Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Analysts at KeyCorp increased their Q1 2018 earnings per share (EPS) estimates for Carrizo Oil & Gas in a research note issued on Tuesday. KeyCorp analyst C. Stevens now forecasts that the oil and gas producer will earn $0.60 per share for the quarter, up from their prior estimate of $0.30. KeyCorp currently has a “Buy” rating on the stock. KeyCorp also issued estimates for Carrizo Oil & Gas’ Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.73 EPS, FY2018 earnings at $2.61 EPS and Q3 2019 earnings at $0.91 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.09. The company had revenue of $181.28 million during 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 58.37%. Carrizo Oil & Gas’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS.

A number of other research firms also recently commented on CRZO. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, December 12th. Raymond James Financial set a $28.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Tuesday, December 12th. SunTrust Banks reiterated a “buy” rating and issued a $24.00 price objective on shares of Carrizo Oil & Gas in a report on Friday, November 10th. Mizuho set a $21.00 price objective on shares of Carrizo Oil & Gas and gave the company a “hold” rating in a report on Friday, November 24th. Finally, Williams Capital set a $29.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. Carrizo Oil & Gas presently has a consensus rating of “Hold” and a consensus target price of $27.44.

Shares of Carrizo Oil & Gas (CRZO) opened at $18.39 on Friday. The company has a market cap of $1,460.00, a PE ratio of 15.13 and a beta of 2.18. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 4.38. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $40.14.

In other news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total value of $149,520.00. Following the completion of the sale, the insider now owns 231,194 shares of the company’s stock, valued at approximately $4,321,015.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Kings Point Capital Management boosted its position in shares of Carrizo Oil & Gas by 220.0% during the 2nd quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after purchasing an additional 5,500 shares during the period. Advisor Group Inc. boosted its position in shares of Carrizo Oil & Gas by 47.4% during the 2nd quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 2,611 shares during the period. Van ECK Associates Corp boosted its position in shares of Carrizo Oil & Gas by 15.0% during the 2nd quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock worth $157,000 after purchasing an additional 1,177 shares during the period. Amalgamated Bank purchased a new position in shares of Carrizo Oil & Gas during the 3rd quarter worth approximately $182,000. Finally, First Interstate Bank boosted its position in shares of Carrizo Oil & Gas by 40.6% during the 2nd quarter. First Interstate Bank now owns 11,740 shares of the oil and gas producer’s stock worth $205,000 after purchasing an additional 3,390 shares during the period.

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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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