FY2020 EPS Estimates for Carrizo Oil & Gas Inc Raised by Analyst (NASDAQ:CRZO)

Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Investment analysts at US Capital Advisors boosted their FY2020 earnings per share (EPS) estimates for shares of Carrizo Oil & Gas in a research report issued on Wednesday, October 16th. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will post earnings of $2.62 per share for the year, up from their prior forecast of $2.31. US Capital Advisors also issued estimates for Carrizo Oil & Gas’ FY2021 earnings at $2.49 EPS.

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

Several other equities research analysts have also recently weighed in on CRZO. Raymond James cut shares of Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 17th. MKM Partners reaffirmed a “neutral” rating and set a $11.00 price objective (down previously from $19.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, July 16th. BidaskClub raised shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Northland Securities reaffirmed a “hold” rating and set a $9.00 price objective on shares of Carrizo Oil & Gas in a research report on Sunday, September 1st. Finally, Wells Fargo & Co lowered their target price 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. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. Carrizo Oil & Gas presently has a consensus rating of “Hold” and an average price target of $14.35.

CRZO opened at $7.49 on Monday. Carrizo Oil & Gas has a twelve month low of $7.17 and a twelve month high of $20.81. The company has a 50-day simple moving average of $8.18 and a 200 day simple moving average of $9.96. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $691.80 million, a price-to-earnings ratio of 2.69, a P/E/G ratio of 0.11 and a beta of 2.13.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $8.26, for a total transaction of $66,080.00. Following the completion of the transaction, the insider now owns 179,221 shares of the company’s stock, valued at $1,480,365.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Carrizo Oil & Gas by 2.2% in the second quarter. BlackRock Inc. now owns 12,994,109 shares of the oil and gas producer’s stock valued at $130,201,000 after buying an additional 277,061 shares during the period. Macquarie Group Ltd. increased its stake in shares of Carrizo Oil & Gas by 6.7% in the second quarter. Macquarie Group Ltd. now owns 3,939,222 shares of the oil and gas producer’s stock valued at $39,471,000 after buying an additional 245,626 shares during the period. Mackenzie Financial Corp increased its stake in shares of Carrizo Oil & Gas by 10.0% in the second quarter. Mackenzie Financial Corp now owns 2,111,263 shares of the oil and gas producer’s stock valued at $21,155,000 after buying an additional 192,600 shares during the period. Morgan Stanley increased its stake in shares of Carrizo Oil & Gas by 1,086.1% in the second quarter. Morgan Stanley now owns 1,232,610 shares of the oil and gas producer’s stock valued at $12,351,000 after buying an additional 1,128,689 shares during the period. Finally, Investment Counselors of Maryland LLC increased its stake in shares of Carrizo Oil & Gas by 1.1% in the second quarter. Investment Counselors of Maryland LLC now owns 1,193,364 shares of the oil and gas producer’s stock valued at $11,958,000 after buying an additional 13,142 shares during the period.

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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