Equities research analysts expect Carrizo Oil & Gas Inc (NASDAQ:CRZO) to announce earnings per share of $0.39 for the current quarter, according to Zacks. Eleven analysts have made estimates for Carrizo Oil & Gas’ earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.18. Carrizo Oil & Gas reported earnings per share of $0.48 during the same quarter last year, which would suggest a negative year over year growth rate of 18.8%. The firm is expected to announce its next quarterly earnings report on Monday, May 6th.

On average, analysts expect that Carrizo Oil & Gas will report full-year earnings of $2.33 per share for the current year, with EPS estimates ranging from $1.60 to $3.26. For the next year, analysts expect that the firm will post earnings of $2.64 per share, with EPS estimates ranging from $1.84 to $4.13. Zacks’ 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 quarterly earnings results on Monday, February 25th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The business had revenue of $273.30 million during the quarter, compared to the consensus estimate of $268.91 million. Carrizo Oil & Gas had a net margin of 37.94% and a return on equity of 42.15%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 EPS.

CRZO has been the subject of a number of recent analyst reports. MKM Partners initiated coverage on shares of Carrizo Oil & Gas in a report on Wednesday, December 5th. They set a “buy” rating and a $27.00 price target for the company. JPMorgan Chase & Co. downgraded shares of Carrizo Oil & Gas from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $27.00 to $20.00 in a report on Friday, December 7th. Seaport Global Securities downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and cut their price target for the stock from $28.00 to $18.00 in a report on Monday, December 10th. Williams Capital set a $22.00 price target on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Wednesday, December 12th. Finally, Tudor Pickering downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, December 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Carrizo Oil & Gas presently has a consensus rating of “Hold” and a consensus target price of $25.41.

Shares of NASDAQ CRZO opened at $11.62 on Tuesday. The company has a market cap of $1.06 billion, a PE ratio of 4.18, a PEG ratio of 0.18 and a beta of 2.26. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.47. Carrizo Oil & Gas has a 1 year low of $9.67 and a 1 year high of $31.57.

In related news, CEO S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $12.55, for a total value of $100,400.00. Following the completion of the sale, the chief executive officer now owns 131,076 shares in the company, valued at approximately $1,645,003.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 24,000 shares of company stock valued at $301,040 in the last quarter. 5.40% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Cypress Capital Management LLC WY acquired a new stake in Carrizo Oil & Gas in the 4th quarter valued at approximately $58,000. Advisor Group Inc. lifted its position in Carrizo Oil & Gas by 276.2% during the fourth quarter. Advisor Group Inc. now owns 7,333 shares of the oil and gas producer’s stock valued at $83,000 after purchasing an additional 5,384 shares in the last quarter. Advisory Services Network LLC purchased a new position in Carrizo Oil & Gas during the fourth quarter valued at $90,000. LS Investment Advisors LLC lifted its position in Carrizo Oil & Gas by 244.1% during the fourth quarter. LS Investment Advisors LLC now owns 8,001 shares of the oil and gas producer’s stock valued at $90,000 after purchasing an additional 5,676 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Carrizo Oil & Gas by 144.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,128 shares of the oil and gas producer’s stock valued at $230,000 after purchasing an additional 5,397 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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