Carrizo Oil & Gas, Inc. (CRZO) to Post FY2018 Earnings of $1.37 Per Share, Capital One Financial Corporation Forecasts
Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Investment analysts at Capital One Financial Corporation boosted their FY2018 earnings per share estimates for Carrizo Oil & Gas in a research report issued to clients and investors on Wednesday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $1.37 for the year, up from their prior forecast of $1.35.
Other analysts have also issued research reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $23.00 price objective (up previously from $20.00) on shares of Carrizo Oil & Gas in a research note on Thursday. Scotiabank reissued a “buy” rating and issued a $33.00 price target on shares of Carrizo Oil & Gas in a research report on Wednesday. Williams Capital reaffirmed a “buy” rating and set a $26.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday. KeyCorp reaffirmed a “buy” rating on shares of Carrizo Oil & Gas in a report on Friday, October 20th. Finally, Goldman Sachs Group, Inc. (The) set a $17.00 target price on Carrizo Oil & Gas and gave the stock a “hold” rating in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.94.
Carrizo Oil & Gas (CRZO) traded up $0.09 during trading on Thursday, reaching $20.06. 5,306,800 shares of the company’s stock traded hands, compared to its average volume of 2,720,264. The company has a current ratio of 0.32, a quick ratio of 0.37 and a debt-to-equity ratio of 9.71. Carrizo Oil & Gas has a 52-week low of $11.10 and a 52-week high of $43.96. The company has a market cap of $1,626.65, a price-to-earnings ratio of 15.98 and a beta of 2.20.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. The company had revenue of $181.28 million for the quarter, compared to the consensus estimate of $177.97 million. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 89.48%. The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS.
A number of hedge funds have recently bought and sold shares of CRZO. Kings Point Capital Management boosted its position in shares of Carrizo Oil & Gas by 220.0% during the second quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after buying an additional 5,500 shares during the period. Advisor Group Inc. boosted its holdings in Carrizo Oil & Gas by 47.4% in the second quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock valued at $141,000 after purchasing an additional 2,611 shares during the period. Van ECK Associates Corp boosted its holdings in Carrizo Oil & Gas by 15.0% in the second quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock valued at $157,000 after purchasing an additional 1,177 shares during the period. Amalgamated Bank purchased a new position in Carrizo Oil & Gas in the third quarter valued at $182,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Carrizo Oil & Gas in the second quarter valued at $202,000.
In other news, Director Steven A. Webster bought 75,000 shares of Carrizo Oil & Gas stock in a transaction on Monday, August 14th. The stock was acquired at an average price of $13.89 per share, with a total value of $1,041,750.00. Following the completion of the acquisition, the director now directly owns 2,724,410 shares of the company’s stock, valued at $37,842,054.90. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Webster bought 29,700 shares of Carrizo Oil & Gas stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $13.36 per share, with a total value of $396,792.00. Following the acquisition, the director now directly owns 2,724,410 shares of the company’s stock, valued at $36,398,117.60. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 431,600 shares of company stock worth $5,602,306. Company insiders own 6.00% of the company’s stock.
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.
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