Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Equities research analysts at Capital One Financial Corporation upped their FY2017 earnings per share (EPS) estimates for Carrizo Oil & Gas in a note issued to investors on Thursday. Capital One Financial Corporation analyst B. Velie now anticipates that the oil and gas producer will earn $1.02 per share for the year, up from their previous estimate of $1.00. Capital One Financial Corporation also issued estimates for Carrizo Oil & Gas’ Q4 2017 earnings at $0.30 EPS and FY2018 earnings at $1.18 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $166.50 million during the quarter, compared to analysts’ expectations of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The business’s revenue for the quarter was up 55.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS.

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A number of other equities analysts have also commented on CRZO. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. BMO Capital Markets set a $20.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Saturday, August 12th. Piper Jaffray Companies dropped their target price on shares of Carrizo Oil & Gas from $43.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Citigroup Inc. started coverage on shares of Carrizo Oil & Gas in a research report on Monday, September 18th. They set a “neutral” rating and a $16.00 target price for the company. Finally, BidaskClub lowered shares of Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Carrizo Oil & Gas currently has an average rating of “Hold” and an average price target of $35.56.

Carrizo Oil & Gas (CRZO) opened at 16.82 on Friday. The firm’s market capitalization is $1.37 billion. The stock has a 50 day moving average of $14.35 and a 200 day moving average of $19.41. Carrizo Oil & Gas has a 12 month low of $11.10 and a 12 month high of $43.96.

Several hedge funds and other institutional investors have recently modified their holdings of CRZO. Bank of New York Mellon Corp increased its stake in shares of Carrizo Oil & Gas by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 833,707 shares of the oil and gas producer’s stock worth $23,893,000 after buying an additional 27,907 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Carrizo Oil & Gas by 15.7% in the first quarter. UBS Asset Management Americas Inc. now owns 56,826 shares of the oil and gas producer’s stock worth $1,629,000 after buying an additional 7,693 shares during the period. Karp Capital Management Corp purchased a new position in shares of Carrizo Oil & Gas in the first quarter worth $326,000. Sei Investments Co. increased its stake in shares of Carrizo Oil & Gas by 501.8% in the first quarter. Sei Investments Co. now owns 69,644 shares of the oil and gas producer’s stock worth $1,996,000 after buying an additional 58,071 shares during the period. Finally, Virginia Retirement Systems ET AL increased its stake in shares of Carrizo Oil & Gas by 31.5% in the first quarter. Virginia Retirement Systems ET AL now owns 11,440 shares of the oil and gas producer’s stock worth $328,000 after buying an additional 2,740 shares during the period.

In other news, Director Steven A. Webster bought 75,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average cost of $11.70 per share, with a total value of $877,500.00. Following the completion of the purchase, the director now directly owns 2,786,310 shares in the company, valued at $32,599,827. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Webster bought 151,900 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $13.56 per share, for a total transaction of $2,059,764.00. Following the completion of the purchase, the director now owns 2,724,410 shares of the company’s stock, valued at $36,942,999.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 431,600 shares of company stock worth $5,602,306. 6.00% of the stock is owned by insiders.

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.

Earnings History and Estimates for Carrizo Oil & Gas (NASDAQ:CRZO)

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