Q3 2019 Earnings Estimate for Carrizo Oil & Gas Inc (NASDAQ:CRZO) Issued By Capital One Financial

Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Equities researchers at Capital One Financial lifted their Q3 2019 earnings estimates for Carrizo Oil & Gas in a research note issued to investors on Thursday, October 17th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will earn $0.65 per share for the quarter, up from their previous forecast of $0.59. Capital One Financial also issued estimates for Carrizo Oil & Gas’ FY2019 earnings at $2.38 EPS.

A number of other analysts have also recently weighed in on CRZO. Wells Fargo & Co decreased their price objective on 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. Piper Jaffray Companies set a $15.00 price objective on Carrizo Oil & Gas and gave the stock a “hold” rating in a research report on Friday, August 16th. BidaskClub raised Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Raymond James cut Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 17th. Finally, Williams Capital cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.35.

Carrizo Oil & Gas stock opened at $7.49 on Monday. Carrizo Oil & Gas has a twelve month low of $7.17 and a twelve month high of $20.81. The stock has a 50 day moving average of $8.18 and a two-hundred day moving average of $9.96. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $691.80 million, a price-to-earnings ratio of 2.69, a PEG ratio of 0.11 and a beta of 2.13.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Carrizo Oil & Gas had a return on equity of 25.15% and a net margin of 55.87%. The company had revenue of $264.97 million during the quarter, compared to analysts’ expectations of $263.76 million.

Hedge funds have recently modified their holdings of the company. Morgan Stanley increased its stake in Carrizo Oil & Gas by 1,086.1% in the 2nd quarter. Morgan Stanley now owns 1,232,610 shares of the oil and gas producer’s stock valued at $12,351,000 after purchasing an additional 1,128,689 shares in the last quarter. Man Group plc increased its stake in Carrizo Oil & Gas by 186.7% in the 2nd quarter. Man Group plc now owns 988,957 shares of the oil and gas producer’s stock valued at $9,910,000 after purchasing an additional 643,972 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Carrizo Oil & Gas by 1,154.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 532,490 shares of the oil and gas producer’s stock valued at $5,336,000 after purchasing an additional 490,026 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Carrizo Oil & Gas by 1,792.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 378,143 shares of the oil and gas producer’s stock valued at $3,788,000 after purchasing an additional 358,159 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Carrizo Oil & Gas by 227.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 470,185 shares of the oil and gas producer’s stock valued at $4,711,000 after purchasing an additional 326,544 shares in the last quarter.

In other news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $8.26, for a total transaction of $66,080.00. Following the completion of the transaction, the insider now directly owns 179,221 shares of the company’s stock, valued at approximately $1,480,365.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.80% 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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