Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Research analysts at SunTrust Banks boosted their FY2019 earnings per share (EPS) estimates for Carrizo Oil & Gas in a report issued on Tuesday, November 5th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas producer will post earnings per share of $2.52 for the year, up from their previous estimate of $2.38. SunTrust Banks also issued estimates for Carrizo Oil & Gas’ Q4 2019 earnings at $0.65 EPS, Q4 2020 earnings at $0.62 EPS, FY2020 earnings at $2.26 EPS, Q1 2021 earnings at $0.50 EPS, Q2 2021 earnings at $0.54 EPS, Q3 2021 earnings at $0.59 EPS and FY2021 earnings at $2.25 EPS.
Other equities analysts have also issued reports about the company. Northland Securities reiterated a “hold” rating and issued a $9.00 target price on shares of Carrizo Oil & Gas in a research note on Sunday, September 1st. Johnson Rice downgraded Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Monday, July 29th. MKM Partners reiterated a “neutral” rating and set a $11.00 price target (down from $19.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, July 16th. Piper Jaffray Companies set a $15.00 target price on Carrizo Oil & Gas and gave the company a “hold” rating in a research report on Friday, August 16th. Finally, Raymond James lowered Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 17th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $14.35.
Shares of NASDAQ CRZO traded up $0.37 during trading on Friday, reaching $7.74. The company had a trading volume of 721,992 shares, compared to its average volume of 7,201,209. Carrizo Oil & Gas has a twelve month low of $6.87 and a twelve month high of $20.41. The stock has a market capitalization of $733.48 million, a PE ratio of 2.80, a price-to-earnings-growth ratio of 0.12 and a beta of 2.12. The stock has a 50-day moving average price of $7.97 and a two-hundred day moving average price of $9.57. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 1.32.
Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Carrizo Oil & Gas had a net margin of 61.01% and a return on equity of 19.61%. The business had revenue of $256.99 million for the quarter, compared to analyst estimates of $261.67 million.
In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $9.83, for a total value of $78,640.00. Following the completion of the sale, the chief executive officer now directly owns 171,221 shares in the company, valued at $1,683,102.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Carrizo Oil & Gas by 2.2% during the second quarter. BlackRock Inc. now owns 12,994,109 shares of the oil and gas producer’s stock worth $130,201,000 after purchasing an additional 277,061 shares during the last quarter. Macquarie Group Ltd. raised its position in Carrizo Oil & Gas by 6.7% in the second quarter. Macquarie Group Ltd. now owns 3,939,222 shares of the oil and gas producer’s stock worth $39,471,000 after acquiring an additional 245,626 shares during the period. Mackenzie Financial Corp raised its position in Carrizo Oil & Gas by 10.0% in the second quarter. Mackenzie Financial Corp now owns 2,111,263 shares of the oil and gas producer’s stock worth $21,155,000 after acquiring an additional 192,600 shares during the period. ARP Americas LP bought a new stake in Carrizo Oil & Gas in the third quarter worth about $16,673,000. Finally, Morgan Stanley raised its position in Carrizo Oil & Gas by 1,086.1% in the second quarter. Morgan Stanley now owns 1,232,610 shares of the oil and gas producer’s stock worth $12,351,000 after acquiring an additional 1,128,689 shares during the period.
About Carrizo Oil & Gas
Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.
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