Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Equities research analysts at SunTrust Banks decreased their Q3 2017 earnings estimates for shares of Carrizo Oil & Gas in a research note issued on Tuesday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will post earnings per share of $0.28 for the quarter, down from their prior forecast of $0.29.

Several other analysts have also recently weighed in on the stock. 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. Jefferies Group LLC set a $36.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, May 17th. Mizuho restated a “buy” rating and set a $32.00 price objective on shares of Carrizo Oil & Gas in a research report on Friday, June 30th. Williams Capital restated a “buy” rating and set a $42.00 price objective on shares of Carrizo Oil & Gas in a research report on Tuesday, May 9th. Finally, Seaport Global Securities cut shares of Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.33.

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

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

In other Carrizo Oil & Gas news, Director Frank A. Wojtek sold 2,800 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total value of $67,872.00. Following the sale, the director now owns 30,008 shares of the company’s stock, valued at approximately $727,393.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.00% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in CRZO. State of Alaska Department of Revenue raised its stake in shares of Carrizo Oil & Gas by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,760 shares of the oil and gas producer’s stock worth $193,000 after buying an additional 120 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Carrizo Oil & Gas by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,990 shares of the oil and gas producer’s stock worth $401,000 after buying an additional 140 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Carrizo Oil & Gas by 2.2% in the first quarter. Blair William & Co. IL now owns 8,390 shares of the oil and gas producer’s stock worth $242,000 after buying an additional 181 shares during the last quarter. Chicago Equity Partners LLC raised its stake in shares of Carrizo Oil & Gas by 1.5% in the first quarter. Chicago Equity Partners LLC now owns 16,705 shares of the oil and gas producer’s stock worth $479,000 after buying an additional 250 shares during the last quarter. Finally, First Midwest Bank Trust Division raised its stake in shares of Carrizo Oil & Gas by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 8,681 shares of the oil and gas producer’s stock worth $249,000 after buying an additional 280 shares during the last quarter. 89.12% of the stock is currently owned by hedge funds and other institutional investors.

Carrizo Oil & Gas Company Profile

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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