$0.79 EPS Expected for Carrizo Oil & Gas Inc (CRZO) This Quarter

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Wall Street brokerages expect that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will announce $0.79 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Carrizo Oil & Gas’ earnings. The lowest EPS estimate is $0.72 and the highest is $0.85. Carrizo Oil & Gas posted earnings per share of $0.33 during the same quarter last year, which would indicate a positive year over year growth rate of 139.4%. The company is scheduled to announce its next earnings report after the market closes on Monday, November 5th.

According to Zacks, analysts expect that Carrizo Oil & Gas will report full year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.88 to $3.12. For the next financial year, analysts anticipate that the business will report earnings of $4.52 per share, with EPS estimates ranging from $3.83 to $5.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Carrizo Oil & Gas.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Monday, August 6th. The oil and gas producer reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.12. The firm had revenue of $264.00 million during the quarter, compared to analysts’ expectations of $230.08 million. Carrizo Oil & Gas had a return on equity of 52.59% and a net margin of 5.84%. Carrizo Oil & Gas’s quarterly revenue was up 58.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS.

A number of research firms have weighed in on CRZO. Ifs Securities began coverage on Carrizo Oil & Gas in a report on Monday. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, October 25th. BidaskClub cut Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Jefferies Financial Group upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Monday, October 15th. Finally, Oppenheimer began coverage on Carrizo Oil & Gas in a report on Wednesday, October 3rd. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $29.94.

NASDAQ CRZO opened at $17.25 on Tuesday. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 12.06 and a beta of 2.18. Carrizo Oil & Gas has a fifty-two week low of $13.49 and a fifty-two week high of $31.57. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.26 and a quick ratio of 0.26.

In other Carrizo Oil & Gas news, COO John Bradley Fisher sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $25.01, for a total value of $187,575.00. Following the transaction, the chief operating officer now directly owns 157,436 shares of the company’s stock, valued at approximately $3,937,474.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $22.32, for a total value of $178,560.00. Following the completion of the transaction, the insider now directly owns 163,076 shares in the company, valued at $3,639,856.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,500 shares of company stock worth $737,095. 5.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Carrizo Oil & Gas by 7.3% during the 2nd quarter. BlackRock Inc. now owns 10,880,198 shares of the oil and gas producer’s stock valued at $303,014,000 after acquiring an additional 736,153 shares in the last quarter. LSV Asset Management raised its position in shares of Carrizo Oil & Gas by 18.8% during the 2nd 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. Dimensional Fund Advisors LP raised its position in shares of Carrizo Oil & Gas by 105.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,308,757 shares of the oil and gas producer’s stock valued at $52,940,000 after acquiring an additional 1,694,935 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Carrizo Oil & Gas by 6.6% during the 2nd quarter. Glenmede Trust Co. NA now owns 2,262,146 shares of the oil and gas producer’s stock valued at $63,001,000 after acquiring an additional 139,972 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Carrizo Oil & Gas by 11.1% during the 2nd quarter. Macquarie Group Ltd. now owns 2,248,128 shares of the oil and gas producer’s stock valued at $62,610,000 after acquiring an additional 224,316 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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