Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Equities researchers at KeyCorp decreased their Q4 2017 earnings per share (EPS) estimates for Carrizo Oil & Gas in a note issued to investors on Wednesday. KeyCorp analyst C. Stevens now forecasts that the oil and gas producer will earn $0.38 per share for the quarter, down from their prior estimate of $0.43. KeyCorp has a “Buy” rating on the stock. KeyCorp also issued estimates for Carrizo Oil & Gas’ Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.39 EPS and FY2018 earnings at $1.51 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Tuesday, August 8th. 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. 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 during the quarter, compared to analysts’ expectations of $163.22 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. Carrizo Oil & Gas’s revenue was up 55.2% compared to the same quarter last year.

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Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Mizuho downgraded Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and cut their target price for the stock from $32.00 to $17.00 in a research note on Thursday, September 7th. Tudor Pickering downgraded Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. J P Morgan Chase & Co downgraded Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $30.00 to $21.00 in a research report on Thursday, July 20th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $25.00 price target (down previously from $64.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Carrizo Oil & Gas has a consensus rating of “Hold” and a consensus target price of $30.68.

Shares of Carrizo Oil & Gas (CRZO) opened at 15.94 on Monday. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $43.96. The company’s 50-day moving average is $15.21 and its 200 day moving average is $18.59. The company’s market cap is $1.30 billion.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in 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 valued at $245,193,000 after purchasing an additional 8,513,822 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of 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 in the last quarter. Marshall Wace North America L.P. boosted its position in shares of 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 in the last quarter. State Street Corp boosted its position in shares of 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 in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its position in shares of 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 in the last quarter. Institutional investors own 99.97% of the company’s stock.

In other news, Director Steven A. Webster purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average cost of $12.67 per share, for a total transaction of $316,750.00. Following the completion of the transaction, the director now directly owns 2,826,310 shares of the company’s stock, valued at approximately $35,809,347.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Webster purchased 75,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average price of $13.89 per share, for a total transaction of $1,041,750.00. Following the completion of the transaction, the director now directly owns 2,724,410 shares of the company’s stock, valued at $37,842,054.90. The disclosure for this purchase can be found here. Insiders have purchased 431,600 shares of company stock worth $5,602,306 over the last 90 days. 6.00% of the stock is currently 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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