Carrizo Oil & Gas Inc to Post Q3 2019 Earnings of $0.75 Per Share, KeyCorp Forecasts (NASDAQ:CRZO)

Carrizo Oil & Gas Inc (NASDAQ:CRZO) – Stock analysts at KeyCorp raised their Q3 2019 earnings per share (EPS) estimates for Carrizo Oil & Gas in a research report issued to clients and investors on Wednesday, October 16th. KeyCorp analyst L. Mariani now expects that the oil and gas producer will post earnings per share of $0.75 for the quarter, up from their previous forecast of $0.68. KeyCorp also issued estimates for Carrizo Oil & Gas’ Q4 2019 earnings at $0.69 EPS, Q1 2020 earnings at $0.63 EPS, Q2 2020 earnings at $0.80 EPS, Q3 2020 earnings at $0.81 EPS, Q4 2020 earnings at $0.83 EPS and FY2020 earnings at $3.07 EPS.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $264.97 million during the quarter, compared to analyst estimates of $263.76 million.

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Raymond James downgraded Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 17th. Piper Jaffray Companies set a $15.00 price target on Carrizo Oil & Gas and gave the company a “hold” rating in a research note on Friday, August 16th. Zacks Investment Research downgraded Carrizo Oil & Gas from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 15th. Finally, ValuEngine upgraded Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.35.

Shares of NASDAQ:CRZO opened at $7.49 on Monday. Carrizo Oil & Gas has a fifty-two week low of $7.17 and a fifty-two week high of $20.81. The business has a 50-day simple moving average of $8.18 and a two-hundred day simple moving average of $9.96. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $691.80 million, a price-to-earnings ratio of 2.69, a price-to-earnings-growth ratio of 0.11 and a beta of 2.13.

In related news, CEO S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $9.83, for a total transaction of $78,640.00. Following the completion of the transaction, the chief executive officer now directly owns 171,221 shares in the company, valued at approximately $1,683,102.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.80% of the company’s stock.

Several large investors have recently made changes to their positions in CRZO. Marshall Wace LLP bought a new position in shares of Carrizo Oil & Gas in the 1st quarter valued at about $519,000. Marshall Wace North America L.P. acquired a new stake in shares of Carrizo Oil & Gas during the 1st quarter worth about $1,474,000. Advisory Services Network LLC lifted its stake in shares of Carrizo Oil & Gas by 44.4% during the 1st quarter. Advisory Services Network LLC now owns 11,523 shares of the oil and gas producer’s stock worth $144,000 after buying an additional 3,544 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Carrizo Oil & Gas during the 2nd quarter worth about $116,000. Finally, First Hawaiian Bank lifted its stake in shares of Carrizo Oil & Gas by 47.0% during the 2nd quarter. First Hawaiian Bank now owns 17,380 shares of the oil and gas producer’s stock worth $174,000 after buying an additional 5,560 shares during the last quarter.

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.

Further Reading: What is the CBOE Russell 2000® Volatility Index?

Earnings History and Estimates for Carrizo Oil & Gas (NASDAQ:CRZO)

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.