Carrizo Oil & Gas, Inc. (CRZO) to Post Q1 2018 Earnings of $0.49 Per Share, US Capital Advisors Forecasts
Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Research analysts at US Capital Advisors lifted their Q1 2018 earnings per share estimates for Carrizo Oil & Gas in a research note issued on Monday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will post earnings per share of $0.49 for the quarter, up from their previous estimate of $0.44. US Capital Advisors also issued estimates for Carrizo Oil & Gas’ Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.56 EPS, FY2018 earnings at $2.12 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.58 EPS and FY2019 earnings at $2.36 EPS.
Other analysts have also issued reports about the company. Williams Capital set a $35.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a report on Tuesday, August 8th. SunTrust Banks, Inc. set a $20.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a report on Monday, October 16th. Mizuho reissued a “hold” rating and issued a $21.00 price objective on shares of Carrizo Oil & Gas in a report on Friday. Zacks Investment Research lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Tudor Pickering lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, ten have given 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 an average price target of $28.47.
Shares of Carrizo Oil & Gas (NASDAQ CRZO) traded down $0.07 on Wednesday, reaching $20.09. The company’s stock had a trading volume of 945,274 shares, compared to its average volume of 2,718,570. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.32 and a current ratio of 0.32. Carrizo Oil & Gas has a one year low of $11.10 and a one year high of $43.96. The firm has a market capitalization of $1,642.13, a price-to-earnings ratio of 16.13 and a beta of 2.20.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.09. Carrizo Oil & Gas had a return on equity of 58.37% and a net margin of 16.08%. The company had revenue of $181.28 million during the quarter, compared to analysts’ expectations of $177.97 million. During the same period last year, the business earned $0.23 earnings per share. Carrizo Oil & Gas’s quarterly revenue was up 63.1% on a year-over-year basis.
In related news, Director Steven A. Webster acquired 25,000 shares of the stock in a transaction on Monday, August 28th. The shares were bought at an average price of $12.67 per share, with a total value of $316,750.00. Following the completion of the purchase, the director now owns 2,826,310 shares of the company’s stock, valued at approximately $35,809,347.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Webster acquired 75,000 shares of the stock in a transaction on Friday, September 8th. The shares were bought at an average cost of $11.70 per share, for a total transaction of $877,500.00. Following the purchase, the director now directly owns 2,786,310 shares of the company’s stock, valued at approximately $32,599,827. The disclosure for this purchase can be found here. Insiders have acquired 175,000 shares of company stock worth $2,104,000 in the last three months. 6.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GeoSphere Capital Management acquired a new position in Carrizo Oil & Gas during the third quarter worth $2,423,000. Granahan Investment Management Inc. MA purchased a new stake in Carrizo Oil & Gas in the third quarter valued at $526,000. Janus Henderson Group PLC raised its position in Carrizo Oil & Gas by 125.4% in the third quarter. Janus Henderson Group PLC now owns 338,109 shares of the oil and gas producer’s stock valued at $5,792,000 after purchasing an additional 188,109 shares during the period. Boothbay Fund Management LLC purchased a new stake in Carrizo Oil & Gas in the third quarter valued at $388,000. Finally, NWQ Investment Management Company LLC raised its position in Carrizo Oil & Gas by 122.6% in the third quarter. NWQ Investment Management Company LLC now owns 7,261,441 shares of the oil and gas producer’s stock valued at $124,388,000 after purchasing an additional 3,999,717 shares during the period.
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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