$0.22 EPS Expected for Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) This Quarter
Analysts predict that Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) will report $0.22 earnings per share (EPS) for the current quarter, according to Zacks. Eleven analysts have made estimates for Carrizo Oil & Gas’ earnings. The lowest EPS estimate is $0.12 and the highest is $0.43. Carrizo Oil & Gas reported earnings of $0.23 per share in the same quarter last year, which suggests a negative year over year growth rate of 4.3%. The firm is expected to issue its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Carrizo Oil & Gas will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.61 to $1.40. For the next fiscal year, analysts expect that the firm will report earnings of $1.37 per share, with EPS estimates ranging from ($0.20) to $2.46. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Carrizo Oil & Gas.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The business had revenue of $166.50 million for the quarter, compared to analysts’ expectations of $163.22 million. Carrizo Oil & Gas had a positive return on equity of 1,494.45% and a negative net margin of 0.98%. The business’s revenue for the quarter was up 55.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS.
Several research firms recently commented on CRZO. Mizuho reissued a “buy” rating and issued a $32.00 target price on shares of Carrizo Oil & Gas in a report on Friday, June 30th. BMO Capital Markets set a $20.00 target price on Carrizo Oil & Gas and gave the company a “buy” rating in a report on Monday, June 26th. Seaport Global Securities lowered Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a report on Wednesday, June 21st. J P Morgan Chase & Co lowered Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $30.00 to $21.00 in a report on Thursday, July 20th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $38.00 target price on shares of Carrizo Oil & Gas in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Carrizo Oil & Gas currently has an average rating of “Buy” and a consensus price target of $40.33.
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Shares of Carrizo Oil & Gas (CRZO) traded up 4.09% during mid-day trading on Thursday, reaching $14.01. The company’s stock had a trading volume of 2,222,523 shares. The stock has a 50 day moving average of $15.79 and a 200-day moving average of $24.75. The stock’s market cap is $922.35 million. Carrizo Oil & Gas has a one year low of $12.73 and a one year high of $43.96.
In other news, Director Frank A. Wojtek sold 2,800 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total transaction of $67,872.00. Following the completion of the sale, the director now owns 30,008 shares in the company, valued at $727,393.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Carrizo Oil & Gas by 20,572.2% in the first quarter. BlackRock Inc. now owns 8,555,207 shares of the oil and gas producer’s stock valued at $245,193,000 after buying an additional 8,513,822 shares in the last quarter. Vanguard Group Inc. boosted its position in Carrizo Oil & Gas by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,022,707 shares of the oil and gas producer’s stock valued at $172,611,000 after buying an additional 350,219 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in Carrizo Oil & Gas by 17.0% in the second quarter. Frontier Capital Management Co. LLC now owns 4,905,089 shares of the oil and gas producer’s stock valued at $85,447,000 after buying an additional 714,257 shares in the last quarter. State Street Corp boosted its position in Carrizo Oil & Gas by 17.9% in the first quarter. State Street Corp now owns 2,964,206 shares of the oil and gas producer’s stock valued at $84,959,000 after buying an additional 450,443 shares in the last quarter. Finally, Caymus Capital Partners L.P. boosted its position in Carrizo Oil & Gas by 12.6% in the second quarter. Caymus Capital Partners L.P. now owns 1,577,900 shares of the oil and gas producer’s stock valued at $27,487,000 after buying an additional 176,100 shares in the last quarter. 89.12% of the stock is owned by hedge funds and other institutional investors.
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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