Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Research analysts at KeyCorp increased their FY2018 earnings per share estimates for shares of Carrizo Oil & Gas in a report released on Sunday. KeyCorp analyst C. Stevens now anticipates that the oil and gas producer will post earnings per share of $3.21 for the year, up from their prior forecast of $3.18.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, May 9th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $151.36 million for the quarter, compared to the consensus estimate of $147.19 million. Carrizo Oil & Gas had a negative return on equity of 128.17% and a negative net margin of 63.08%. The business’s quarterly revenue was up 86.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share.

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Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $43.00 price objective on shares of Carrizo Oil & Gas in a research report on Tuesday, April 25th. Seaport Global Securities raised shares of Carrizo Oil & Gas from a “neutral” rating to a “buy” rating in a research report on Friday, March 31st. Robert W. Baird decreased their price objective on shares of Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, May 24th. BidaskClub cut shares of Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, Jefferies Group LLC set a $36.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Carrizo Oil & Gas has an average rating of “Buy” and a consensus target price of $41.88.

Shares of Carrizo Oil & Gas (NASDAQ CRZO) traded up 3.45% during trading on Tuesday, hitting $16.17. The stock had a trading volume of 2,647,490 shares. The stock’s market cap is $1.06 billion. The stock’s 50 day moving average price is $20.83 and its 200-day moving average price is $29.16. Carrizo Oil & Gas has a one year low of $14.58 and a one year high of $43.96.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRZO. Perkins Capital Management Inc. raised its position in Carrizo Oil & Gas by 5.0% in the first quarter. Perkins Capital Management Inc. now owns 20,950 shares of the oil and gas producer’s stock worth $600,000 after buying an additional 1,000 shares in the last quarter. Palisade Capital Management LLC NJ raised its position in Carrizo Oil & Gas by 5.7% in the first quarter. Palisade Capital Management LLC NJ now owns 252,951 shares of the oil and gas producer’s stock worth $7,250,000 after buying an additional 13,660 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Carrizo Oil & Gas by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the oil and gas producer’s stock worth $714,000 after buying an additional 300 shares in the last quarter. Fox Run Management L.L.C. raised its position in Carrizo Oil & Gas by 94.2% in the first quarter. Fox Run Management L.L.C. now owns 16,700 shares of the oil and gas producer’s stock worth $479,000 after buying an additional 8,100 shares in the last quarter. Finally, Creative Planning raised its position in Carrizo Oil & Gas by 10.3% in the first quarter. Creative Planning now owns 7,955 shares of the oil and gas producer’s stock worth $228,000 after buying an additional 745 shares in the last quarter. Institutional investors own 88.13% of the company’s stock.

In other Carrizo Oil & Gas news, Director Frank A. Wojtek sold 2,800 shares of Carrizo Oil & Gas stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total value of $67,872.00. Following the transaction, the director now directly owns 30,008 shares in the company, valued at $727,393.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.00% of the company’s stock.

Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

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

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