Carrizo Oil & Gas Inc (CRZO) Expected to Announce Earnings of $0.51 Per Share

Equities research analysts predict that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will report earnings per share (EPS) of $0.51 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Carrizo Oil & Gas’ earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.92. Carrizo Oil & Gas posted earnings per share of $0.44 during the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The business is scheduled to announce its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Carrizo Oil & Gas will report full year earnings of $1.31 per share for the current fiscal year, with EPS estimates ranging from $1.01 to $1.81. For the next year, analysts expect that the business will report earnings of $1.95 per share, with EPS estimates ranging from $0.71 to $3.42. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Carrizo Oil & Gas.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.09. Carrizo Oil & Gas had a return on equity of 58.37% and a net margin of 16.08%. The business had revenue of $181.28 million for the quarter, compared to analyst estimates of $177.97 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 63.1% compared to the same quarter last year.

CRZO has been the topic of several analyst reports. SunTrust Banks reissued a “buy” rating and issued a $24.00 target price on shares of Carrizo Oil & Gas in a research note on Friday, November 10th. Mizuho set a $21.00 target price on Carrizo Oil & Gas and gave the company a “hold” rating in a research note on Friday, November 24th. Williams Capital set a $29.00 target price on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday. Scotiabank reissued a “buy” rating and issued a $33.00 target price on shares of Carrizo Oil & Gas in a research note on Wednesday, November 8th. Finally, Zacks Investment Research raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $28.76.

Shares of Carrizo Oil & Gas (CRZO) traded up $1.00 on Friday, hitting $20.33. The stock had a trading volume of 4,082,092 shares, compared to its average volume of 2,726,879. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 4.38. Carrizo Oil & Gas has a twelve month low of $11.10 and a twelve month high of $42.75. The firm has a market capitalization of $1,660.00, a price-to-earnings ratio of 15.00 and a beta of 2.20.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $18.69, for a total value of $149,520.00. Following the completion of the sale, the insider now directly owns 231,194 shares in the company, valued at $4,321,015.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Webster purchased 75,000 shares of the stock in a transaction on Friday, September 8th. The stock was acquired at an average price of $11.70 per share, with a total value of $877,500.00. Following the completion of the acquisition, the director now directly owns 2,786,310 shares of the company’s stock, valued at $32,599,827. The disclosure for this purchase can be found here. 6.00% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Kings Point Capital Management increased its holdings in shares of Carrizo Oil & Gas by 220.0% in the second quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after acquiring an additional 5,500 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Carrizo Oil & Gas by 47.4% during the second quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after buying an additional 2,611 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Carrizo Oil & Gas by 15.0% during the second quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock worth $157,000 after buying an additional 1,177 shares in the last quarter. Amalgamated Bank bought a new position in shares of Carrizo Oil & Gas during the third quarter worth about $182,000. Finally, First Interstate Bank grew its holdings in shares of Carrizo Oil & Gas by 40.6% during the second quarter. First Interstate Bank now owns 11,740 shares of the oil and gas producer’s stock worth $205,000 after buying an additional 3,390 shares in the last quarter.

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

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