Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Research analysts at KeyCorp lowered their FY2017 earnings per share estimates for Carrizo Oil & Gas in a note issued to investors on Sunday. KeyCorp analyst C. Stevens now forecasts that the oil and gas producer will post earnings of $1.74 per share for the year, down from their previous estimate of $1.75. KeyCorp also issued estimates for Carrizo Oil & Gas’ Q4 2017 earnings at $0.68 EPS and Q1 2018 earnings at $0.67 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Tuesday, May 9th. The oil and gas producer reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. The business had revenue of $151.36 million for the quarter, compared to analysts’ expectations of $147.19 million. Carrizo Oil & Gas had a positive return on equity of 85.42% and a negative net margin of 264.25%. The business’s quarterly revenue was up 86.3% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. COPYRIGHT VIOLATION NOTICE: “Carrizo Oil & Gas Inc (CRZO) to Post FY2017 Earnings of $1.74 Per Share, KeyCorp Forecasts” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/06/16/carrizo-oil-gas-inc-crzo-to-post-fy2017-earnings-of-1-74-per-share-keycorp-forecasts-updated-updated.html.

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

A number of other brokerages also recently weighed in on CRZO. Robert W. Baird reiterated an “outperform” rating and issued a $36.00 price objective (down previously from $50.00) on shares of Carrizo Oil & Gas in a research report on Wednesday. Royal Bank of Canada set a $40.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Thursday, May 11th. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Friday, February 17th. Credit Suisse Group AG reiterated a “hold” rating and issued a $42.00 price objective on shares of Carrizo Oil & Gas in a research report on Sunday, February 5th. Finally, Canaccord Genuity set a $44.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.37.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) opened at 24.39 on Tuesday. The firm’s 50-day moving average price is $25.75 and its 200-day moving average price is $32.56. Carrizo Oil & Gas has a 12-month low of $23.49 and a 12-month high of $43.96. The company’s market capitalization is $1.61 billion.

In related news, insider S P. Iv Johnson sold 48,947 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $28.16, for a total transaction of $1,378,347.52. Following the completion of the transaction, the insider now owns 177,367 shares of the company’s stock, valued at approximately $4,994,654.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gregory F. Conaway sold 2,702 shares of the stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $28.15, for a total transaction of $76,061.30. Following the transaction, the vice president now directly owns 9,036 shares of the company’s stock, valued at approximately $254,363.40. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 90,830 shares of company stock valued at $2,736,072 and have sold 158,678 shares valued at $4,472,550. Company insiders own 6.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in Carrizo Oil & Gas by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,760 shares of the oil and gas producer’s stock worth $193,000 after buying an additional 120 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Carrizo Oil & Gas by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,990 shares of the oil and gas producer’s stock worth $401,000 after buying an additional 140 shares during the period. Blair William & Co. IL raised its stake in Carrizo Oil & Gas by 2.2% in the first quarter. Blair William & Co. IL now owns 8,390 shares of the oil and gas producer’s stock worth $242,000 after buying an additional 181 shares during the period. Chicago Equity Partners LLC raised its stake in Carrizo Oil & Gas by 1.5% in the first quarter. Chicago Equity Partners LLC now owns 16,705 shares of the oil and gas producer’s stock worth $479,000 after buying an additional 250 shares during the period. Finally, First Midwest Bank Trust Division raised its stake in Carrizo Oil & Gas by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 8,681 shares of the oil and gas producer’s stock worth $249,000 after buying an additional 280 shares during the period.

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.

12 Month Chart for NASDAQ:CRZO

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