Carrizo Oil & Gas Inc (NASDAQ:CRZO) – US Capital Advisors lifted their Q4 2017 earnings estimates for Carrizo Oil & Gas in a note issued to investors on Monday, according to Zacks Investment Research. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will post earnings per share of $0.60 for the quarter, up from their prior estimate of $0.46. US Capital Advisors also issued estimates for Carrizo Oil & Gas’ Q1 2018 earnings at $0.78 EPS, Q2 2018 earnings at $0.91 EPS, Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.96 EPS, FY2018 earnings at $3.57 EPS, Q1 2019 earnings at $1.05 EPS, Q2 2019 earnings at $1.03 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.01 EPS and FY2019 earnings at $4.09 EPS.
Several other research analysts have also commented on CRZO. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, January 10th. SunTrust Banks set a $28.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Friday, January 19th. Stifel Nicolaus set a $44.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Monday, January 29th. Mizuho set a $21.00 target price on shares of Carrizo Oil & Gas and gave the company a “hold” rating in a report on Friday, November 24th. Finally, KeyCorp set a $26.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Sunday, January 21st. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.60.
In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $18.57, for a total transaction of $148,560.00. Following the sale, the chief executive officer now owns 223,194 shares of the company’s stock, valued at $4,144,712.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 24,000 shares of company stock worth $489,440. 6.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in CRZO. Sterling Investment Advisors Ltd. purchased a new position in shares of Carrizo Oil & Gas during the fourth quarter worth approximately $128,000. Advisor Group Inc. grew its position in shares of Carrizo Oil & Gas by 47.4% during the second quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after acquiring an additional 2,611 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Carrizo Oil & Gas during the fourth quarter worth approximately $212,000. Amalgamated Bank purchased a new position in shares of Carrizo Oil & Gas during the third quarter worth approximately $182,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Carrizo Oil & Gas during the fourth quarter worth approximately $235,000.
About Carrizo Oil & Gas
Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.
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