Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Piper Jaffray Companies lowered their Q2 2019 earnings per share estimates for Carrizo Oil & Gas in a research note issued on Sunday, May 12th. Piper Jaffray Companies analyst K. Harrison now expects that the oil and gas producer will post earnings per share of $0.76 for the quarter, down from their prior estimate of $0.98. Piper Jaffray Companies also issued estimates for Carrizo Oil & Gas’ Q3 2019 earnings at $0.91 EPS, Q4 2019 earnings at $0.89 EPS, FY2019 earnings at $3.03 EPS, Q1 2020 earnings at $0.86 EPS, Q2 2020 earnings at $0.77 EPS, Q3 2020 earnings at $0.80 EPS, Q4 2020 earnings at $0.84 EPS and FY2020 earnings at $3.28 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Carrizo Oil & Gas had a net margin of 49.20% and a return on equity of 32.14%. The company had revenue of $233.04 million during the quarter, compared to the consensus estimate of $228.41 million. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis.

CRZO has been the subject of several other reports. Zacks Investment Research downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Ifs Securities downgraded shares of Carrizo Oil & Gas from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $15.00 to $13.00 in a research report on Tuesday, April 23rd. Cowen initiated coverage on shares of Carrizo Oil & Gas in a research report on Tuesday, April 9th. They set a “market perform” rating and a $16.00 price objective for the company. Finally, Stephens initiated coverage on shares of Carrizo Oil & Gas in a research report on Thursday, March 28th. They set an “equal weight” rating and a $15.00 price objective for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.53.

NASDAQ CRZO opened at $12.55 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.26 and a quick ratio of 0.26. Carrizo Oil & Gas has a 1-year low of $9.67 and a 1-year high of $31.57. The company has a market capitalization of $1.13 billion, a PE ratio of 4.51, a price-to-earnings-growth ratio of 0.15 and a beta of 2.27.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in shares of Carrizo Oil & Gas during the fourth quarter worth $90,000. State of Alaska Department of Revenue grew its stake in shares of Carrizo Oil & Gas by 3.4% in the fourth quarter. State of Alaska Department of Revenue now owns 28,506 shares of the oil and gas producer’s stock worth $321,000 after purchasing an additional 947 shares during the last quarter. Ellis Investment Partners LLC grew its stake in shares of Carrizo Oil & Gas by 23.1% in the first quarter. Ellis Investment Partners LLC now owns 89,788 shares of the oil and gas producer’s stock worth $1,119,000 after purchasing an additional 16,837 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Carrizo Oil & Gas by 18.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,417,000 shares of the oil and gas producer’s stock worth $15,998,000 after purchasing an additional 221,000 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Carrizo Oil & Gas by 20.7% in the fourth quarter. Macquarie Group Ltd. now owns 3,398,233 shares of the oil and gas producer’s stock worth $38,367,000 after purchasing an additional 583,225 shares during the last quarter.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 37,739 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $12.11, for a total transaction of $457,019.29. Following the sale, the insider now owns 219,221 shares of the company’s stock, valued at $2,654,766.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $12.78, for a total transaction of $102,240.00. Following the sale, the insider now directly owns 211,221 shares in the company, valued at approximately $2,699,404.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,523 shares of company stock worth $1,584,394. Insiders own 4.80% of the company’s stock.

Carrizo Oil & Gas Company Profile

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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