Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Research analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Carrizo Oil & Gas in a research note issued on Sunday, April 22nd. KeyCorp analyst D. Deckelbaum forecasts that the oil and gas producer will earn $0.35 per share for the quarter. KeyCorp currently has a “Buy” rating and a $26.00 target price on the stock. KeyCorp also issued estimates for Carrizo Oil & Gas’ Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.74 EPS, FY2018 earnings at $2.38 EPS, Q3 2019 earnings at $0.85 EPS, Q4 2019 earnings at $0.85 EPS and FY2019 earnings at $3.11 EPS.
Other research analysts also recently issued research reports about the company. Johnson Rice downgraded Carrizo Oil & Gas from a “buy” rating to an “accumulate” rating in a research note on Tuesday, February 27th. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Thursday, February 1st. Stifel Nicolaus set a $44.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday, January 29th. BMO Capital Markets restated a “buy” rating and issued a $26.00 price objective on shares of Carrizo Oil & Gas in a research note on Thursday, January 11th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $26.00 price target on shares of Carrizo Oil & Gas in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.89.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings data on Monday, February 26th. The oil and gas producer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.12. The firm had revenue of $246.77 million during the quarter, compared to the consensus estimate of $238.06 million. Carrizo Oil & Gas had a return on equity of 48.04% and a net margin of 11.68%. The business’s revenue for the quarter was up 71.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS.
Institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Investment Advisors Ltd. purchased a new stake in Carrizo Oil & Gas during the 4th quarter worth about $128,000. CIBC Asset Management Inc purchased a new stake in Carrizo Oil & Gas during the 4th quarter worth about $212,000. Quantitative Systematic Strategies LLC purchased a new stake in Carrizo Oil & Gas during the 4th quarter worth about $235,000. Cypress Capital Management LLC WY purchased a new stake in Carrizo Oil & Gas during the 4th quarter worth about $296,000. Finally, Bowling Portfolio Management LLC purchased a new stake in Carrizo Oil & Gas during the 4th quarter worth about $306,000.
In related news, General Counsel Gerald A. Morton sold 11,174 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $15.08, for a total transaction of $168,503.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $18.19, for a total value of $145,520.00. Following the sale, the insider now directly owns 208,294 shares in the company, valued at approximately $3,788,867.86. The disclosure for this sale can be found here. Insiders have sold a total of 112,143 shares of company stock worth $1,718,719 in the last ninety days. Insiders own 6.00% of the company’s stock.
Carrizo Oil & Gas Company Profile
Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.
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