Wall Street brokerages expect that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will post $277.13 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Carrizo Oil & Gas’ earnings. The highest sales estimate is $295.00 million and the lowest is $258.00 million. Carrizo Oil & Gas posted sales of $181.28 million during the same quarter last year, which would indicate a positive year over year growth rate of 52.9%. The company is expected to announce its next earnings results on Tuesday, November 6th.

On average, analysts expect that Carrizo Oil & Gas will report full year sales of $1.04 billion for the current financial year, with estimates ranging from $934.00 million to $1.09 billion. For the next year, analysts anticipate that the business will report sales of $1.32 billion per share, with estimates ranging from $1.21 billion to $1.48 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Carrizo Oil & Gas.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Monday, August 6th. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.12. The business had revenue of $264.00 million during the quarter, compared to the consensus estimate of $230.08 million. Carrizo Oil & Gas had a return on equity of 52.59% and a net margin of 5.84%. The firm’s quarterly revenue was up 58.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS.

Several research firms recently issued reports on CRZO. Stifel Nicolaus boosted their price target on Carrizo Oil & Gas from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, July 16th. ValuEngine upgraded Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Raymond James boosted their price target on Carrizo Oil & Gas from $43.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 6th. Tudor Pickering upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Thursday, June 7th. Finally, Zacks Investment Research downgraded Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $29.58.

In other news, insider S P. Iv Johnson sold 6,000 shares of the business’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $30.02, for a total transaction of $180,120.00. Following the completion of the transaction, the insider now owns 195,076 shares of the company’s stock, valued at approximately $5,856,181.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $23.82, for a total value of $190,560.00. Following the transaction, the insider now directly owns 171,076 shares of the company’s stock, valued at approximately $4,075,030.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $770,520. Corporate insiders own 5.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in shares of Carrizo Oil & Gas by 91.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the oil and gas producer’s stock worth $156,000 after buying an additional 2,680 shares in the last quarter. Miller Investment Management LP acquired a new position in shares of Carrizo Oil & Gas during the 1st quarter worth $160,000. Alambic Investment Management L.P. acquired a new position in shares of Carrizo Oil & Gas during the 1st quarter worth $166,000. Advisors Asset Management Inc. raised its holdings in shares of Carrizo Oil & Gas by 26,788.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,821,670 shares of the oil and gas producer’s stock worth $183,000 after buying an additional 1,814,895 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of Carrizo Oil & Gas during the 2nd quarter worth $222,000.

CRZO traded up $0.69 during trading on Friday, hitting $26.31. The stock had a trading volume of 47,154 shares, compared to its average volume of 1,826,626. The company has a market capitalization of $2.10 billion, a PE ratio of 18.14 and a beta of 2.21. Carrizo Oil & Gas has a one year low of $13.49 and a one year high of $31.57. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.26 and a quick ratio of 0.26.

Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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Earnings History and Estimates for Carrizo Oil & Gas (NASDAQ:CRZO)

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