FY2018 EPS Estimates for Carrizo Oil & Gas Inc Boosted by Analyst (CRZO)

Carrizo Oil & Gas Inc (NASDAQ:CRZO) – SunTrust Banks boosted their FY2018 EPS estimates for Carrizo Oil & Gas in a report released on Tuesday, November 6th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas producer will post earnings per share of $3.11 for the year, up from their prior forecast of $2.96. SunTrust Banks currently has a “Buy” rating and a $35.00 price target on the stock. SunTrust Banks also issued estimates for Carrizo Oil & Gas’ Q4 2018 earnings at $0.89 EPS, FY2019 earnings at $4.63 EPS and FY2020 earnings at $5.22 EPS.

CRZO has been the subject of several other research reports. KLR Group reiterated a “buy” rating and issued a $35.00 target price on shares of Carrizo Oil & Gas in a research note on Monday, August 20th. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, October 25th. BidaskClub upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, September 26th. Stifel Nicolaus lifted their target price on shares of Carrizo Oil & Gas from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. Finally, Raymond James lifted their target price on shares of Carrizo Oil & Gas from $43.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Carrizo Oil & Gas has a consensus rating of “Buy” and an average target price of $29.71.

CRZO opened at $19.03 on Friday. The stock has a market capitalization of $1.56 billion, a PE ratio of 13.31 and a beta of 2.28. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.27 and a quick ratio of 0.26. Carrizo Oil & Gas has a twelve month low of $13.49 and a twelve month high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Monday, November 5th. The oil and gas producer reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.15. The firm had revenue of $303.40 million during the quarter, compared to the consensus estimate of $265.34 million. Carrizo Oil & Gas had a net margin of 12.23% and a return on equity of 56.06%. The company’s revenue was up 67.3% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share.

In related news, COO John Bradley Fisher sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $25.01, for a total transaction of $187,575.00. Following the completion of the transaction, the chief operating officer now owns 157,436 shares of the company’s stock, valued at $3,937,474.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $22.55, for a total transaction of $180,400.00. Following the transaction, the chief executive officer now directly owns 180,276 shares of the company’s stock, valued at approximately $4,065,223.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,500 shares of company stock valued at $737,095. 5.40% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. US Bancorp DE grew its stake in Carrizo Oil & Gas by 11.3% during the second quarter. US Bancorp DE now owns 57,858 shares of the oil and gas producer’s stock valued at $1,610,000 after acquiring an additional 5,853 shares in the last quarter. Boston Partners purchased a new position in Carrizo Oil & Gas during the second quarter valued at approximately $1,029,000. Tanaka Capital Management Inc. purchased a new position in Carrizo Oil & Gas during the second quarter valued at approximately $838,000. Engineers Gate Manager LP purchased a new position in Carrizo Oil & Gas during the second quarter valued at approximately $3,693,000. Finally, LSV Asset Management grew its stake in Carrizo Oil & Gas by 18.8% during the second quarter. LSV Asset Management now owns 4,082,450 shares of the oil and gas producer’s stock valued at $113,696,000 after acquiring an additional 645,350 shares in the last quarter.

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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