Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Capital One Financial Corporation increased their FY2017 earnings per share estimates for shares of Carrizo Oil & Gas in a research report issued on Wednesday. Capital One Financial Corporation analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $0.89 for the year, up from their previous estimate of $0.84.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. The firm had revenue of $166.50 million for the quarter, compared to analysts’ expectations of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The business’s quarterly revenue was up 55.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. WARNING: “FY2017 EPS Estimates for Carrizo Oil & Gas, Inc. Lifted by Capital One Financial Corporation (NASDAQ:CRZO)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/10/fy2017-eps-estimates-for-carrizo-oil-gas-inc-lifted-by-capital-one-financial-corporation-nasdaqcrzo.html.

CRZO has been the topic of a number of other research reports. Mizuho restated a “buy” rating and set a $32.00 target price on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. BMO Capital Markets set a $20.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday, June 26th. Seaport Global Securities cut shares of Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research note on Wednesday, June 21st. J P Morgan Chase & Co cut shares of Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $21.00 in a research note on Thursday, July 20th. Finally, Credit Suisse Group restated a “neutral” rating and set a $38.00 target price on shares of Carrizo Oil & Gas in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.33.

Carrizo Oil & Gas (NASDAQ:CRZO) opened at 13.46 on Thursday. The stock has a 50 day moving average of $15.79 and a 200 day moving average of $24.75. The company’s market cap is $885.76 million. Carrizo Oil & Gas has a 12-month low of $12.73 and a 12-month high of $43.96.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Carrizo Oil & Gas by 20,572.2% in the first quarter. BlackRock Inc. now owns 8,555,207 shares of the oil and gas producer’s stock worth $245,193,000 after buying an additional 8,513,822 shares during the period. Caymus Capital Partners L.P. increased its stake in Carrizo Oil & Gas by 978.3% in the first quarter. Caymus Capital Partners L.P. now owns 1,401,800 shares of the oil and gas producer’s stock worth $40,176,000 after buying an additional 1,271,800 shares during the period. Marshall Wace North America L.P. increased its stake in Carrizo Oil & Gas by 2,349.5% in the second quarter. Marshall Wace North America L.P. now owns 897,901 shares of the oil and gas producer’s stock worth $15,264,000 after buying an additional 861,245 shares during the period. Frontier Capital Management Co. LLC increased its stake in Carrizo Oil & Gas by 17.0% in the second quarter. Frontier Capital Management Co. LLC now owns 4,905,089 shares of the oil and gas producer’s stock worth $85,447,000 after buying an additional 714,257 shares during the period. Finally, Mackenzie Financial Corp increased its stake in Carrizo Oil & Gas by 7,755.6% in the first quarter. Mackenzie Financial Corp now owns 707,000 shares of the oil and gas producer’s stock worth $20,263,000 after buying an additional 698,000 shares during the period. Hedge funds and other institutional investors own 89.12% of the company’s stock.

In other news, Director Frank A. Wojtek sold 2,800 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total value of $67,872.00. Following the sale, the director now directly owns 30,008 shares in the company, valued at approximately $727,393.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.00% of the company’s stock.

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.

Earnings History and Estimates for Carrizo Oil & Gas (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.