Analysts expect that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will post earnings of $0.39 per share for the current quarter, according to Zacks. Ten analysts have provided estimates for Carrizo Oil & Gas’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.55. Carrizo Oil & Gas reported earnings of $0.48 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 18.8%. The business is scheduled to issue its next earnings report on Monday, May 6th.

On average, analysts expect that Carrizo Oil & Gas will report full-year earnings of $2.25 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $3.26. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.53 per share, with EPS estimates ranging from $1.76 to $4.13. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Carrizo Oil & Gas.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Monday, February 25th. The oil and gas producer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $273.30 million for the quarter, compared to analysts’ expectations of $268.91 million. Carrizo Oil & Gas had a net margin of 37.94% and a return on equity of 42.15%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS.

A number of equities research analysts recently issued reports on CRZO shares. Williams Capital set a $22.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, December 12th. KeyCorp started coverage on shares of Carrizo Oil & Gas in a research note on Thursday, January 31st. They issued an “overweight” rating and a $14.50 price target on the stock. BidaskClub raised shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Friday, February 15th. Seaport Global Securities cut shares of Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and dropped their price target for the company from $28.00 to $18.00 in a research note on Monday, December 10th. Finally, Tudor Pickering cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Friday, December 14th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.38.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction on Monday, December 17th. The shares were sold at an average price of $12.43, for a total transaction of $99,440.00. Following the sale, the insider now owns 147,076 shares of the company’s stock, valued at approximately $1,828,154.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 24,000 shares of company stock worth $301,040. 5.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its stake in Carrizo Oil & Gas by 3.4% during the 4th quarter. State of Alaska Department of Revenue now owns 28,506 shares of the oil and gas producer’s stock worth $321,000 after purchasing an additional 947 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Carrizo Oil & Gas by 18.5% during the 4th quarter. Mackenzie Financial Corp now owns 1,417,000 shares of the oil and gas producer’s stock worth $15,998,000 after purchasing an additional 221,000 shares during the last quarter. Ellis Investment Partners LLC acquired a new stake in Carrizo Oil & Gas during the 4th quarter worth $939,000. Allianz Asset Management GmbH boosted its stake in Carrizo Oil & Gas by 64.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 69,433 shares of the oil and gas producer’s stock worth $1,750,000 after purchasing an additional 27,167 shares during the last quarter. Finally, MetLife Investment Advisors LLC boosted its stake in Carrizo Oil & Gas by 58.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 59,563 shares of the oil and gas producer’s stock worth $1,501,000 after purchasing an additional 22,054 shares during the last quarter.

Shares of NASDAQ CRZO opened at $11.39 on Tuesday. The company has a market cap of $1.04 billion, a PE ratio of 4.10, a PEG ratio of 0.18 and a beta of 2.26. Carrizo Oil & Gas has a 12 month low of $9.67 and a 12 month high of $31.57. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.47 and a current ratio of 0.47.

Carrizo Oil & Gas Company Profile

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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

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