Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Investment analysts at Piper Jaffray Companies lifted their Q1 2019 earnings estimates for shares of Carrizo Oil & Gas in a research note issued to investors on Monday, March 18th. Piper Jaffray Companies analyst K. Harrison now anticipates that the oil and gas producer will earn $0.43 per share for the quarter, up from their prior forecast of $0.37. Piper Jaffray Companies also issued estimates for Carrizo Oil & Gas’ Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.81 EPS, Q4 2019 earnings at $0.90 EPS, FY2019 earnings at $2.86 EPS, Q1 2020 earnings at $0.75 EPS, Q2 2020 earnings at $0.70 EPS, Q3 2020 earnings at $0.69 EPS, Q4 2020 earnings at $0.69 EPS and FY2020 earnings at $2.83 EPS.

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

Several other analysts have also issued reports on the stock. Capital One Financial upgraded shares of Carrizo Oil & Gas from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. BidaskClub raised shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Thursday, March 14th. Zacks Investment Research downgraded shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. MKM Partners decreased their price target on shares of Carrizo Oil & Gas to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, February 27th. Finally, Oppenheimer reiterated a “hold” rating on shares of Carrizo Oil & Gas in a research report on Tuesday, February 26th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.41.

Shares of Carrizo Oil & Gas stock opened at $12.68 on Thursday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 4.56, a PEG ratio of 0.19 and a beta of 2.26. Carrizo Oil & Gas has a 52-week low of $9.67 and a 52-week high of $31.57.

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue grew 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 valued at $321,000 after purchasing an additional 947 shares in the last quarter. Mackenzie Financial Corp raised 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 valued at $15,998,000 after acquiring an additional 221,000 shares in the last quarter. Ellis Investment Partners LLC bought a new stake in Carrizo Oil & Gas during the 4th quarter valued at $939,000. Allianz Asset Management GmbH raised 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 valued at $1,750,000 after acquiring an additional 27,167 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in shares of Carrizo Oil & Gas by 58.8% in 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 buying an additional 22,054 shares in the last quarter.

In other news, CEO S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $12.55, for a total transaction of $100,400.00. Following the completion of the sale, the chief executive officer now owns 131,076 shares in the company, valued at $1,645,003.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 24,000 shares of company stock valued at $293,360 in the last 90 days. Company insiders own 5.40% of the company’s stock.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

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

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