Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Analysts at Oppenheimer boosted their Q3 2019 earnings per share estimates for Carrizo Oil & Gas in a research note issued to investors on Wednesday, October 16th. Oppenheimer analyst T. Rezvan now forecasts that the oil and gas producer will post earnings per share of $0.67 for the quarter, up from their prior estimate of $0.57. Oppenheimer also issued estimates for Carrizo Oil & Gas’ Q4 2019 earnings at $0.72 EPS, FY2019 earnings at $2.58 EPS, Q1 2020 earnings at $0.65 EPS, Q2 2020 earnings at $0.70 EPS, Q3 2020 earnings at $0.72 EPS, Q4 2020 earnings at $0.72 EPS and FY2020 earnings at $2.79 EPS.

CRZO has been the subject of a number of other reports. Williams Capital cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Raymond James cut Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 17th. ValuEngine upgraded Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co decreased their price target on Carrizo Oil & Gas from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Tuesday, October 15th. Finally, Johnson Rice cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.35.

Shares of NASDAQ CRZO opened at $7.49 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $691.80 million, a P/E ratio of 2.69, a price-to-earnings-growth ratio of 0.11 and a beta of 2.13. Carrizo Oil & Gas has a 1-year low of $7.17 and a 1-year high of $20.81. The business has a fifty day moving average price of $8.18 and a 200 day moving average price of $9.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $264.97 million during the quarter, compared to analysts’ expectations of $263.76 million. Carrizo Oil & Gas had a return on equity of 25.15% and a net margin of 55.87%.

Hedge funds have recently made changes to their positions in the company. Wedbush Securities Inc. purchased a new position in Carrizo Oil & Gas during the third quarter worth approximately $129,000. Envestnet Asset Management Inc. lifted its position in Carrizo Oil & Gas by 16.8% during the third quarter. Envestnet Asset Management Inc. now owns 105,670 shares of the oil and gas producer’s stock worth $907,000 after buying an additional 15,171 shares in the last quarter. Havens Advisors LLC purchased a new position in Carrizo Oil & Gas during the third quarter worth approximately $1,889,000. State of Alaska Department of Revenue lifted its position in Carrizo Oil & Gas by 142.7% during the third quarter. State of Alaska Department of Revenue now owns 71,094 shares of the oil and gas producer’s stock worth $610,000 after buying an additional 41,807 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in Carrizo Oil & Gas by 6.7% during the second quarter. Macquarie Group Ltd. now owns 3,939,222 shares of the oil and gas producer’s stock worth $39,471,000 after buying an additional 245,626 shares in the last quarter.

In other news, CEO S P. Iv Johnson sold 8,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $9.83, for a total value of $78,640.00. Following the transaction, the chief executive officer now directly owns 171,221 shares of the company’s stock, valued at $1,683,102.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.80% of the company’s stock.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

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

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