Carrizo Oil & Gas Inc Forecasted to Post Q1 2019 Earnings of $0.44 Per Share (CRZO)

Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Equities researchers at US Capital Advisors upped their Q1 2019 earnings per share estimates for shares of Carrizo Oil & Gas in a research report issued on Wednesday, March 27th, Zacks Investment Research reports. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will earn $0.44 per share for the quarter, up from their prior estimate of $0.37. US Capital Advisors also issued estimates for Carrizo Oil & Gas’ Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.67 EPS, Q4 2019 earnings at $0.73 EPS, Q1 2020 earnings at $0.72 EPS, Q2 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.72 EPS, Q4 2020 earnings at $0.71 EPS and FY2021 earnings at $2.85 EPS.

A number of other equities research analysts have also commented on CRZO. BMO Capital Markets lowered Carrizo Oil & Gas from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. Zacks Investment Research lowered Carrizo Oil & Gas from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 8th. Williams Capital reiterated a “buy” rating and issued a $19.00 target price on shares of Carrizo Oil & Gas in a research report on Wednesday, January 23rd. Raymond James set a $21.00 target price on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Finally, KeyCorp started coverage on Carrizo Oil & Gas in a research report on Thursday, January 31st. They issued an “overweight” rating and a $14.50 target price on the stock. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $24.56.

NASDAQ CRZO traded down $0.33 during trading hours on Thursday, reaching $11.92. The stock had a trading volume of 3,875,656 shares, compared to its average volume of 3,096,553. The firm has a market cap of $1.10 billion, a P/E ratio of 4.29, a P/E/G ratio of 0.17 and a beta of 2.28. Carrizo Oil & Gas has a 52-week low of $9.67 and a 52-week high of $31.57. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.67.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Monday, February 25th. The oil and gas producer reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). The firm had revenue of $273.30 million during 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%. Carrizo Oil & Gas’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS.

In other news, COO John Bradley Fisher sold 30,755 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $12.11, for a total transaction of $372,443.05. Following the completion of the transaction, the chief operating officer now directly owns 208,460 shares of the company’s stock, valued at approximately $2,524,450.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $100,400.00. Following the transaction, the chief executive officer now directly owns 131,076 shares of the company’s stock, valued at $1,645,003.80. The disclosure for this sale can be found here. Insiders sold 130,523 shares of company stock valued at $1,584,394 over the last three months. 4.80% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Carrizo Oil & Gas by 1.9% during the 4th quarter. BlackRock Inc. now owns 12,685,504 shares of the oil and gas producer’s stock worth $143,221,000 after buying an additional 236,180 shares during the period. Vanguard Group Inc. increased its position in shares of Carrizo Oil & Gas by 22.1% during the third quarter. Vanguard Group Inc. now owns 9,032,268 shares of the oil and gas producer’s stock worth $227,614,000 after purchasing an additional 1,633,508 shares in the last quarter. Vanguard Group Inc increased its position in shares of Carrizo Oil & Gas by 22.1% during the third quarter. Vanguard Group Inc now owns 9,032,268 shares of the oil and gas producer’s stock worth $227,614,000 after purchasing an additional 1,633,508 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Carrizo Oil & Gas by 20.7% during the fourth quarter. Macquarie Group Ltd. now owns 3,398,233 shares of the oil and gas producer’s stock worth $38,367,000 after purchasing an additional 583,225 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Carrizo Oil & Gas by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,136,313 shares of the oil and gas producer’s stock worth $35,409,000 after purchasing an additional 140,059 shares in the last quarter.

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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