Wall Street brokerages expect that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will post sales of $225.39 million for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Carrizo Oil & Gas’ earnings, with the highest sales estimate coming in at $246.31 million and the lowest estimate coming in at $189.20 million. Carrizo Oil & Gas posted sales of $143.83 million during the same quarter last year, which would suggest a positive year over year growth rate of 56.7%. The business is scheduled to report its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Carrizo Oil & Gas will report full year sales of $225.39 million for the current year, with estimates ranging from $683.60 million to $753.18 million. For the next financial year, analysts expect that the business will report sales of $944.66 million per share, with estimates ranging from $699.40 million to $1.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Carrizo Oil & Gas.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.09. Carrizo Oil & Gas had a return on equity of 58.37% and a net margin of 16.08%. The business had revenue of $181.28 million during the quarter, compared to analysts’ expectations of $177.97 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 63.1% on a year-over-year basis.

A number of analysts have recently issued reports on the company. Williams Capital set a $35.00 target price on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Tuesday, August 8th. SunTrust Banks set a $20.00 target price on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Monday, October 16th. Zacks Investment Research cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Tudor Pickering cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $14.50 target price on shares of Carrizo Oil & Gas in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $28.76.

In related news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $18.69, for a total transaction of $149,520.00. Following the transaction, the insider now directly owns 231,194 shares of the company’s stock, valued at approximately $4,321,015.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Webster purchased 75,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average cost of $11.70 per share, for a total transaction of $877,500.00. Following the completion of the transaction, the director now directly owns 2,786,310 shares in the company, valued at approximately $32,599,827. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Kings Point Capital Management raised its position in shares of Carrizo Oil & Gas by 220.0% in the 2nd quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock valued at $139,000 after purchasing an additional 5,500 shares in the last quarter. Advisor Group Inc. raised its position in shares of Carrizo Oil & Gas by 47.4% in the 2nd quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock valued at $141,000 after purchasing an additional 2,611 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Carrizo Oil & Gas by 15.0% in the 2nd quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock valued at $157,000 after purchasing an additional 1,177 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Carrizo Oil & Gas in the 3rd quarter valued at approximately $182,000. Finally, First Interstate Bank raised its position in shares of Carrizo Oil & Gas by 40.6% in the 2nd quarter. First Interstate Bank now owns 11,740 shares of the oil and gas producer’s stock valued at $205,000 after purchasing an additional 3,390 shares in the last quarter.

Shares of Carrizo Oil & Gas (NASDAQ:CRZO) traded down $0.90 during trading hours on Friday, hitting $18.76. The stock had a trading volume of 2,925,899 shares, compared to its average volume of 2,726,479. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 4.38. Carrizo Oil & Gas has a 1-year low of $11.10 and a 1-year high of $42.75. The stock has a market cap of $1,647.01, a PE ratio of 16.18 and a beta of 2.18.

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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.

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

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