Equities research analysts expect Carrizo Oil & Gas Inc (NASDAQ:CRZO) to post sales of $278.56 million for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Carrizo Oil & Gas’ earnings, with estimates ranging from $258.00 million to $295.00 million. Carrizo Oil & Gas reported sales of $181.28 million during the same quarter last year, which indicates a positive year over year growth rate of 53.7%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Carrizo Oil & Gas will report full year sales of $1.05 billion for the current year, with estimates ranging from $935.00 million to $1.12 billion. For the next financial year, analysts expect that the firm will report sales of $1.33 billion, with estimates ranging from $1.21 billion to $1.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Carrizo Oil & Gas.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Monday, August 6th. The oil and gas producer reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The firm had revenue of $264.00 million for 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 quarterly revenue was up 58.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS.

A number of equities research analysts have commented on CRZO shares. JPMorgan Chase & Co. increased their target price on Carrizo Oil & Gas from $26.00 to $29.00 and gave the company a “$28.42” rating in a report on Monday, July 23rd. Stifel Nicolaus increased their target price on Carrizo Oil & Gas from $34.00 to $36.00 and gave the company a “buy” rating in a report on Monday, July 16th. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Saturday, July 14th. Royal Bank of Canada reiterated a “buy” rating and set a $29.00 target price on shares of Carrizo Oil & Gas in a report on Thursday, July 12th. Finally, Johnson Rice upgraded Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Carrizo Oil & Gas currently has a consensus rating of “Buy” and a consensus target price of $29.58.

NASDAQ:CRZO traded up $0.34 during trading hours on Monday, reaching $22.08. 1,404,673 shares of the company traded hands, compared to its average volume of 2,939,034. The stock has a market cap of $2.07 billion, a PE ratio of 15.44 and a beta of 2.18. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.26 and a current ratio of 0.26. Carrizo Oil & Gas has a 1-year low of $13.49 and a 1-year high of $31.57.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction on Monday, July 16th. The stock was sold at an average price of $27.43, for a total transaction of $219,440.00. Following the transaction, the insider now owns 187,076 shares of the company’s stock, valued at approximately $5,131,494.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John Bradley Fisher sold 7,500 shares of the stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $25.01, for a total value of $187,575.00. Following the transaction, the chief operating officer now directly owns 157,436 shares in the company, valued at approximately $3,937,474.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,500 shares of company stock worth $777,975. Corporate insiders own 5.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its position in shares of Carrizo Oil & Gas by 8.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 27,559 shares of the oil and gas producer’s stock worth $694,000 after buying an additional 2,065 shares during the period. United Services Automobile Association raised its position in shares of Carrizo Oil & Gas by 6.6% in the 2nd quarter. United Services Automobile Association now owns 422,036 shares of the oil and gas producer’s stock worth $11,754,000 after buying an additional 26,270 shares during the period. Northern Trust Corp raised its position in shares of Carrizo Oil & Gas by 4.0% in the 2nd quarter. Northern Trust Corp now owns 1,029,433 shares of the oil and gas producer’s stock worth $28,670,000 after buying an additional 39,385 shares during the period. Bank of New York Mellon Corp raised its position in shares of Carrizo Oil & Gas by 5.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,031,961 shares of the oil and gas producer’s stock worth $28,740,000 after buying an additional 51,252 shares during the period. Finally, HWG Holdings LP purchased a new position in shares of Carrizo Oil & Gas in the 2nd quarter worth $1,478,000.

About Carrizo Oil & Gas

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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