Q2 2017 EPS Estimates for Carrizo Oil & Gas, Inc. Raised by Seaport Global Securities (NASDAQ:CRZO)

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Research analysts at Seaport Global Securities raised their Q2 2017 earnings per share estimates for shares of Carrizo Oil & Gas in a research report issued on Thursday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas producer will earn $0.21 per share for the quarter, up from their previous estimate of $0.18. Seaport Global Securities has a “Sell” rating on the stock. Seaport Global Securities also issued estimates for Carrizo Oil & Gas’ Q1 2018 earnings at ($0.14) EPS, Q2 2018 earnings at ($0.12) EPS and FY2018 earnings at ($0.20) EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Tuesday, May 9th. The oil and gas producer reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $151.36 million during the quarter, compared to analysts’ expectations of $147.19 million. Carrizo Oil & Gas had a negative return on equity of 128.17% and a negative net margin of 63.08%. The company’s revenue for the quarter was up 86.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS.

ILLEGAL ACTIVITY NOTICE: “Q2 2017 EPS Estimates for Carrizo Oil & Gas, Inc. Raised by Seaport Global Securities (NASDAQ:CRZO)” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/30/q2-2017-eps-estimates-for-carrizo-oil-gas-inc-raised-by-seaport-global-securities-nasdaqcrzo-updated-updated-updated.html.

CRZO has been the subject of several other reports. Williams Capital initiated coverage on shares of Carrizo Oil & Gas in a research report on Monday, March 20th. They set a “buy” rating and a $44.00 price objective for the company. BMO Capital Markets set a $20.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Monday, June 26th. BidaskClub upgraded shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada set a $40.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Thursday, May 11th. Finally, Mizuho restated a “buy” rating and set a $32.00 price objective on shares of Carrizo Oil & Gas in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $41.88.

Carrizo Oil & Gas (NASDAQ:CRZO) opened at 18.40 on Monday. Carrizo Oil & Gas has a 12-month low of $15.05 and a 12-month high of $43.96. The firm has a 50-day moving average price of $20.83 and a 200 day moving average price of $29.16. The firm’s market cap is $1.21 billion.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its position in shares of Carrizo Oil & Gas by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,760 shares of the oil and gas producer’s stock worth $193,000 after buying an additional 120 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Carrizo Oil & Gas by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,990 shares of the oil and gas producer’s stock worth $401,000 after buying an additional 140 shares during the period. Blair William & Co. IL boosted its position in shares of Carrizo Oil & Gas by 2.2% in the first quarter. Blair William & Co. IL now owns 8,390 shares of the oil and gas producer’s stock worth $242,000 after buying an additional 181 shares during the period. Chicago Equity Partners LLC boosted its position in shares of Carrizo Oil & Gas by 1.5% in the first quarter. Chicago Equity Partners LLC now owns 16,705 shares of the oil and gas producer’s stock worth $479,000 after buying an additional 250 shares during the period. Finally, First Midwest Bank Trust Division boosted its position in shares of Carrizo Oil & Gas by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 8,681 shares of the oil and gas producer’s stock worth $249,000 after buying an additional 280 shares during the period.

In related news, Director Frank A. Wojtek sold 2,800 shares of Carrizo Oil & Gas stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total value of $67,872.00. Following the transaction, the director now directly owns 30,008 shares of the company’s stock, valued at $727,393.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.00% of the company’s stock.

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)

Receive News & Ratings for Carrizo Oil & Gas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply