FY2017 EPS Estimates for Carrizo Oil & Gas, Inc. Lifted by Capital One Financial Corporation (CRZO)
Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Stock analysts at Capital One Financial Corporation boosted their FY2017 EPS estimates for shares of Carrizo Oil & Gas in a research report issued to clients and investors on Wednesday. Capital One Financial Corporation analyst B. Velie now expects that the oil and gas producer will post earnings of $0.89 per share for the year, up from their previous forecast of $0.84.
CRZO has been the topic of a number of other research reports. J P Morgan Chase & Co lowered shares of Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and cut their price target for the company from $30.00 to $21.00 in a research note on Thursday, July 20th. BMO Capital Markets set a $20.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday, June 26th. BidaskClub upgraded shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada set a $40.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Thursday, May 11th. Finally, Mizuho restated a “buy” rating and set a $32.00 price target on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. Two equities research 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 company’s stock. The company presently has an average rating of “Buy” and an average price target of $40.33.
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Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 13.46 on Thursday. The company’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 of $15.79 and a 200-day moving average of $24.75.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $163.22 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s revenue was up 55.2% on a year-over-year basis.
A number of hedge funds have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd increased its stake in shares of Carrizo Oil & Gas by 1,014.9% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 3,207 shares during the period. Glen Harbor Capital Management LLC increased its stake in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 980 shares during the period. Elkfork Partners LLC increased its stake in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock worth $135,000 after buying an additional 1,190 shares during the period. Kings Point Capital Management increased its stake in shares of Carrizo Oil & Gas by 220.0% in 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. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Carrizo Oil & Gas during the first quarter worth about $150,000. 89.12% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Frank A. Wojtek sold 2,800 shares of the stock in a transaction on 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 of the company’s stock, valued at $727,393.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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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