Carrizo Oil & Gas Inc. (NASDAQ:CRZO) – Research analysts at KeyCorp lowered their FY2016 earnings per share estimates for shares of Carrizo Oil & Gas in a research note issued to investors on Tuesday. KeyCorp analyst C. Stevens now anticipates that the brokerage will earn $1.09 per share for the year, down from their previous estimate of $1.12. KeyCorp has a “Overweight” rating and a $49.00 price target on the stock. KeyCorp also issued estimates for Carrizo Oil & Gas’ Q4 2016 earnings at $0.42 EPS, Q2 2018 earnings at $0.90 EPS, Q3 2018 earnings at $1.01 EPS and FY2018 earnings at $3.80 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Thursday, November 3rd. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.06. The business earned $111.20 million during the quarter, compared to analysts’ expectations 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 business earned $0.20 earnings per share.

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

CRZO has been the topic of a number of other reports. Canaccord Genuity reiterated a “buy” rating and issued a $44.00 price objective on shares of Carrizo Oil & Gas in a research report on Friday, August 5th. FBR & Co set a $49.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Friday, August 5th. Stifel Nicolaus reiterated a “buy” rating on shares of Carrizo Oil & Gas in a research report on Wednesday, August 31st. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, October 11th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $42.00 price objective on shares of Carrizo Oil & Gas in a research report on Thursday, August 11th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.00.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 39.36 on Wednesday. The company’s 50-day moving average is $37.97 and its 200 day moving average is $36.95. The firm’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.

In related news, CEO S P. Iv Johnson sold 6,000 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the sale, the chief executive officer now owns 589,815 shares of the company’s stock, valued at approximately $20,490,173.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO John Bradley Fisher sold 7,500 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 144,072 shares of the company’s stock, valued at approximately $6,195,096. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in Carrizo Oil & Gas by 111.6% in the second quarter. BNP Paribas Arbitrage SA now owns 17,158 shares of the company’s stock worth $615,000 after buying an additional 9,051 shares during the period. Palisade Capital Management LLC NJ increased its stake in Carrizo Oil & Gas by 1.5% in the second quarter. Palisade Capital Management LLC NJ now owns 287,769 shares of the company’s stock worth $10,317,000 after buying an additional 4,325 shares during the period. Bank of Montreal Can acquired a new stake in Carrizo Oil & Gas during the second quarter worth about $14,514,000. Frontier Capital Management Co. LLC increased its stake in Carrizo Oil & Gas by 5.4% in the second quarter. Frontier Capital Management Co. LLC now owns 3,762,074 shares of the company’s stock worth $134,870,000 after buying an additional 192,152 shares during the period. Finally, PineBridge Investments L.P. increased its stake in Carrizo Oil & Gas by 4.6% in the second quarter. PineBridge Investments L.P. now owns 6,932 shares of the company’s stock worth $248,000 after buying an additional 303 shares during the period.

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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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