Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Research analysts at SunTrust Banks reduced their FY2020 EPS estimates for Carrizo Oil & Gas in a report issued on Tuesday, February 26th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas producer will earn $2.76 per share for the year, down from their prior estimate of $3.15. SunTrust Banks also issued estimates for Carrizo Oil & Gas’ FY2021 earnings at $2.81 EPS.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Monday, February 25th. The oil and gas producer reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Carrizo Oil & Gas had a return on equity of 56.06% and a net margin of 12.23%. The business had revenue of $273.30 million for the quarter, compared to analysts’ expectations of $268.91 million. During the same period last year, the business earned $0.58 EPS. The business’s revenue was up 10.8% on a year-over-year basis.
A number of other research analysts also recently weighed in on the company. MKM Partners initiated coverage on Carrizo Oil & Gas in a report on Wednesday, December 5th. They issued a “buy” rating and a $27.00 target price on the stock. Williams Capital set a $22.00 target price on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, December 12th. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, November 9th. Raymond James set a $21.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a report on Wednesday, January 23rd. Finally, Northland Securities restated a “buy” rating and issued a $25.00 price target on shares of Carrizo Oil & Gas in a research report on Tuesday. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Carrizo Oil & Gas currently has a consensus rating of “Hold” and an average target price of $24.92.
NASDAQ:CRZO opened at $11.26 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $1.08 billion, a P/E ratio of 7.87 and a beta of 2.40. Carrizo Oil & Gas has a 1-year low of $9.67 and a 1-year high of $31.57.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund bought a new position in Carrizo Oil & Gas in the fourth quarter valued at about $32,000. Cypress Capital Management LLC WY bought a new stake in shares of Carrizo Oil & Gas during the 4th quarter worth approximately $58,000. Advisor Group Inc. raised its position in Carrizo Oil & Gas by 276.2% during the 4th quarter. Advisor Group Inc. now owns 7,333 shares of the oil and gas producer’s stock valued at $83,000 after purchasing an additional 5,384 shares in the last quarter. LS Investment Advisors LLC raised its position in Carrizo Oil & Gas by 244.1% during the 4th quarter. LS Investment Advisors LLC now owns 8,001 shares of the oil and gas producer’s stock valued at $90,000 after purchasing an additional 5,676 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Carrizo Oil & Gas in the 4th quarter valued at $90,000.
In other news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $12.65, for a total transaction of $101,200.00. Following the completion of the transaction, the insider now owns 139,076 shares of the company’s stock, valued at $1,759,311.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 24,000 shares of company stock valued at $301,040. 5.40% of the stock is currently owned by insiders.
Carrizo Oil & Gas Company Profile
Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of 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 Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.
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