Carrizo Oil & Gas Inc. (NASDAQ:CRZO) – Analysts at KeyCorp issued their Q1 2017 earnings estimates for shares of Carrizo Oil & Gas in a research report issued on Tuesday. KeyCorp analyst C. Stevens expects that the firm will earn $0.30 per share for the quarter. KeyCorp has a “Overweight” rating and a $49.00 price target on the stock. KeyCorp also issued estimates for Carrizo Oil & Gas’ Q2 2017 earnings at $0.35 EPS, Q3 2017 earnings at $0.46 EPS, Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $1.66 EPS and Q1 2018 earnings at $0.77 EPS.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Friday, August 19th. Credit Suisse Group AG downgraded shares of Carrizo Oil & Gas from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $42.00 to $41.00 in a research report on Thursday, October 13th. Goldman Sachs Group Inc. downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Tuesday, October 18th. Jefferies Group set a $48.00 target price on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Tuesday, October 18th. Finally, KLR Group downgraded shares of Carrizo Oil & Gas from a “buy” rating to an “accumulate” rating and set a $45.00 target price on the stock. in a research report on Tuesday, October 18th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.00.

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

Carrizo Oil & Gas (NASDAQ:CRZO) opened at 39.36 on Thursday. The company’s market capitalization is $2.56 billion. Carrizo Oil & Gas has a 52 week low of $16.10 and a 52 week high of $43.56. The stock’s 50 day moving average is $37.97 and its 200 day moving average is $36.95.

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

Several large investors have recently made changes to their positions in CRZO. Financial Architects Inc raised its stake 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 worth $111,000 after buying an additional 3,032 shares in the last quarter. Moody National Bank Trust Division purchased a new stake in shares of Carrizo Oil & Gas during the third quarter worth about $201,000. Croft Leominster Inc. purchased a new stake in shares of Carrizo Oil & Gas during the third quarter worth about $203,000. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Carrizo Oil & Gas during the third quarter worth about $217,000. Finally, Blair William & Co. IL purchased a new stake in shares of Carrizo Oil & Gas during the second quarter worth about $209,000.

In related news, insider S P. Iv Johnson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $39.68, for a total value of $238,080.00. Following the completion of the sale, the insider now owns 601,717 shares of the company’s stock, valued at $23,876,130.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roger A. Ramsey sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $39.86, for a total transaction of $39,860.00. Following the completion of the sale, the director now directly owns 33,450 shares of the company’s stock, valued at approximately $1,333,317. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Carrizo Oil & Gas Inc. Expected to Post Q1 2017 Earnings of $0.30 Per Share (CRZO)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was copied illegally and republished in violation of international copyright and trademark laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/25/carrizo-oil-gas-inc-expected-to-post-q1-2017-earnings-of-0-30-per-share-crzo.html.

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.

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.