Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) issued its quarterly earnings data on Tuesday. The oil and gas producer reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05, Bloomberg Earnings reports. The firm had revenue of $166.50 million for the quarter, compared to analysts’ expectations of $163.22 million. Carrizo Oil & Gas had a negative net margin of 63.08% and a negative return on equity of 128.17%. The company’s quarterly revenue was up 55.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share.

Carrizo Oil & Gas (NASDAQ CRZO) opened at 13.56 on Wednesday. The firm has a 50-day moving average of $16.17 and a 200-day moving average of $25.31. The company’s market capitalization is $892.34 million. Carrizo Oil & Gas has a 52 week low of $12.73 and a 52 week high of $43.96.

CRZO has been the topic of several research analyst reports. Zacks Investment Research cut shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Jefferies Group LLC set a $36.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, May 17th. Mizuho reissued a “buy” rating and set a $32.00 price target on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. Williams Capital reissued a “buy” rating and set a $42.00 price target on shares of Carrizo Oil & Gas in a research note on Tuesday, May 9th. Finally, Seaport Global Securities cut shares of Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.33.

In other news, Director Frank A. Wojtek sold 2,800 shares of the company’s 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 sale, the director now directly owns 30,008 shares of the company’s stock, valued at approximately $727,393.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 6.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Hong Kong Ltd increased its position in Carrizo Oil & Gas by 1,014.9% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 3,207 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in Carrizo Oil & Gas by 33.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 980 shares during the last quarter. Elkfork Partners LLC increased its position in Carrizo Oil & Gas by 33.7% in the first quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock worth $135,000 after buying an additional 1,190 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Carrizo Oil & Gas during the first quarter worth about $150,000. Finally, State of Alaska Department of Revenue increased its position in Carrizo Oil & Gas by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,760 shares of the oil and gas producer’s stock worth $193,000 after buying an additional 120 shares during the last quarter. Institutional investors own 89.12% of the company’s stock.

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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 for Carrizo Oil & Gas (NASDAQ:CRZO)

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