Equities research analysts expect that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will post $228.85 million in sales for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for Carrizo Oil & Gas’ earnings, with the highest sales estimate coming in at $242.94 million and the lowest estimate coming in at $221.00 million. Carrizo Oil & Gas posted sales of $225.28 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The company is expected to announce its next earnings results after the market closes on Tuesday, May 7th.

According to Zacks, analysts expect that Carrizo Oil & Gas will report full year sales of $1.08 billion for the current financial year, with estimates ranging from $1.02 billion to $1.14 billion. For the next year, analysts expect that the business will report sales of $1.20 billion, with estimates ranging from $994.00 million to $1.68 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Carrizo Oil & Gas.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Monday, February 25th. The oil and gas producer reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The company had revenue of $273.30 million for the quarter, compared to analysts’ expectations of $268.91 million. Carrizo Oil & Gas had a return on equity of 42.15% and a net margin of 37.94%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS.

CRZO has been the subject of a number of analyst reports. Raymond James set a $21.00 target price on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Williams Capital restated a “buy” rating and set a $19.00 target price on shares of Carrizo Oil & Gas in a report on Wednesday, January 23rd. Northland Securities restated a “buy” rating and set a $25.00 target price on shares of Carrizo Oil & Gas in a report on Tuesday, February 26th. MKM Partners lowered their target price on Carrizo Oil & Gas to $18.00 and set a “buy” rating for the company in a report on Wednesday, February 27th. Finally, Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $23.53.

Carrizo Oil & Gas stock traded up $0.35 during mid-day trading on Monday, reaching $11.50. 2,912,001 shares of the company were exchanged, compared to its average volume of 3,389,515. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. The firm has a market cap of $1.06 billion, a P/E ratio of 4.14, a P/E/G ratio of 0.16 and a beta of 2.27. Carrizo Oil & Gas has a 12-month low of $9.67 and a 12-month high of $31.57.

In related news, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $12.78, for a total value of $102,240.00. Following the transaction, the insider now directly owns 211,221 shares of the company’s stock, valued at approximately $2,699,404.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David L. Pitts sold 22,109 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $12.11, for a total value of $267,739.99. Following the completion of the transaction, the chief financial officer now directly owns 130,018 shares in the company, valued at $1,574,517.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,523 shares of company stock worth $1,584,394. 4.80% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its position in Carrizo Oil & Gas by 22.1% during the 3rd quarter. Vanguard Group Inc now owns 9,032,268 shares of the oil and gas producer’s stock worth $227,614,000 after purchasing an additional 1,633,508 shares during the period. Vanguard Group Inc. grew its position in Carrizo Oil & Gas by 22.1% during the 3rd quarter. Vanguard Group Inc. now owns 9,032,268 shares of the oil and gas producer’s stock worth $227,614,000 after purchasing an additional 1,633,508 shares during the period. Ellis Investment Partners LLC grew its position in Carrizo Oil & Gas by 1,434.8% during the 1st quarter. Ellis Investment Partners LLC now owns 1,119,656 shares of the oil and gas producer’s stock worth $1,119,000 after purchasing an additional 1,046,705 shares during the period. Norges Bank acquired a new stake in Carrizo Oil & Gas during the 4th quarter worth about $10,299,000. Finally, Tributary Capital Management LLC acquired a new stake in Carrizo Oil & Gas during the 4th quarter worth about $8,617,000.

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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