Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Research analysts at Capital One Financial Corporation raised their FY2017 earnings per share estimates for shares of Carrizo Oil & Gas in a research report issued on Thursday. Capital One Financial Corporation analyst B. Velie now expects that the oil and gas producer will earn $1.02 per share for the year, up from their previous estimate of $1.00. Capital One Financial Corporation also issued estimates for Carrizo Oil & Gas’ Q4 2017 earnings at $0.30 EPS and FY2018 earnings at $1.18 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly 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. The firm had revenue of $166.50 million during the quarter, compared to the consensus estimate of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The business’s revenue was up 55.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. WARNING: “FY2017 EPS Estimates for Carrizo Oil & Gas, Inc. Raised by Capital One Financial Corporation (CRZO)” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/06/fy2017-eps-estimates-for-carrizo-oil-gas-inc-raised-by-capital-one-financial-corporation-crzo.html.

Several other research analysts have also issued reports on CRZO. BidaskClub upgraded shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Seaport Global Securities lowered shares of Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research note on Wednesday, June 21st. BMO Capital Markets set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday, June 26th. Mizuho restated a “buy” rating and set a $32.00 price objective on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. Finally, Zacks Investment Research lowered shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.56.

Shares of Carrizo Oil & Gas (CRZO) opened at 17.20 on Friday. The stock’s 50 day moving average is $14.25 and its 200 day moving average is $19.50. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $43.96. The company’s market capitalization is $1.40 billion.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in shares of Carrizo Oil & Gas by 6.4% in the second quarter. SG Americas Securities LLC now owns 79,499 shares of the oil and gas producer’s stock worth $1,385,000 after buying an additional 4,785 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Carrizo Oil & Gas in the second quarter worth approximately $4,147,000. Pacad Investment Ltd. purchased a new position in shares of Carrizo Oil & Gas in the second quarter worth approximately $1,246,000. Vanguard Group Inc. boosted its holdings in shares of Carrizo Oil & Gas by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,022,707 shares of the oil and gas producer’s stock worth $172,611,000 after buying an additional 350,219 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Carrizo Oil & Gas by 91.2% in the second quarter. Sei Investments Co. now owns 133,152 shares of the oil and gas producer’s stock worth $2,319,000 after buying an additional 63,508 shares during the last quarter.

In other Carrizo Oil & Gas news, Director Steven A. Webster acquired 29,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $13.36 per share, with a total value of $396,792.00. Following the completion of the acquisition, the director now owns 2,724,410 shares in the company, valued at approximately $36,398,117.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Webster acquired 75,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average cost of $13.89 per share, for a total transaction of $1,041,750.00. Following the acquisition, the director now owns 2,724,410 shares of the company’s stock, valued at approximately $37,842,054.90. The disclosure for this purchase can be found here. In the last three months, insiders purchased 431,600 shares of company stock worth $5,602,306. 6.00% of the stock is currently owned by 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)

Receive News & Ratings for Carrizo Oil & Gas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas Inc. and related companies with MarketBeat.com's FREE daily email newsletter.