Carrizo Oil & Gas Inc. (NASDAQ:CRZO) – Investment analysts at SunTrust Banks cut their FY2016 EPS estimates for shares of Carrizo Oil & Gas in a report issued on Thursday. SunTrust Banks analyst N. Dingmann now anticipates that the brokerage will post earnings of $1.01 per share for the year, down from their previous estimate of $1.27. SunTrust Banks also issued estimates for Carrizo Oil & Gas’ FY2017 earnings at $1.32 EPS.

Other research analysts have also recently issued research reports about the company. Goldman Sachs Group Inc. cut Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research note on Tuesday. Zacks Investment Research cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday. KLR Group restated an “accumulate” rating on shares of Carrizo Oil & Gas in a research note on Tuesday. Imperial Capital upped their price objective on Carrizo Oil & Gas from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Credit Suisse Group AG restated a “buy” rating and set a $42.00 price objective on shares of Carrizo Oil & Gas in a research note on Thursday, August 11th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Carrizo Oil & Gas has an average rating of “Buy” and a consensus target price of $40.65.

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

Carrizo Oil & Gas (NASDAQ:CRZO) opened at 38.92 on Monday. Carrizo Oil & Gas has a 52 week low of $16.10 and a 52 week high of $43.56. The stock’s market capitalization is $2.30 billion. The firm has a 50 day moving average price of $38.23 and a 200 day moving average price of $36.28.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Thursday, August 4th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.16. Carrizo Oil & Gas had a positive return on equity of 19.03% and a negative net margin of 421.40%. The company had revenue of $107.30 million for the quarter, compared to the consensus estimate of $119.67 million. During the same period last year, the business posted $0.39 EPS. The company’s revenue was down 13.1% on a year-over-year basis.

Several large investors have recently made changes to their positions in CRZO. Quadrature Capital Ltd bought a new stake in shares of Carrizo Oil & Gas during the first quarter worth approximately $761,000. UBS Group AG increased its stake in shares of Carrizo Oil & Gas by 22.1% in the first quarter. UBS Group AG now owns 43,041 shares of the company’s stock worth $1,331,000 after buying an additional 7,781 shares during the period. Third Avenue Management LLC bought a new stake in shares of Carrizo Oil & Gas during the first quarter worth approximately $1,450,000. State Street Corp increased its stake in shares of Carrizo Oil & Gas by 3.2% in the first quarter. State Street Corp now owns 2,251,334 shares of the company’s stock worth $69,609,000 after buying an additional 68,976 shares during the period. Finally, Kings Point Capital Management increased its stake in shares of Carrizo Oil & Gas by 28.6% in the first quarter. Kings Point Capital Management now owns 9,000 shares of the company’s stock worth $278,000 after buying an additional 2,000 shares during the period.

In other news, COO John Bradley Fisher sold 7,500 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $43.00, for a total transaction of $322,500.00. Following the completion of the sale, the chief operating officer now owns 144,072 shares in the company, valued at approximately $6,195,096. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roger A. Ramsey sold 1,000 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $39.86, for a total value of $39,860.00. Following the sale, the director now owns 33,450 shares of the company’s stock, valued at approximately $1,333,317. The disclosure for this sale can be found here. Insiders own 6.30% of the company’s stock.

Carrizo Oil & Gas Company Profile

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.

5 Day Chart for NASDAQ:CRZO

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