Carrizo Oil & Gas Inc. (NASDAQ:CRZO) – Stock analysts at Capital One Financial Corp. lowered their FY2016 earnings per share estimates for shares of Carrizo Oil & Gas in a research note issued to investors on Wednesday. Capital One Financial Corp. analyst B. Velie now forecasts that the firm will post earnings per share of $0.91 for the year, down from their prior forecast of $0.95. Capital One Financial Corp. also issued estimates for Carrizo Oil & Gas’ Q4 2016 earnings at $0.24 EPS and FY2017 earnings at $1.17 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. Carrizo Oil & Gas had a negative net margin of 264.25% and a positive return on equity of 85.42%. The business had revenue of $111.20 million for the quarter, compared to analysts’ expectations of $127.99 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis.

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

A number of other equities analysts have also weighed in on CRZO. KLR Group upgraded Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $47.00 in a research note on Monday, November 7th. FBR & Co lifted their price objective on Carrizo Oil & Gas from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, September 6th. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, September 13th. Simmons reiterated a “neutral” rating and set a $46.00 price objective (up previously from $42.00) on shares of Carrizo Oil & Gas in a research note on Monday, August 15th. Finally, Imperial Capital lifted 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, October 19th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $40.73.

Carrizo Oil & Gas (NASDAQ:CRZO) opened at 36.39 on Friday. The company’s 50-day moving average price is $37.99 and its 200-day moving average price is $36.74. The firm’s market capitalization is $2.12 billion. Carrizo Oil & Gas has a 12-month low of $16.10 and a 12-month high of $43.56.

In other news, Director Roger A. Ramsey sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $39.86, for a total transaction of $39,860.00. Following the transaction, the director now directly owns 33,450 shares in the company, valued at approximately $1,333,317. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO S P. Iv Johnson sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the transaction, the chief executive officer now owns 589,815 shares in the company, valued at $20,490,173.10. The disclosure for this sale can be found here. Insiders own 6.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Financial Architects Inc boosted its position in shares of Carrizo Oil & Gas by 4,458.8% in the second quarter. Financial Architects Inc now owns 3,100 shares of the company’s stock valued at $111,000 after buying an additional 3,032 shares in the last quarter. Moody National Bank Trust Division bought a new position in shares of Carrizo Oil & Gas during the third quarter valued at $201,000. Blair William & Co. IL bought a new position in shares of Carrizo Oil & Gas during the second quarter valued at $209,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Carrizo Oil & Gas during the third quarter valued at $217,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Carrizo Oil & Gas by 77.2% in the second quarter. Panagora Asset Management Inc. now owns 6,127 shares of the company’s stock valued at $220,000 after buying an additional 2,670 shares in the last quarter.

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

Receive News & Stock Ratings for Carrizo Oil & Gas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas Inc. and related stocks with our FREE daily email newsletter.