, compared to its average volume of 4,718,956. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $714.95 million, a P/E ratio of 2.80, a P/E/G ratio of 0.12 and a beta of 2.12. The company’s fifty day simple moving average is $7.89 and its 200 day simple moving average is $9.47. Carrizo Oil & Gas has a 12-month low of $6.87 and a 12-month high of $18.63.

In other news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $8.26, for a total transaction of $66,080.00. Following the sale, the insider now directly owns 179,221 shares of the company’s stock, valued at $1,480,365.46. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CRZO. Cetera Advisor Networks LLC raised its holdings in Carrizo Oil & Gas by 34.3% during the third quarter. Cetera Advisor Networks LLC now owns 15,730 shares of the oil and gas producer’s stock worth $136,000 after purchasing an additional 4,018 shares in the last quarter. BBVA USA Bancshares Inc. bought a new stake in shares of Carrizo Oil & Gas during the third quarter valued at approximately $272,000. Mason Street Advisors LLC grew its stake in shares of Carrizo Oil & Gas by 9.4% during the third quarter. Mason Street Advisors LLC now owns 31,427 shares of the oil and gas producer’s stock valued at $270,000 after purchasing an additional 2,711 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Carrizo Oil & Gas by 19.3% during the third quarter. First Trust Advisors LP now owns 231,012 shares of the oil and gas producer’s stock valued at $1,983,000 after purchasing an additional 37,452 shares during the last quarter. Finally, Gabelli Funds LLC bought a new stake in shares of Carrizo Oil & Gas during the third quarter valued at approximately $515,000.

About Carrizo Oil & Gas

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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