Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Oppenheimer increased their Q2 2019 earnings per share estimates for shares of Carrizo Oil & Gas in a research report issued on Tuesday, July 16th. Oppenheimer analyst T. Rezvan now forecasts that the oil and gas producer will post earnings per share of $0.66 for the quarter, up from their previous estimate of $0.62. Oppenheimer also issued estimates for Carrizo Oil & Gas’ FY2019 earnings at $2.87 EPS.
Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.07. Carrizo Oil & Gas had a net margin of 49.20% and a return on equity of 32.14%. The company had revenue of $233.04 million during the quarter, compared to the consensus estimate of $228.41 million. During the same quarter last year, the company earned $0.48 earnings per share. Carrizo Oil & Gas’s revenue for the quarter was up 3.4% on a year-over-year basis.
Shares of NASDAQ:CRZO opened at $9.45 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.26 and a quick ratio of 0.26. Carrizo Oil & Gas has a 52-week low of $8.64 and a 52-week high of $29.58. The firm has a 50 day moving average price of $9.96. The firm has a market capitalization of $886.19 million, a P/E ratio of 3.40, a price-to-earnings-growth ratio of 0.13 and a beta of 2.14.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in Carrizo Oil & Gas in the fourth quarter valued at $90,000. Ellis Investment Partners LLC lifted its stake in Carrizo Oil & Gas by 23.1% in the first quarter. Ellis Investment Partners LLC now owns 89,788 shares of the oil and gas producer’s stock valued at $1,119,000 after buying an additional 16,837 shares during the last quarter. Alps Advisors Inc. bought a new stake in Carrizo Oil & Gas in the first quarter valued at $461,000. Tortoise Capital Advisors L.L.C. lifted its stake in Carrizo Oil & Gas by 50.2% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 410,080 shares of the oil and gas producer’s stock valued at $5,114,000 after buying an additional 137,000 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Carrizo Oil & Gas by 20.7% in the fourth quarter. Macquarie Group Ltd. now owns 3,398,233 shares of the oil and gas producer’s stock valued at $38,367,000 after buying an additional 583,225 shares during the last quarter.
In related news, insider S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $9.15, for a total transaction of $73,200.00. Following the transaction, the insider now directly owns 195,221 shares in the company, valued at $1,786,272.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 24,000 shares of company stock worth $259,600 over the last 90 days. 4.80% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Carrizo Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.