Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Equities researchers at Jefferies Group issued their Q3 2017 earnings per share estimates for shares of Carrizo Oil & Gas in a research note issued to investors on Monday. Jefferies Group analyst M. Lear forecasts that the oil and gas producer will post earnings per share of $0.24 for the quarter. Jefferies Group currently has a “Hold” rating and a $16.00 price objective on the stock. Jefferies Group also issued estimates for Carrizo Oil & Gas’ Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.16 EPS, Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $1.59 EPS, Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.50 EPS and FY2019 earnings at $1.96 EPS.

A number of other equities analysts have also weighed in on CRZO. BMO Capital Markets set a $20.00 price target on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Monday. J P Morgan Chase & Co lowered Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $21.00 in a research report on Thursday, July 20th. BidaskClub upgraded Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Mizuho lowered Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $32.00 to $17.00 in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $33.74.

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Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 16.67 on Thursday. The company has a 50 day moving average of $14.61 and a 200 day moving average of $19.13. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $43.96. The stock’s market capitalization is $1.36 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, topping 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 firm earned $0.29 EPS. The business’s revenue for the quarter was up 55.2% compared to the same quarter last year.

In other Carrizo Oil & Gas news, Director Steven A. Webster bought 75,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of $13.89 per share, with a total value of $1,041,750.00. Following the completion of the purchase, the director now owns 2,724,410 shares in the company, valued at $37,842,054.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven A. Webster bought 151,900 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $13.56 per share, with a total value of $2,059,764.00. Following the completion of the purchase, the director now owns 2,724,410 shares of the company’s stock, valued at approximately $36,942,999.60. The disclosure for this purchase can be found here. Insiders 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 corporate insiders.

Several hedge funds have recently bought and sold shares of CRZO. BlackRock Inc. boosted its position in shares of Carrizo Oil & Gas by 20,572.2% during the first quarter. BlackRock Inc. now owns 8,555,207 shares of the oil and gas producer’s stock worth $245,193,000 after buying an additional 8,513,822 shares during the period. Lord Abbett & CO. LLC boosted its position in Carrizo Oil & Gas by 89.5% during the second quarter. Lord Abbett & CO. LLC now owns 2,659,107 shares of the oil and gas producer’s stock valued at $46,322,000 after purchasing an additional 1,256,160 shares during the last quarter. Marshall Wace North America L.P. boosted its position in Carrizo Oil & Gas by 2,349.5% during the second quarter. Marshall Wace North America L.P. now owns 897,901 shares of the oil and gas producer’s stock valued at $15,264,000 after purchasing an additional 861,245 shares during the last quarter. State Street Corp boosted its position in Carrizo Oil & Gas by 28.7% during the second quarter. State Street Corp now owns 3,815,021 shares of the oil and gas producer’s stock valued at $66,454,000 after purchasing an additional 850,815 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its position in Carrizo Oil & Gas by 17.0% during the second quarter. Frontier Capital Management Co. LLC now owns 4,905,089 shares of the oil and gas producer’s stock valued at $85,447,000 after purchasing an additional 714,257 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.

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

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