Q3 2017 EPS Estimates for Carrizo Oil & Gas, Inc. Lowered by Analyst (NASDAQ:CRZO)

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) – Investment analysts at SunTrust Banks reduced their Q3 2017 EPS estimates for shares of Carrizo Oil & Gas in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will earn $0.28 per share for the quarter, down from their prior forecast of $0.29.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $166.50 million for the quarter, compared to the consensus estimate 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 firm’s revenue was up 55.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS.

COPYRIGHT VIOLATION WARNING: This news story was first published by Stock Observer and is the property of of Stock Observer. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.thestockobserver.com/2017/08/12/q3-2017-eps-estimates-for-carrizo-oil-gas-inc-lowered-by-analyst-nasdaqcrzo.html.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday. Williams Capital set a $35.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a report on Tuesday. BidaskClub cut shares of Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. J P Morgan Chase & Co cut shares of Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $21.00 in a report on Thursday, July 20th. Finally, Mizuho restated a “buy” rating and issued a $32.00 price objective on shares of Carrizo Oil & Gas in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Carrizo Oil & Gas presently has a consensus rating of “Buy” and an average target price of $40.33.

Carrizo Oil & Gas (NASDAQ:CRZO) opened at 13.86 on Thursday. Carrizo Oil & Gas has a one year low of $12.73 and a one year high of $43.96. The company’s market capitalization is $912.47 million. The company’s 50-day moving average is $15.65 and its 200 day moving average is $24.51.

Large investors have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd raised its position in Carrizo Oil & Gas by 1,014.9% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 3,207 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 980 shares in the last quarter. Elkfork Partners LLC boosted its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock worth $135,000 after buying an additional 1,190 shares in the last quarter. Kings Point Capital Management boosted its position in shares of Carrizo Oil & Gas by 220.0% in the second quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after buying an additional 5,500 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Carrizo Oil & Gas by 47.4% in the second quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after buying an additional 2,611 shares in the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

In other Carrizo Oil & Gas news, Director Frank A. Wojtek sold 2,800 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was 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 $727,393.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.00% of the company’s stock.

Carrizo Oil & Gas Company Profile

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply