Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Research analysts at Capital One Financial Corporation lifted their FY2017 earnings estimates for Carrizo Oil & Gas in a report released on Wednesday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $0.89 for the year, up from their previous estimate of $0.84.

CRZO has been the topic of several other reports. J P Morgan Chase & Co cut Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $30.00 to $21.00 in a research report on Thursday, July 20th. BMO Capital Markets set a $20.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Monday, June 26th. BidaskClub raised 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 Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Thursday, May 11th. Finally, Mizuho reaffirmed a “buy” rating and issued 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, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Carrizo Oil & Gas currently has a consensus rating of “Buy” and a consensus target price of $40.33.

WARNING: “FY2017 Earnings Estimate for Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Issued By Capital One Financial Corporation” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://theolympiareport.com/2017/08/12/fy2017-earnings-estimate-for-carrizo-oil-gas-inc-nasdaqcrzo-issued-by-capital-one-financial-corporation.html.

Carrizo Oil & Gas (NASDAQ:CRZO) opened at 13.86 on Thursday. Carrizo Oil & Gas has a one year low of $12.73 and a one year high of $43.96. The firm has a 50-day moving average price of $15.65 and a 200 day moving average price of $24.51. The company’s market cap is $912.47 million.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, beating the consensus estimate 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 company had revenue of $166.50 million for the quarter, compared to analyst estimates of $163.22 million. During the same quarter in the prior year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 55.2% compared to the same quarter last year.

Large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Carrizo Oil & Gas by 20,572.2% in the first quarter. BlackRock Inc. now owns 8,555,207 shares of the oil and gas producer’s stock valued at $245,193,000 after buying an additional 8,513,822 shares during the period. Caymus Capital Partners L.P. raised its stake in Carrizo Oil & Gas by 978.3% in the first quarter. Caymus Capital Partners L.P. now owns 1,401,800 shares of the oil and gas producer’s stock valued at $40,176,000 after buying an additional 1,271,800 shares during the period. Marshall Wace North America L.P. raised its stake in Carrizo Oil & Gas by 2,349.5% in the second quarter. Marshall Wace North America L.P. now owns 897,901 shares of the oil and gas producer’s stock valued at $15,264,000 after buying an additional 861,245 shares during the period. Frontier Capital Management Co. LLC raised its stake in Carrizo Oil & Gas by 17.0% in the second quarter. Frontier Capital Management Co. LLC now owns 4,905,089 shares of the oil and gas producer’s stock valued at $85,447,000 after buying an additional 714,257 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Carrizo Oil & Gas by 7,755.6% in the first quarter. Mackenzie Financial Corp now owns 707,000 shares of the oil and gas producer’s stock valued at $20,263,000 after buying an additional 698,000 shares during the period. Hedge funds and other institutional investors own 89.12% of the company’s stock.

In other news, Director Frank A. Wojtek sold 2,800 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $24.24, for a total value of $67,872.00. Following the completion of the sale, the director now directly owns 30,008 shares in the company, valued at approximately $727,393.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.

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 Analyst Ratings Network's FREE daily email newsletter.