Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Analysts at Capital One Financial Corporation upped their FY2018 earnings estimates for shares of Carrizo Oil & Gas in a report issued on Tuesday. Capital One Financial Corporation analyst B. Velie now expects that the oil and gas producer will post earnings per share of $1.13 for the year, up from their previous forecast of $1.01.

Other equities research analysts also recently issued reports about the stock. Mizuho reiterated a “buy” rating and set a $32.00 price objective on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. BMO Capital Markets set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Monday, June 26th. 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 note on Wednesday, May 17th. Royal Bank Of Canada set a $40.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Thursday, May 11th. Finally, Williams Capital set a $35.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.24.

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Shares of Carrizo Oil & Gas (NASDAQ CRZO) traded down 9.13% during mid-day trading on Thursday, hitting $12.05. 4,045,456 shares of the stock traded hands. The company’s 50 day moving average is $14.19 and its 200 day moving average is $21.73. Carrizo Oil & Gas has a one year low of $11.73 and a one year high of $43.96. The firm’s market capitalization is $981.36 million.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The business had revenue of $166.50 million for the quarter, compared to analyst estimates of $163.22 million. During the same period in the previous year, the business earned $0.29 EPS. The firm’s revenue was up 55.2% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC raised its holdings in Carrizo Oil & Gas by 89.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock worth $46,322,000 after purchasing an additional 1,256,160 shares during the last quarter. Phocas Financial Corp. raised its holdings in Carrizo Oil & Gas by 4.7% during the 2nd quarter. Phocas Financial Corp. now owns 212,352 shares of the oil and gas producer’s stock worth $3,699,000 after purchasing an additional 9,481 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Carrizo Oil & Gas by 260.8% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 102,641 shares of the oil and gas producer’s stock worth $1,787,000 after purchasing an additional 74,193 shares during the last quarter. Verition Fund Management LLC bought a new position in Carrizo Oil & Gas during the 2nd quarter worth approximately $467,000. Finally, Piedmont Investment Advisors LLC bought a new position in Carrizo Oil & Gas during the 2nd quarter worth approximately $288,000. Hedge funds and other institutional investors own 99.96% of the company’s stock.

In other news, Director Steven A. Webster purchased 75,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $12.13 per share, for a total transaction of $909,750.00. Following the acquisition, the director now owns 2,826,310 shares in the company, valued at $34,283,140.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven A. Webster purchased 25,000 shares of the stock in a transaction on Monday, August 28th. The shares were purchased at an average price of $12.67 per share, with a total value of $316,750.00. Following the acquisition, the director now owns 2,826,310 shares in the company, valued at approximately $35,809,347.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 356,600 shares of company stock worth $4,724,806. 6.00% of the stock is owned by corporate insiders.

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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