Carrizo Oil & Gas Inc to Post FY2020 Earnings of $3.43 Per Share, SunTrust Banks Forecasts (CRZO)

Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Equities researchers at SunTrust Banks boosted their FY2020 EPS estimates for shares of Carrizo Oil & Gas in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas producer will earn $3.43 per share for the year, up from their prior estimate of $3.21. SunTrust Banks has a “Buy” rating and a $26.00 price objective on the stock.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its 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. The firm had revenue of $181.28 million for the quarter, compared to analysts’ expectations of $177.97 million. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The business’s revenue was up 63.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS.

Other analysts have also recently issued reports about the stock. Raymond James Financial set a $28.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, December 12th. Piper Jaffray Companies restated a “hold” rating on shares of Carrizo Oil & Gas in a research report on Thursday, December 14th. Williams Capital restated a “buy” rating and set a $26.00 target price on shares of Carrizo Oil & Gas in a research report on Wednesday, November 8th. Zacks Investment Research cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, KeyCorp restated a “buy” rating on shares of Carrizo Oil & Gas in a research report on Friday, December 15th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Carrizo Oil & Gas currently has an average rating of “Buy” and an average target price of $28.33.

Shares of Carrizo Oil & Gas (NASDAQ CRZO) traded up $0.50 during midday trading on Wednesday, hitting $24.36. 3,053,085 shares of the stock traded hands, compared to its average volume of 2,690,000. The company has a debt-to-equity ratio of 4.38, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market cap of $1,980.00, a PE ratio of 15.72 and a beta of 2.18. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $39.48.

In related news, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total transaction of $149,520.00. Following the transaction, the insider now directly owns 231,194 shares in the company, valued at approximately $4,321,015.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.00% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Advisor Group Inc. grew its stake in Carrizo Oil & Gas by 47.4% in the 2nd quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after acquiring an additional 2,611 shares in the last quarter. Van ECK Associates Corp grew its stake in Carrizo Oil & Gas by 15.0% in the 2nd quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock worth $157,000 after acquiring an additional 1,177 shares in the last quarter. Amalgamated Bank bought a new position in Carrizo Oil & Gas in the 3rd quarter worth about $182,000. Affinity Investment Advisors LLC bought a new position in Carrizo Oil & Gas in the 3rd quarter worth about $211,000. Finally, Crossmark Global Holdings Inc. bought a new position in Carrizo Oil & Gas in the 3rd quarter worth about $231,000. Institutional investors and hedge funds own 99.96% of the company’s stock.

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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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