Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Seaport Global Securities lifted their Q3 2017 earnings per share estimates for shares of Carrizo Oil & Gas in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas producer will post earnings of $0.24 per share for the quarter, up from their prior estimate of $0.16. Seaport Global Securities currently has a “Sell” rating on the stock.

Other research analysts have also recently issued research reports about the stock. Williams Capital set a $35.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Tuesday. Royal Bank Of Canada reissued a “buy” rating and set a $43.00 price target on shares of Carrizo Oil & Gas in a research report on Tuesday, April 25th. Robert W. Baird lowered their price target on shares of Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 24th. BidaskClub cut shares of Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, Zacks Investment Research cut shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Carrizo Oil & Gas presently has an average rating of “Buy” and an average target price of $40.33.

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Shares of Carrizo Oil & Gas (CRZO) opened at 13.46 on Thursday. The stock’s market cap is $885.76 million. The stock has a 50 day moving average of $15.79 and a 200 day moving average of $24.75. Carrizo Oil & Gas has a 52 week low of $12.73 and a 52 week high of $43.96.

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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The business had revenue of $166.50 million for the quarter, compared to the consensus estimate of $163.22 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was up 55.2% on a year-over-year basis.

A number of hedge funds have recently modified their holdings of CRZO. Norges Bank acquired a new stake in shares of Carrizo Oil & Gas during the fourth quarter worth about $8,100,000. Foundry Partners LLC raised its stake in shares of Carrizo Oil & Gas by 1.9% in the first quarter. Foundry Partners LLC now owns 69,888 shares of the oil and gas producer’s stock worth $2,003,000 after buying an additional 1,273 shares during the period. Creative Planning raised its stake in shares of Carrizo Oil & Gas by 10.3% in the first quarter. Creative Planning now owns 7,955 shares of the oil and gas producer’s stock worth $228,000 after buying an additional 745 shares during the period. Fox Run Management L.L.C. raised its stake in shares of Carrizo Oil & Gas by 94.2% in the first quarter. Fox Run Management L.L.C. now owns 16,700 shares of the oil and gas producer’s stock worth $479,000 after buying an additional 8,100 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Carrizo Oil & Gas by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the oil and gas producer’s stock worth $714,000 after buying an additional 300 shares during the period. Institutional investors own 89.12% of the company’s stock.

In other Carrizo Oil & Gas news, Director Frank A. Wojtek sold 2,800 shares of the business’s 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 sale, the director now directly 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 can be accessed through the SEC website. 6.00% of the stock is owned by corporate 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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