Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Research analysts at Seaport Global Securities increased their Q3 2017 EPS estimates for Carrizo Oil & Gas in a note issued to investors on Monday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will earn $0.25 per share for the quarter, up from their prior forecast of $0.24. Seaport Global Securities also issued estimates for Carrizo Oil & Gas’ Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $0.71 EPS.

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, topping the Thomson Reuters’ 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 firm had revenue of $166.50 million for the quarter, compared to analyst estimates of $163.22 million. During the same period last year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was up 55.2% on a year-over-year basis.

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

Shares of Carrizo Oil & Gas (NASDAQ CRZO) opened at 14.94 on Tuesday. Carrizo Oil & Gas has a 12 month low of $11.10 and a 12 month high of $43.96. The firm has a 50-day moving average price of $15.24 and a 200 day moving average price of $18.35. The firm’s market capitalization is $1.22 billion.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Carrizo Oil & Gas by 11.4% in the second quarter. BlackRock Inc. now owns 9,534,149 shares of the oil and gas producer’s stock valued at $166,088,000 after acquiring an additional 978,942 shares during the period. Vanguard Group Inc. grew its stake in Carrizo Oil & Gas by 6.7% in the second quarter. Vanguard Group Inc. now owns 6,427,895 shares of the oil and gas producer’s stock valued at $111,975,000 after acquiring an additional 405,188 shares during the period. Frontier Capital Management Co. LLC grew its stake in Carrizo Oil & Gas by 17.0% in 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 acquiring an additional 714,257 shares during the period. State Street Corp grew its stake in Carrizo Oil & Gas by 28.7% in 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 acquiring an additional 850,815 shares during the period. Finally, Lord Abbett & CO. LLC grew its stake in Carrizo Oil & Gas by 89.5% in 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 acquiring an additional 1,256,160 shares during the period. 99.88% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Steven A. Webster acquired 75,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired 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 directly owns 2,786,310 shares in the company, valued at $32,599,827. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Webster bought 25,000 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was acquired at an average cost of $12.67 per share, with a total value of $316,750.00. Following the completion of the purchase, the director now owns 2,826,310 shares of the company’s stock, valued at approximately $35,809,347.70. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 431,600 shares of company stock valued at $5,602,306. 6.00% of the stock is 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)

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