Equities research analysts forecast that Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) will post earnings of $0.24 per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Carrizo Oil & Gas’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.10. Carrizo Oil & Gas posted earnings per share of $0.23 in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The business is scheduled to issue its next earnings results on Thursday, November 2nd.

On average, analysts expect that Carrizo Oil & Gas will report full-year earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $0.87 to $1.37. For the next financial year, analysts anticipate that the firm will report earnings of $1.52 per share, with EPS estimates ranging from $0.64 to $2.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Carrizo Oil & Gas.

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

CRZO has been the subject of a number of research reports. BidaskClub upgraded Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Mizuho cut Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $32.00 to $17.00 in a research report on Thursday, September 7th. Piper Jaffray Companies reduced their price objective on Carrizo Oil & Gas from $43.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Citigroup Inc. initiated coverage on Carrizo Oil & Gas in a research report on Monday, September 18th. They set a “neutral” rating and a $16.00 price objective for the company. Finally, BMO Capital Markets set a $20.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $35.56.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 16.56 on Thursday. The stock’s market cap is $1.35 billion. Carrizo Oil & Gas has a one year low of $11.10 and a one year high of $43.96. The company has a 50-day moving average price of $14.14 and a 200 day moving average price of $19.51.

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In other news, Director Steven A. Webster purchased 75,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was bought at an average cost of $11.70 per share, with a total value of $877,500.00. Following the completion of the purchase, the director now owns 2,786,310 shares in the company, valued at $32,599,827. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Webster purchased 29,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average cost of $13.36 per share, with a total value of $396,792.00. Following the completion of the purchase, the director now owns 2,724,410 shares of the company’s stock, valued at approximately $36,398,117.60. The disclosure for this purchase can be found here. Insiders have purchased 431,600 shares of company stock valued at $5,602,306 in the last quarter. 6.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan boosted its stake in Carrizo Oil & Gas by 1.0% during the first quarter. Municipal Employees Retirement System of Michigan now owns 13,990 shares of the oil and gas producer’s stock valued at $401,000 after buying an additional 140 shares during the last quarter. Blair William & Co. IL boosted its stake in Carrizo Oil & Gas by 2.2% during the first quarter. Blair William & Co. IL now owns 8,390 shares of the oil and gas producer’s stock valued at $242,000 after buying an additional 181 shares during the last quarter. Arizona State Retirement System boosted its stake in Carrizo Oil & Gas by 1.0% during the first quarter. Arizona State Retirement System now owns 31,849 shares of the oil and gas producer’s stock valued at $913,000 after buying an additional 300 shares during the last quarter. Texas Permanent School Fund boosted its stake in Carrizo Oil & Gas by 1.9% during the second quarter. Texas Permanent School Fund now owns 45,163 shares of the oil and gas producer’s stock valued at $787,000 after buying an additional 838 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in Carrizo Oil & Gas by 7.0% during the first quarter. Mason Street Advisors LLC now owns 14,316 shares of the oil and gas producer’s stock valued at $410,000 after buying an additional 938 shares during the last quarter.

About Carrizo Oil & Gas

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.

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

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