Carrizo Oil & Gas Inc (NASDAQ:CRZO) Expected to Announce Earnings of $0.66 Per Share

Analysts expect Carrizo Oil & Gas Inc (NASDAQ:CRZO) to report earnings per share of $0.66 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Carrizo Oil & Gas’ earnings, with the highest EPS estimate coming in at $0.82 and the lowest estimate coming in at $0.49. Carrizo Oil & Gas reported earnings of $0.56 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The firm is scheduled to issue its next earnings results on Monday, February 24th.

On average, analysts expect that Carrizo Oil & Gas will report full-year earnings of $2.53 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.80. For the next fiscal year, analysts forecast that the company will post earnings of $2.51 per share, with EPS estimates ranging from $2.06 to $3.21. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Carrizo Oil & Gas.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Monday, November 4th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $256.99 million during the quarter, compared to the consensus estimate of $261.67 million. Carrizo Oil & Gas had a return on equity of 19.61% and a net margin of 61.01%.

A number of research firms have recently weighed in on CRZO. ValuEngine upgraded Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Piper Jaffray Companies set a $15.00 target price on Carrizo Oil & Gas and gave the company a “hold” rating in a research report on Friday, August 16th. Wells Fargo & Co cut 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 report on Tuesday, October 15th. Northland Securities restated 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, BidaskClub upgraded Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company’s stock. Carrizo Oil & Gas presently has a consensus rating of “Hold” and an average target price of $13.50.

NASDAQ:CRZO opened at $7.46 on Wednesday. The stock has a fifty day moving average price of $7.26 and a 200-day moving average price of $8.64. The company has a market cap of $720.51 million, a price-to-earnings ratio of 2.68, a PEG ratio of 0.11 and a beta of 2.12. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.42 and a current ratio of 0.42. Carrizo Oil & Gas has a fifty-two week low of $6.15 and a fifty-two week high of $13.95.

In other Carrizo Oil & Gas news, Director Steven A. Webster acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average cost of $6.41 per share, for a total transaction of $160,250.00. Following the transaction, the director now directly owns 2,895,988 shares in the company, valued at $18,563,283.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $9.83, for a total value of $78,640.00. Following the sale, the chief executive officer now owns 171,221 shares of the company’s stock, valued at $1,683,102.43. The disclosure for this sale can be found here. 4.80% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new position in Carrizo Oil & Gas in the second quarter valued at about $54,000. Ladenburg Thalmann Financial Services Inc. raised its position in Carrizo Oil & Gas by 22.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock valued at $75,000 after purchasing an additional 1,363 shares during the last quarter. Teton Advisors Inc. bought a new position in Carrizo Oil & Gas in the third quarter valued at about $107,000. Commonwealth Equity Services LLC bought a new position in Carrizo Oil & Gas in the second quarter valued at about $109,000. Finally, Cetera Advisor Networks LLC bought a new position in Carrizo Oil & Gas in the second quarter valued at about $116,000.

Carrizo Oil & Gas Company Profile

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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