Carrizo Oil & Gas, Inc. (CRZO) Scheduled to Post Earnings on Wednesday
Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Carrizo Oil & Gas to post earnings of $0.23 per share for the quarter.
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, beating analysts’ consensus estimates 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 business had revenue of $166.50 million for the quarter, compared to the consensus estimate of $163.22 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 55.2% on a year-over-year basis. On average, analysts expect Carrizo Oil & Gas to post $1.11 EPS for the current fiscal year and $1.53 EPS for the next fiscal year.
Carrizo Oil & Gas, Inc. (NASDAQ CRZO) opened at 14.86 on Wednesday. Carrizo Oil & Gas, Inc. has a 12-month low of $11.10 and a 12-month high of $43.96. The stock has a 50 day moving average price of $15.23 and a 200-day moving average price of $18.25. The stock’s market cap is $1.21 billion.
Several research analysts recently commented on CRZO shares. Zacks Investment Research cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. SunTrust Banks, Inc. set a $20.00 price target on Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Monday, October 16th. BidaskClub upgraded Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Mizuho cut Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and cut their price target for the stock from $32.00 to $17.00 in a research note on Thursday, September 7th. Finally, Piper Jaffray Companies cut their price objective on Carrizo Oil & Gas from $43.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.68.
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In related news, Director Steven A. Webster bought 151,900 shares of the stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $13.56 per share, with a total value of $2,059,764.00. Following the completion of the acquisition, the director now owns 2,724,410 shares of the company’s stock, valued at $36,942,999.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Webster bought 75,000 shares of the stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $13.89 per share, with a total value of $1,041,750.00. Following the completion of the acquisition, the director now directly 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. Insiders have bought 431,600 shares of company stock valued at $5,602,306 over the last ninety days. Corporate insiders own 6.00% of the company’s stock.
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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