Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Stock analysts at Capital One Financial lowered their Q3 2018 earnings estimates for Carrizo Oil & Gas in a research report issued on Wednesday, August 15th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $0.78 for the quarter, down from their previous forecast of $0.83. Capital One Financial also issued estimates for Carrizo Oil & Gas’ Q4 2018 earnings at $0.87 EPS and FY2019 earnings at $4.24 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Monday, August 6th. The oil and gas producer reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $264.00 million during the quarter, compared to analysts’ expectations of $230.08 million. Carrizo Oil & Gas had a return on equity of 52.59% and a net margin of 5.84%. Carrizo Oil & Gas’s revenue for the quarter was up 58.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share.

Other research analysts have also recently issued reports about the company. BidaskClub raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. BMO Capital Markets upped their price objective on Carrizo Oil & Gas from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 13th. Zacks Investment Research cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. ValuEngine raised Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 9th. Finally, Williams Capital set a $26.00 price target on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, May 8th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Carrizo Oil & Gas presently has a consensus rating of “Buy” and an average price target of $27.83.

CRZO stock opened at $22.75 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 3.52. The stock has a market cap of $2.03 billion, a PE ratio of 15.91 and a beta of 2.15. Carrizo Oil & Gas has a fifty-two week low of $11.10 and a fifty-two week high of $31.57.

In related news, COO John Bradley Fisher sold 10,000 shares of the stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $27.75, for a total transaction of $277,500.00. Following the completion of the transaction, the chief operating officer now directly owns 164,936 shares of the company’s stock, valued at $4,576,974. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $26.15, for a total value of $209,200.00. Following the completion of the sale, the insider now owns 223,076 shares in the company, valued at approximately $5,833,437.40. The disclosure for this sale can be found here. Insiders have sold 84,428 shares of company stock valued at $2,324,977 over the last three months. Insiders own 5.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Tanaka Capital Management Inc. bought a new stake in Carrizo Oil & Gas in the second quarter valued at approximately $838,000. Advisors Asset Management Inc. raised its stake in Carrizo Oil & Gas by 26,788.1% in the second quarter. Advisors Asset Management Inc. now owns 1,821,670 shares of the oil and gas producer’s stock valued at $183,000 after buying an additional 1,814,895 shares during the period. Glenmede Trust Co. NA raised its stake in Carrizo Oil & Gas by 6.6% in the second quarter. Glenmede Trust Co. NA now owns 2,262,146 shares of the oil and gas producer’s stock valued at $63,001,000 after buying an additional 139,972 shares during the period. Granahan Investment Management Inc. MA raised its stake in Carrizo Oil & Gas by 6.9% in the second quarter. Granahan Investment Management Inc. MA now owns 411,668 shares of the oil and gas producer’s stock valued at $11,465,000 after buying an additional 26,609 shares during the period. Finally, CastleArk Alternatives LLC bought a new stake in Carrizo Oil & Gas in the second quarter valued at approximately $353,000.

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

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