Zacks: Analysts Anticipate Carrizo Oil & Gas Inc (NASDAQ:CRZO) to Announce $0.65 Earnings Per Share

Wall Street brokerages expect that Carrizo Oil & Gas Inc (NASDAQ:CRZO) will post earnings per share (EPS) of $0.65 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Carrizo Oil & Gas’ earnings. The lowest EPS estimate is $0.49 and the highest is $0.82. Carrizo Oil & Gas reported earnings per share of $0.56 during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.1%. The company is expected to report its next quarterly earnings report on Monday, February 24th.

On average, analysts expect that Carrizo Oil & Gas will report full-year earnings of $2.50 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.80. For the next year, analysts expect that the firm will post earnings of $2.49 per share, with EPS estimates ranging from $2.00 to $3.21. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Carrizo Oil & Gas.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. The business had revenue of $256.99 million during the quarter, compared to the consensus estimate of $261.67 million. Carrizo Oil & Gas had a net margin of 61.01% and a return on equity of 19.61%.

Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. BidaskClub upgraded shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Northland Securities restated a “hold” rating and set a $9.00 price objective on shares of Carrizo Oil & Gas in a research report on Sunday, September 1st. Wells Fargo & Co reduced their price objective on shares of Carrizo Oil & Gas from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Tuesday, October 15th. Finally, Zacks Investment Research downgraded shares of Carrizo Oil & Gas from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.35.

Shares of NASDAQ:CRZO traded down $0.68 during trading on Monday, hitting $6.87. 10,536,900 shares of the company were exchanged, compared to its average volume of 4,871,232. The stock has a market capitalization of $671.42 million, a P/E ratio of 2.47, a PEG ratio of 0.11 and a beta of 2.12. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.42 and a quick ratio of 0.42. Carrizo Oil & Gas has a 12-month low of $6.69 and a 12-month high of $18.20. The firm’s 50 day moving average price is $7.74 and its 200-day moving average price is $9.30.

In related news, CEO S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $9.83, for a total value of $78,640.00. Following the completion of the sale, the chief executive officer now owns 171,221 shares in the company, valued at approximately $1,683,102.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CRZO. Point72 Hong Kong Ltd purchased a new position in Carrizo Oil & Gas during the 2nd quarter worth $54,000. Ladenburg Thalmann Financial Services Inc. raised its position in Carrizo Oil & Gas by 22.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock worth $75,000 after buying an additional 1,363 shares during the last quarter. Teton Advisors Inc. purchased a new position in Carrizo Oil & Gas during the 3rd quarter worth $107,000. Commonwealth Equity Services LLC purchased a new position in Carrizo Oil & Gas during the 2nd quarter worth $109,000. Finally, WINTON GROUP Ltd purchased a new position in Carrizo Oil & Gas during the 2nd quarter worth $116,000.

Carrizo Oil & Gas Company Profile

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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