Equities analysts expect Carrizo Oil & Gas Inc (NASDAQ:CRZO) to report earnings per share of $0.65 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Carrizo Oil & Gas’ earnings, with estimates ranging from $0.49 to $0.82. Carrizo Oil & Gas posted earnings per share of $0.56 during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.1%. The company is scheduled to report its next quarterly earnings results on Monday, February 24th.
On average, analysts expect that Carrizo Oil & Gas will report full-year earnings of $2.50 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.80. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.50 per share, with EPS estimates ranging from $2.00 to $3.21. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Carrizo Oil & Gas.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business had revenue of $256.99 million for 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%.
A number of research analysts recently commented on the company. Wells Fargo & Co decreased their price objective on Carrizo Oil & Gas from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Tuesday, October 15th. Northland Securities reiterated a “hold” rating and issued a $9.00 price objective on shares of Carrizo Oil & Gas in a report on Sunday, September 1st. BidaskClub cut Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a report on Thursday. Piper Jaffray Companies set a $15.00 price objective on Carrizo Oil & Gas and gave the company a “hold” rating in a report on Friday, August 16th. Finally, Zacks Investment Research cut Carrizo Oil & Gas from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the stock. Carrizo Oil & Gas presently has a consensus rating of “Hold” and an average target price of $14.35.
Shares of Carrizo Oil & Gas stock traded up $0.05 on Monday, hitting $6.51. 67,321 shares of the company were exchanged, compared to its average volume of 10,103,143. The stock has a market capitalization of $604.75 million, a price-to-earnings ratio of 2.32, a price-to-earnings-growth ratio of 0.10 and a beta of 2.12. The company has a 50-day moving average price of $7.60 and a 200 day moving average price of $9.20. Carrizo Oil & Gas has a 1-year low of $6.15 and a 1-year high of $18.20. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.32.
In other news, Director Steven A. Webster bought 50,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of $6.47 per share, with a total value of $323,500.00. Following the completion of the transaction, the director now directly owns 2,849,941 shares in the company, valued at $18,439,118.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.83, for a total value of $78,640.00. Following the completion of the sale, the chief executive officer now directly owns 171,221 shares in the company, valued at approximately $1,683,102.43. The disclosure for this sale can be found here. 4.80% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new position in Carrizo Oil & Gas in the 2nd quarter worth about $54,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Carrizo Oil & Gas by 22.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock valued at $75,000 after buying an additional 1,363 shares in the last quarter. Teton Advisors Inc. purchased a new position in shares of Carrizo Oil & Gas during the 3rd quarter valued at about $107,000. Commonwealth Equity Services LLC purchased a new position in shares of Carrizo Oil & Gas during the 2nd quarter valued at about $109,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Carrizo Oil & Gas during the 2nd quarter valued at about $116,000.
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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